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The crypto market is finally stabilizing

At the time of going to press, CoinMarketCap has increased Bitcoin by less than half a percent over the day. He is thus about 3,859 US dollars (3,392 euros). Over the week, the current price is 3 percent lower compared to the beginning of the week, when it was $ 3,971 ($ 3,490). Also over the month he is 9 percent in the minus, as he had on 24 February $ 4,209 (3,700 euros) had reached.

Ethereum (ETH) continues to hold its position as the largest Altcoin by market capitalization, which at the time of writing exceeded $ 14.6 billion (€ 12.8 billion). The second largest Altcoin ripple (XRP) has a market capitalization of around 13.1 billion US dollars (11.5 billion euros).

ETH was also stable throughout the day and has risen by just over half a percent within 24 hours, according to CoinMarketCap. At the time of going to press, ETH stands at around $ 138 (€ 121.30), having reached a daily high of $ 141 (€ 123.94) yesterday.

Over the week, Ethereum has dropped 6 percent as it was $ 146 ($ 128) earlier this week. Over the month, the loss is over 16 percent, compared to $ 165 on February 24 ($ 145).

According to CoinMarketCap, Ripple has lost just over one percent over the day to the editorial deadline and currently stands at around $ 0.317 (€ 0.279). Over the week, the Coin has dropped more than 3 percent, having risen to $ 0.328 (€ 0.288) earlier this week.

Among the top 20 cryptocurrencies, Binance Coin (BNB), with a plus of almost 5 percent, and Bitcoin SV (BSV), the biggest changes, were down by around 5 percent.

The total market capitalization of all cryptocurrencies is currently over $ 130 billion (€ 114.3 billion), about 3 percent lower than a week ago, when it hit $ 134 billion (€ 117.8 billion) ) was.

The stock market is recording a small decline. The S & P 500 declined by 0.22 percent and Nasdaq by 0.10 percent through the day to the editorial deadline, while the Cboe Volatility Index gained 0.26 percent.

The major oil futures and oil indices are experiencing mixed market developments. WTI Crude also rose 3 percent and Brent Crude also 3 percent, while Mars US fell 0.61 percent. Opec Basket rose 1.8 percent and the Canadian Crude Index reported solid growth of 4 percent, according to OilPrices.

Apple co-founder Steve Wozniak, Cointelegraph reported, said he believes “we’ve seen massive value creation” when asked about Bitcoin’s potential in an interview.

It has also recently been reported that Ripple is allegedly in breach of one of Coinbase’s listing rules after the cryptocurrency exchange announced it would support Altcoin on its Pro platform.

The Pangea Blockchain Fund has launched its technology-focused blockchain fund and raised $ 22 million (€ 19.3m) with key investors, including Bitcoin.com CEO Roger Ver.

Meanwhile, the London Stock Exchange Group has led a $ 20 million (€ 17.6 million) round of investment in fintech start-up Nivaura. The Blockchain start-up is developing the world’s first crypto based blockchain-settled bonds.


Also published on Medium.

Published inCryptocurrencies

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