Ripple (XRP) slips under $ 0.55, Bitcoin (BTC) loses $ 28,000: market observation
Ripple (XRP) slips under $ 0.55, Bitcoin (BTC) loses $ 28,000: market observation
Bitcoin has finally calmed down after the recent volatility, and the asset is currently being traded only a few centimeters of $ 28,000.
Most old coins are slightly in the minus today, with ETH slipping below $ 1,800 and XRP levels off between $ 0.5 and $ 0.55.
Bitcoin stops below $ 28,000
The primary cryptocurrency fell strongly from over $ 28,000 to $ 26,500 on Monday after the US CFTC sued the world's largest stock exchange for digital assets - Binance - and its CEO - Changpeng Zhao. Bitcoin stopped for a day or two and around $ 27,000, but the bulls recalled their presence in the middle of the week.
They pushed the asset north and culminated on Thursday in a price increase to over $ 29,000. However, this was only of short duration, since BTC could not continue its upward trend or even remain at the same level. It started to lose value quickly and went back to $ 28,000 hours later.
The last 24 hours brought further pain when cryptocurrency continued to fell under $ 27,600. A little has recovered since then, but is still less than $ 28,000.
Its market capitalization has dropped to $ 535 billion. His dominance over the Alts also suffered a blow and has dropped to 46 % after he rose over 46.5 % yesterday.
BTCUSD. Tradingview
Hbar rockets, XPR calms
rippleder native token of Has been one of the top performers in the past few weeks, possibly heated by speculation about positive developments in the legal dispute of the company against the US stock exchange supervisory authority Securities and Exchange Commission. This rally drove XRP at a point a week by 60 %. The asset has finally calmed down on a daily basis and is close to $ 0.55
ether. Binance Coin, Dogecoin and Shiba Inu show minor losses, while Matatic, Sol and LTC declined by up to 3 % within a day. In contrast, AdA, DOT, TRX and AVAX made insignificant profits.
hbar is the best performer among the mid-cap alternatives after it has risen by 9 % and is traded at $ 0.07.
Since most other old coins with medium and lower market capitalization recorded minor losses, the total capitalization of the crypto market has shrunk by $ 30 billion in one day.
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