Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) Remain in Limbo While Binance Coin (BNB) Sees 4 Percent Increase

  • Alex Dovbnya
    📰 News

    Bitcoin (BTC) is currently trading at $3,867.22 with a minuscule 0.22 percent price uptick over the last 24 hours


Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) Remain in Limbo While Binance Coin (BNB) Sees 4 Percent Increase
Contents

The cryptocurrency market has shown an impressive level of stability – most top 10 coins remain in the green, but with miniscule price gains. Binance Coin (BNB) turned out to be the best-performing asset from the pack with its price increasing by 4.52 percent at the time of writing this article.

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Bitcoin (BTC) Price Falls from $4,000 While Binance Reports ATH for Trading — Is Interest Back?

Bitcoin (BTC) Price Falls from $4,000 While Binance Reports ATH for Trading — Is Interest Back?

A turbulent start results in a stable week

The last week of February started with a major correction that made the total market capitalization shed a whopping $13 bln in a matter of hours. Bitcoin (BTC), the flagship cryptocurrency, took a nosedive with its price falling below the $4,000 mark. Naturally, major altcoins followed suit by recording double-digit losses.

The news about Coinbase listing XRP made the prices surge again (XRP spiked 10 percent in a snap), but the effect wasn’t long-lasting. Now, the market remains in limbo (BTC - $3,868.61, ETH - $139.38, XRP - $0.31). BNB, which currently stands at $9.97, is the only coin that made a sizeable move.

A turbulent start results in a stable week

Winning retail investors back

The stability is not necessarily a good thing since, according to crypto trader Alex Krüger, BTC has to surge above the psychologically important mark of $6,000 in order to win back retail investors. Krüger compared the BTC trading volumes to a cemetery.

While Bitcoin is losing retail investors, more institutional investors are dipping their toes into cryptocurrencies. Mike Novogratz claimed that it would be a driving factor behind the next bull run.

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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