Bitcoin (BTC) Shows Unprecedented Level of Stability During the Weekend
Bitcoin (BTC), the number one currency by market capitalization, experienced practically zero price movement over the weekend. During the last 24 hours, the BTC price had a minuscule upward move of 0.11 percent.
Playing dead during the weekend
As reported by U.Today, crypto trading analyst Luke Martin (better known as Venture Coinist) suggested that Bitcoin kept ‘playing dead’ during the weekdays and only displayed signs of life during the weekend. Case in point: the brutal carnage that happened on Sunday, Feb. 24, that tanked the BTC price back to the $3,800 level.
Many traders expected that the BTC price would make some moves during the weekend, but it wasn’t the case. In fact, Bitcoin, which constantly bashed because of its extreme volatility, was even more stablecoins than some stablecoins.
Yuri MolchanThe broader market
Speaking of the broader cryptocurrency market, it is worth mentioning that Cardano (ADA) firmly holds its tenth place on CMC after pushing Tron (TRX) out of the top 10 on Saturday. The 22 percent spike was triggered by the highly-anticipated Cardano 1.5 upgrade.
Meanwhile, Stellar (XLM) has ceded ground to Tether (USDT) once the IBM hype fizzled out. Binance Coin (BNB) was the biggest gainer of the day with a 12 percent price spike.
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U.Today Editorial Team
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