Bitcoin (BTC) Shows Unprecedented Level of Stability During the Weekend

Mon, 03/25/2019 - 07:04
Alex Dovbnya
💪👀Is Bitcoin becoming a stablecoin?
Cover image via U.Today

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.

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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.

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The 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.


About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at

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