Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm

https://i2.wp.com/krakow3d.com/wp-content/uploads/2021/03/bearish-outlook-as-bitcoins-seven-day-average-sinks-25-ada-shines-during-the-storm.jpg?fit=768%2C432&ssl=1

Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm

Digital currency markets have been bearish in recent days as prices have continued to sink lower. The entire market capitalization of all the crypto assets in existence is down over 8% on Sunday at $1.25 trillion. Bitcoin has plummeted from its all-time high (ATH) of $58,350 last Sunday to today’s low of $43,189 per unit.


  • BTC is down over 7% today but is still up 28% during the last 30 days and 122% for the last three months.

  • Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the StormBitstamp BTC/USD 3-minute interval chart on February 28, 2021. At the time of publication, ETH prices have dipped over 10% today and lost 31% during the last week.

  • Cardano (ADA) currently commands the third-largest market cap, and each ADA has been a coin that has notably outperformed other crypto assets during the last two days while most markets have been down. ADA) is expected to binance coin (BNB) trading for $197 per coin. The Binance-created token is down 11% on Sunday and 31% for the last week. Behind polkadot (DOT) trading for a touch over $30 per DOT.


Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm
Bitstamp BTC/USD 4-hour candle chart on February 28, 2021.


  • XRP has been pushed down to the seventh position and is down 10% today. Each XRP is trading for $0.39 per unit. Litecoin (LTC) is swapping for $155 a coin and is down a touch over 9% this weekend.




  • The stablecoin USDC that’s managed by the crypto firm Circle has made it into the top ten crypto market cap positions. Currently, USDC is the eighth largest market valuation with $8.97 billion worth in circulation.

  • Lastly, stellar (XLM) holds the tenth top position amongst the 8,000+ crypto tokens in existence. A single XLM is currently trading for $0.39 per unit and interestingly, is roughly the same value as XRP, as the Stellar network blockchain was designed in a similar fashion.


Want to check out all the crypto asset prices and market movements in real-time? Check out markets.Krakow3d.com today!

What do you think about all the market action on Sunday, February 28? Let us know what you think about this subject in the comments section below.

Origina post from
https://krakow3d.com/news/bearish-outlook-as-bitcoins-seven-day-average-sinks-25-ada-shines-during-the-storm.html

Comments

Post a Comment

Popular posts from this blog

Watch CNBC Crypto World's exclusive interview with Bitcoin Foundation Chairman Brock Pierce

http://img.youtube.com/vi/BzNEMf_v2Sk/0.jpg https://www.youtube.com/watch?v=BzNEMf_v2Sk Bitcoin Foundation Chairman Brock Pierce sits down with CNBC Crypto World to discuss his outlook for crypto, 2024 campaign plans and more in an exclusive interview. Origina post from https://krakow3d.com/videos/watch-cnbc-crypto-worlds-exclusive-interview-with-bitcoin-foundation-chairman-brock-pierce.html
Read more

Microsoft CEO Satya Nadella Praises Metaverse ‘Sense of Presence,’ Calls It ‘Game-Changing’

Image
https://krakow3d.com/wp-content/uploads/2023/01/microsoft-ceo-satya-nadella-praises-metaverse-sense-of-presence-calls-it-game-changing.jpg Satya Nadella, CEO of Microsoft, has given his opinion about the metaverse and the impact that the tech might have in the future. In a conversation with Klaus Schwab, chairman of the World Economic Forum (WEF), Nadella stated that the sense of presence achieved while interacting using metaverse tech is “game-changing.” Microsoft’s Satya Nadella Talks Metaverse Benefits Satya Nadella, CEO of tech giant Microsoft, has declared his support for the metaverse, citing its potential to bring people together compared to other less interactive technologies. In a conversation with Klaus Shwab, chairman of the World Economic Forum (WEF), held as part of the Davos 2023 meetings, Nadella praised the benefits that using this tech brings. Nadella stated: For me, the thing that is most game-changing for this particular technology is the sense of p...
Read more

Brazilian Companies Break Crypto Purchasing Records Again in October

Image
https://krakow3d.com/wp-content/uploads/2022/12/brazilian-companies-break-crypto-purchasing-records-again-in-october.jpg According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during October, a new record that overturns the 40,161 that declared having purchased crypto during September. Brazilian Companies Purchase Crypto in Waves More and more companies are introducing crypto as part of their treasuries in Brazil. According to the last data issued by the Brazilian tax authority (RBF), which is empowered by law to receive crypto purchasing statements from taxpayers, almost 42,000 companies bought some kind of cryptocurrency during October. These 41,817 companies that purchased crypto broke the previous record number registered in September when 40,161 institutions also broke the previous record. However, t...
Read more