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Sunday, Feb. 24 – The 20 largest crypto-currencies experienced a marked market reversal, reporting heavy losses in the 24 hours that followed the time of publication, after posting significant gains earlier in the year. day. Most of the sharp decline in the most important pieces occurred in less than half an hour.
Bitcoin (BTC) crossed the $ 4,150 mark again before falling back below $ 3,900 in press time, according to Coin360 data.
Visualization of the Coin360 market
According to CoinMarketCap data, Bitcoin is down more than 5% on the day, trading around $ 3,806, a 10% drop from the peak of $ 4,210 reached at midday. Looking at his weekly chart, the current price is slightly 5% lower at $ 3,632, the price at which Bitcoin started the week.
Bitcoin price chart over 7 days. Source: CoinMarketCap
CME Group's leading derivatives market tweeted On Feb. 21, the recent surge in Bitcoin prices earlier in the week led to record Bitcoin futures on Feb. 19, with more than 18,000 contracts traded.
Ethereum (ETH) maintains its position as the largest market capitalization company, with a market capitalization of more than $ 14.5 billion. The second largest altcoin, Ripple (XRP), has a market capitalization of about $ 12.4 billion.
ETH has suffered heavy losses, down nearly 9% in the past 24 hours, according to CoinMarketCap. At press time, the ETH is trading around $ 139, after starting the day at $ 148. The current price is about 16% lower than the maximum of 165 dollars recorded at midday.
In its weekly chart, Ethereum saw its value rise by almost 9% from $ 126, the price at which the coin started the week.
Ethereum price chart 7 days. Source: CoinMarketCap
Ripple has lost nearly 7% in 24 hours and is currently trading at around $ 0.301, down more than 12% from the $ 0.34 high earlier in the day.
On its weekly chart, the coin almost completely reversed its gains, up a fraction of a percent from the beginning of the week.
Price chart for 7 days of waving. Source: CoinMarketCap
Litecoin (LTC), cash bitcoin (BCH) and Ethereum Classic (ETC), which record the most notable losses, are among the top 20 currencies, with double-digit losses of around 10%.
The total market capitalization of all the crypto-currencies has peaked several months by nearly $ 144 billion earlier today, before clearing nearly $ 15 billion to reach $ 127 billion at the time of writing. the press.
Total market capitalization of all 7-day cryptographic charts. Source: CoinMarketCap
As Cointelegraph reports today, Liechtenstein-based Frick is launching a subsidiary of the cryptocurrency trading platform, DLT Markets.
Earlier this week, the news of the Russian State Duma (the lower chamber of the Federal Assembly of Russia) plans to revise and adopt a new regulation on cryptocurrency in March, and the former minister of the country's energy, Igor Yusufov, also offers cryptocurrency.
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