Market Roundup: Bitcoin Drifting Lower, Cardano at ATHs

2021-2-28 23:01

On Saturday, the crypto market floated in place, drifting down 0.26% in market capitalization at press time. Bitcoin and Ethereum sank slightly more than that. Cardano is still rising, and spent the day resting after an ATH in the morning.

Bitcoin drifts

The most famous coin changed rather little during the day. However, one piece of news might portend a change. Analytics firm Glassnode reports that for the first time since December, mining companies are saving more Bitcoin than selling it. However, the market has not digested this information yet, it seems.

Miners have stopped selling and started accumulating #Bitcoin

Yesterday was the first day since Dec, 27 when Miners Position change turned positive.

Miners were selling their bitcoins for two months.

Bullish. pic.twitter.com/S89iBcz4k3

— Lex Moskovski (@mskvsk) February 27, 2021 Ethereum

The second-ranked coin also drifted sideways during Saturday with the price hovering around the $1500 mark. Institutional investor interest news has not filtered through, yet. Market volume over the last 24 hours is down over 38%, however.

Cardano in #3

Cardano’s bull run kept moving upward today, as ADA took ATHs in both price and market cap. The coin hit a peak on Saturday of $1.48. Market capitalization was up over 14% at over $43 billion, and trading volume rose over 61% in the last 24 hours. 

Cardano’s #3 position by market cap comes as the end of a month-long fight for fourth place between ADA and DOT, with XRP, BNB and USDT also appearing as whatever coin was in third place eventually sank. However, with the Cardano run in place and a major platform upgrade occurring on Mar. 1, there is no indication of a change in ADA’s fortunes just yet. At least, as long as the upgrade goes smoothly.

DeFi-nately DeFi

As the fight for fourth place continues, Binance Coin (BNB) still has a lead over Polkadot (DOT) in terms of market cap, but the DeFi project is showing stronger coin performance at this time. Like Cardano, Polkadot and Stellar (XLM) are all seeing double-digit price growth on an otherwise lack-luster weekend day. 

The main reason for these platforms increasing is likely to be the cost of GAS on Ethereum. High transaction costs on Ethereum raised awareness of these platforms in the first place. Lower fees on these platforms increasingly attracts user attention, and with that, trader attention as well.

The post Market Roundup: Bitcoin Drifting Lower, Cardano at ATHs appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95282.86 (+0.31%)
Объем 24H $42.781b
Изменеия 24h: -1.89 %, 7d: -8.27 %
Cегодня L: $94782.14 - H: $95637.28
Капитализация $1886.584b Rank 1
Цена в час новости $ 44563.89 (113.81%)

bitcoin reports firm portend change analytics time

Источник: beincrypto.com

bitcoin reports → Результатов: 126


Фото:

Iran Completes Development of Rial-Supported National Cryptocurrency

Iran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports.

2018-11-11 04:15


Фото:

France Considers a Flat Capital Gains Tax for Bitcoin

The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital gains tax. 30% Flat Tax on Bitcoin Gains Reuters reports that the finance commission in the lower house of the French parliament has backed plans to ease taxation on bitcoin gains to flat 30 percent.

2018-11-10 02:00


VeChain introduces its Digital Carbon Platform while competition orchestrated a FUD against FunFair

China lifting the Bitcoin ban is fake news A couple of days ago we saw multiple reports come through claiming that China has lifted its infamous “Bitcoin ban”. The reports came out after Shenzhen Court of International Arbitration recognized Bitcoin as “a legal asset to be owned, transferred and utilized as a medium of payment […] The post VeChain introduces its Digital Carbon Platform while competition orchestrated a FUD against FunFair appeared first on CaptainAltcoin.

2018-11-10 22:59


Bitfury’s Billion Dollar Valuation Shows Bitcoin Mining Network’s Growth And Interest Is Climbing

Bitcoin Mining Market Continues To Draw Interest Despite Various Reports Suggesting Otherwise Even though the past couple of months have seen a host of news stories suggesting that the Bitcoin Mining industry has been losing traction globally, BTC mining equipment manufacturer, Bitfury, recently announced that it been successful in securing a valuation of $1 billion […]

2018-11-8 19:03


Фото:

Lads allegedly beat up their ‘friend’ to steal his Bitcoin

A cohort of young men have been accused of drunkenly assaulting their “friend” to extort the credentials to his cryptocurrency wallet, the New York Post reports. According to the report, the attackers demanded the victim “provide […] login information for his cryptocurrency accounts while holding his head underwater in the bathtub, punching him in the stomach, and throwing hot wax on him.

2018-11-7 16:56


“Elon Musk” Crypto Scam May Have Snagged Dozens Of Bitcoin (BTC)

“Elon Musk” Strikes Again, Bitcoin Scam Ensues After Twitter reportedly restricted (and banned) many of the accounts sharing the likeness of Tesla & SpaceX CEO Elon Musk, one of the social media platform’s foremost stars, reports have arisen that claim that the world-renowned entrepreneur has been impersonated yet again, this time in a context pertaining […] The post “Elon Musk” Crypto Scam May Have Snagged Dozens Of Bitcoin (BTC) appeared first on Ethereum World News.

2018-11-7 07:48


Фото:

Tokyo travelers can now rent a limousine with Bitcoin

Tokyo has taken another step towards cryptocurrency “mass adoption,” and will be giving high-rollers another place to spend their hodlings. The Hinomaru Limousine company claims it will be giving passengers the opportunity to pay for their travel – between the Japanese capital and the city’s two major airports – in digital currencies, Bloomberg reports.

2018-11-5 14:20


Фото:

Brazil’s Tax Authority Goes After Cryptocurrency Profits

Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to […] The post Brazil’s Tax Authority Goes After Cryptocurrency Profits appeared first on Bitcoin News.

2018-11-3 13:00


Bitcoin’s Energy Consumption To Disrupt the Planet if Not Controlled On Time- Reports

There has been a debate in some quarters if cryptocurrency mining and activities could actually lead to global warming? Irrespective of the fear of locals and some governments with regards to cryptocurrency mining activities, a lot of concentration had been given to Bitcoin mining and activities as a result of its price which is presently […] The post Bitcoin’s Energy Consumption To Disrupt the Planet if Not Controlled On Time- Reports appeared first on ZyCrypto.

2018-10-30 14:27


Фото:

UK Fintech Industry Slams Govt’s ‘Blunt Instrument Approach’ To Cryptocurrency

The UK could compromise its fintech sector with “very blunt instrument” regulation currently under consideration, a new report from several industry entities warns. ‘Ashamedly Geared Around Bitcoin’ As local news outlet the Telegraph reports October 29, the report criticizes plans to award more power to regulator the Financial Conduct Authority (FCA) and says treating all cryptoassets in the same way as Bitcoin was counterproductive.

2018-10-29 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

2 reasons why Bitcoin and other crypto just crashed

It was a sea of red in the crypto industry as Bitcoin price dropped below $100,000 briefly and the crypto fear and greed index moved from the extreme greed zone of 88 to 69. So, why did crypto crash this…

Exodus Movement reports more Bitcoin holdings, eyes NYSE uplisting

Exodus Movement announced updated figures for its digital asset holdings and swap volume as Bitcoin surpassed the $100,000 milestone. According to a note sent to crypto. news, the company disclosed preliminary financial data for the fourth quarter of 2024, reflecting…