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


The digital currency markets have been bearish for the past few days as prices continued to fall. The total market capitalization of all existing crypto assets fell over 8% to $ 1.25 trillion on Sunday. Bitcoin has fallen from its all-time high (ATH) of $ 58,350 last Sunday to today’s low of $ 43,189 per unit.

  • Bitcoin (BTC) prices are down -25.98% since last Sunday, and today the crypto asset hit a new low. At 10:48 a.m., New York time, BTC prices hit a low of $ 43,189 per coin. BTC is down over 7% today but is still up 28% in the last 30 days and 122% in the last three months.
  • The BTC dominance or market valuation compared to the other valuations of the crypto economy is now 61.23%.

Bitstamp BTC / USD 3-minute interval chart on February 28, 2021. At the time of writing, BTC hands were trading at prices between $ 43,600 and just above the $ 44,000 value.

  • The second largest crypto asset by market valuation is Ethereum (ETH), which will be exchanged for USD 1,318 per coin on Sunday. ETH prices are down over 10% today and have lost 31% last week.
  • Cardano (ADA) currently has the third largest market cap, and each ADA trades hands for $ 1.20 per unit. ADA was a coin that has significantly outperformed other crypto assets in the past two days while most markets were in bearish. ADA is down 12% today, but the 7-day stats show Cardano is up over 10%.
  • Cardano (ADA) is expected to be updated on March 1, 2021, adding native token capabilities to the Cardano network.
  • Meanwhile, Tether (USDT) holds fourth place, followed by trading in Binance coins (BNB) for USD 197 per coin. The token created by Binance fell 11% on Sunday and 31% last week. BNB stands for Polkadot (DOT) for a touch over 30 USD per DOT.

Bearish outlook as Bitcoin's 7-day average drops 25%, ADA lights up during the stormBitstamp BTC / USD 4-hour candle chart on February 28, 2021.

  • XRP was pushed to seventh place and is down 10% today. Each XRP trades for $ 0.39 per unit. Litecoin (LTC) trades for $ 155 per coin and is down over 9% this weekend.
  • Managed by crypto firm Circle, USDC stablecoin has made it into the top ten crypto market cap positions. Currently, USDC is the eighth largest market valuation with $ 8.97 billion in circulation.
  • Finally, stellar (XLM) ranks tenth among the more than 8,000 existing crypto tokens. A single XLM is currently trading for $ 0.39 per unit and, interestingly, is roughly the value of XRP as the Stellar network blockchain was developed in a similar way.

Do you want to check all prices and market movements for crypto assets in real time? Check out the markets today.!

What do you think of all the market action on Sunday February 28th? Let us know what you think on this matter in the comments section below.

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25% loss, bearish, bearish markets, bears, bitcoin, bitcoin (BTC), bitcoin cash, bitcoin price, BTC, crypto assets, litecoin, lows, market lows, price drops, prices, tether, top ten, USDC

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