News - Bitcoin & co on stanby

By Mike Hesp

Bitcoin & co on stanby

It does not appear that the crypto market will experience a rally this weekend, as most cryptocurrencies start the trading day with losses. Bitcoin stands virtually unchanged from the previous day, trading around US$94,000. Mid-week, the BTC price dropped below the 100,000-mark again. Compared to last week, the leading cryptocurrency is down three percent.

Ethereum is down two percent to about US$3,300. On a weekly basis, the second-largest cryptocurrency is down five percent. XRP, which has since been ousted to fourth place by Tether's stablecoin USDT, is almost two percent in the red on a daily basis and is currently trading at US$2.3. Again, the one-week loss is five percent.

The BNB exchange rate fell slightly by 0.5 percent to US$693. In the last seven days, the coin on the crypto exchange Binance has lost about two percent. Solana is down 1.2 percent compared to the previous day, with the SOL price now at US$190. Over the week, the cryptocurrency has lost about nine percent.

Dogecoin fell 1.5 percent to US$0.33, trading 2.4 percent below last week's level. On the other hand, Cardano is up about 1.5 percent, bringing it to US$0.94. However, on a weekly basis, the cryptocurrency is down nearly nine percent.

Among the best-performing cryptocurrencies in the top 100 are ai16z (up ten percent), Sui (up eight percent) and Kaia (up six percent). The biggest price losses in the past 24 hours were at Raydium (down six percent), dogwifhat (down four percent) and Bittensor (down three percent).

Total market capitalization fell 2.2 percent in the last 24 hours and now stands at US$3.4 trillion.

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