The price of bitcoin has fallen about 8% over the past seven days, but prices have started to improve during the mid-afternoon trading sessions on Friday. Today, bitcoin is trading at prices between $ 54,400 and $ 54,800 per unit and commands a market valuation of $ 1.02 trillion. The overall market capitalization of all more than 8,500 existing currencies is around $ 1.59 trillion on Saturday morning.
- Bitcoin (BTC) prices saw some improvement after the price dropped from $ 57,207 to $ 50,360 on Thursday. BTC today increased by more than 3%, but fell by 5% in the week of March 27, 2021. Bitcoin’s dominance among all other combined currency valuations is around 59.3%, while ethereum (ETH) captures 11%.
- Bitcoin is still above 16% in the month, 109% in the last three months and 763% against the dollar in the year.
- The main bitcoin (BTC) trading pair today is the tether (USDT), which commands 55% of crypto asset trading. This is followed by USD (16.85%), BUSD (5.92%), JPY (4.19%), EUR (3.84%) and the KRW (2.38%).
- This week, the cryptocurrency community was pleased to hear that Elon Musk revealed that the electric car company Tesla will now accept BTC for purchases. Zumo’s CEO, a digital wallet and payments platform, Nick Jones believes that more brands will join Tesla’s leadership.
- “We are delighted to see that Tesla is now accepting Bitcoin as a form of payment for its products,” explained Jones. “The increase in institutional investment and market support for these brands’ cryptocurrency is a key indicator not only of their long-term value, but of their contemporary relevance. Knowing that more than half of the UK’s cryptographers have purchased this currency in the past six months, I imagine that more brands will do the same, ”added the CEO of Zumo.
- At the time of publication, the second largest crypto asset by market capitalization, ethereum (ETH) was trading at $ 1,686 per unit and today it is over 3%. Behind ETH is the tether and, in fourth market position, the binance currency (BNB) is trading for $ 254, up 2.5% in the past 24 hours.
- Bitcoin cash (BCH) is in the 11th position in the market today and exchanging hands for $ 495 for BCH. The crypto asset is up 0.64% today, down 6% in the week, up 0.21% in the last 30 days and over 48% in the last three months.
- The two biggest winners today include chatcoin (CHAT) and stakenet (XSN). The two biggest losers on Saturday morning include selfkey (KEY) and cortex (CTXC).
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What do you think of all the action on the market this week, as cryptographers head to the weekend’s trading sessions? Let us know what you think about this subject in the comments section below.
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