Bitcoin (BTC) is currently trading at $ 3,867.22 with a slight price increase of 0.22 percent in the last 24 hours.
The cryptocurrency market has demonstrated an impressive level of stability - most of the top 10 coins remain in the green zone, but with a slight increase in prices. Binance Coin (BNB) turned out to be the most effective asset out of the package, its price increased by 4.52 percent at the time of this writing.
A tumultuous start leads to a stable week.
The last week of February began with a serious correction, due to which the total market capitalization lost a whopping 13 billion dollars in a matter of hours. Bitcoin (BTC), the flagship cryptocurrency, hit the price sharply, falling below $ 4,000. Naturally, the main altcoins followed suit, recording losses with a double-digit number.
The Coinbase XRP listing news triggered a price increase again (XRP rose sharply by 10%), but the effect was not long-term. Now the market remains in limbo (BTC - $ 3868.61, ETH - $ 139.38, XRP - $ 0.31). The BNB, which currently costs $ 9.97, is the only coin that has made a significant move.
Stability is not necessarily a good thing, because, according to crypto-trader Alex Kruger, BTC must rise above the psychologically important mark of $ 6,000 to return retail investors. Kruger compared the BTC trade volumes to a cemetery.
While Bitcoin is losing retail investors, more and more institutional investors are plunging into cryptocurrencies. Mike Novograc said that this would be a driving factor for the next bull race.
