The Daily Crypto: The market is rising again, but Bitcoin is lagging behind

by time news

Bitcoin (freepik photo)

The crypto market recorded a broad upward trend during Shabbat, when according to the website CoinGecko, which tracks the values ​​of more than 13,000 coins, it currently stands at $961 billion, which is a 1.5% increase compared to yesterday, although compared to the previous week it is A decrease of 0.3%.

Unusually, Bitcoin, the largest currency in the market, rose at a significantly lower rate than the entire market – in fact, less than half of the average rate of increase, only 0.6% per day. This mainly indicates how wide the increases were in the other currencies that managed to double (and almost triple) the average, even though Bitcoin alone controls more than a third of the market. Its current price is $19,224 and its market cap is $269 billion.

Ether, the second largest currency, showed a threefold increase – 1.8% per day, and also in the weekly range it is in a positive trend of 1.4% – to a price of 1,315 dollars per coin and a market value of 158.5 billion dollars.

Binance Coin, which rose towards the end of the week to fourth place while overtaking the dollar-linked currency USD Coin, although it fell on Saturday by a tenth of a percent, but still maintains the new place by a small margin, with a price of $269 per coin and a market value of $43 billion.

Ripple jumped on Saturday by 4.3% and reduced the weekly loss to 4.5% – although this is still one of the most significant weekly declines in the table. Its price is now 47 cents per coin and its market value is 23.5 billion dollars.

More in-

Cardano rose 2.2% on Saturday, but maintains a weekly decline of 4.6% with a price of 35 cents per coin and a market capitalization of 12.5 billion dollars.

Solana rose in the last day by 1.9%, but in the last week fell cumulatively by 6.7%, to a price of about $28 and a market value of about $10 billion.

And Dogecoin recorded gains of 1.2% in the day and 1.6% in the week, with its price still at the 6 cent mark and its market value still quite close to the 8 billion dollar mark (although from opposite directions).

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