One week after setting a new price record, Bitcoin stopped moving at $ 48,000. Meanwhile, the price of Altcoins continues to rise.
to the the report The price of the largest digital currency reached a new historical record after the news of Tesla’s purchase of $ 1.5 billion worth of bitcoins, as well as the news that several large companies were interested in buying and accepting bitcoins. But in the last few days, the price of Bitcoin has fluctuated in the range of $ 48,000, giving the Altcoins the opportunity to take an upward trend.
The price of Ethereum, the largest gold coin in the digital currency market, is trading at around $ 1,840 today, which is almost the same as yesterday. Ethereum has grown by 15% in recent weeks.
In the last 24 hours, the price of Ripple has decreased by 2% to $ 0.61, the price of Cardano has decreased by 4.74% to $ 0.88 and the price of Pulkadat has decreased by 3.7% to $ 28.3.
But this daily return does not reflect the good performance of these currencies in recent weeks. All the major pennies on the market have grown significantly in recent weeks. This week, Ripple grew 44%, Cardano 37% and Polkadot 47%.
The other coins at the top of the table also performed slowly but positively. The highest weekly growth belongs to Binance coin; BNB prices have fallen 1 percent in the last 24 hours, but have risen 92 percent to $ 131 in recent weeks.
The price of Stellar fell by 3% in the last day and 48% increase in the last week, reaching $ 0.55.
In addition, the price of Litecoin increased by 8% yesterday and 49% last week, reaching $ 222. Chainlink also performed well, reaching $ 34, up 12 and 43 percent on the day and last week, respectively.
Dogecoin, the twelfth largest currency market in the $ 8.4 billion digital currency market, rose 19 percent last week to $ 0.066. The price of Dogecoin has risen sharply after the attention of a number of celebrities; The most prominent figure who has helped raise the price of this digital currency is Elon Musk.
The Chinese New Year and its 16-day holiday, which started yesterday, usually lower the price of digital currencies as Chinese investors sell some of their coins at this time of year. However, analysts believe that a large share of the market now belongs to Western institutional investors, and therefore, the Chinese New Year will not have much of an impact on the price of bitcoins and coins.