The Bitcoin and altcoin market has been severely eroded as Bitcoin (BTC) struggles to stay above $20,000. However, innovations continue to occur in various altcoin projects. Here are the details…
Important day for these 10 altcoins
- TriasLab (TRIAS) will launch joint mining service with Mdex (MDX).
- BitMart lists xPECTAR (XSPECTAR) in USDT pair at CET 18.
- BKEX listed Terran Coin (TRR) with USDT pair at 9 CET.
- Celer Network (CELR) will hold a question and answer event on Telegram. The start of the event will coincide with the night hours.
- Koinbazar lists Ethereum Classic (ETC) at 14.30 CET with Bitcoin (BTC), Ethereum (ETH), INR and USDT pair.
- Beefy.Finance (BIFI) will hold a question and answer event on Discord. The event will start at 20 CEST.
- Stacks (STX) will hold the SIP community meeting.
- ProBit Global lists Prime Numbers (PRNT) in USDT pair at 11 CET.
- Gangster Legends Cash (CASH) will implement Gangster Legends 2.0 IGO. Thus, the minting process for Eva NFTs will start at 14 CEST.
- KuCoin lists ICON (ICX) with USDT and ETH pairs at TSI 13.
What is the latest situation in the market?
So far, Bitcoin has remained above $20,000. Despite the huge volatility following the Fed’s statement, ETH is also above $1,000. The last 24 hours have brought more price volatility to the cryptocurrency market, especially after the US Federal Reserve announced its highest rate hike since 1994. However, altcoins have been doing well on a daily scale, while Bitcoin has managed to stay above $20,000.
Last Friday, it didn’t go well for the primary cryptocurrency. As Cryptokoin.com has previously reported, there was a depreciation last week, after the US CPI figures indicated the highest inflation in nearly 40 years. The weekend and the beginning of this week brought even more negative price movements. In this case, BTC found itself falling to $21,000, its lowest price position in a year and a half.
Bitcoin is changing hands around $21,000, up 3.3 percent at the time of writing. BTC, the largest cryptocurrency with its market value, was struggling to stay above $20,000 in the morning. Meanwhile, altcoins have fallen as hard as BTC recently. But on a 24-hour scale, the landscape is now all green. ETH was also close to breaking below $1,000. It didn’t happen, though, and has since added more than 10 percent in value. As a result, the second largest crypto is now trading around $1,100. Most of the larger altcoins are now seeing similar gains. Most of the coins like SOL, ADA, BNB are on the rise, albeit slightly.
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