Over the weekend, Bitcoin once again sat below $23,000. It comes with very few significant moves from the crypto market. Most altcoins are also calm, with ADA being among the few exceptions after a 5 percent daily gain. There are various developments in altcoin projects. Here are the developments in the networks and stock market listings tomorrow…
Tomorrow, there are developments in 8 altcoin projects
- Flux (FLUX) and Avalanche (AVAX) will perform parallel asset distribution.
- LBank will list Fidlecoin (FIDLE) with USDT pair.
- Neloverse (NVE) will conduct a private sale transaction.
- LBank lists Cryptosine (CPS) with USDT pair.
- AAX lists My Universe (MYUNI) in USDT pair at 12 CET.
- Nest Protocol (NEST) will hold a question and answer event over Telegram. The event will take place between 15-16 CEST.
- WadzPay (WTK) is listed on Digifinex with USDT pair at TSI 16.
- Huobi Global lists DeFiChain (DFI) with USDT pair.
What is the latest situation in the market?
The last seven days have been pretty good for the primary cryptocurrency. The asset has recovered from the previous week’s drop below $19,000. It entered Monday at about $22,000. The bulls took control of the market and pushed BTC further north. This resulted in a price hike of just over $24,000 on Wednesday. This has been Bitcoin’s highest price tag in over a month.
However, the landscape changed when it became known that Tesla sold most of its BTC holdings in Q2 due to the COVID-19 lockdowns in China. Bitcoin reacted quickly. Within hours, it dropped to over $2,000. Yet he recovered. It was close to $23,000, where it spent most of its trading day yesterday. He is sitting there now. As such, its market cap is still well below $450 billion and its dominance over altcoins is 41.6 percent. Unlike the previous weekend, which saw impressive price performances from most altcoins, this time around, most are holding back.
Ethereum continues with its latest gains after a small one-day gain. Therefore, the second largest cryptocurrency has reclaimed $1,600. Ripple, Dogecoin, and MATIC are also slightly green. Cardano exhibited the most notable gains in larger cap altcoins, with a daily increase of 5 percent. As a result, ADA is trading at just over $0.5. In contrast, BNB, Solana, Dogecoin, Shiba Inu, and Avalanche are in red. Others are pretty stagnant on a daily scale as well. Therefore, it is not surprising that the cumulative market cap of all crypto assets remains calm at around $1,050 trillion.
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