Cardano adds 5% to its value and returns to seventh place, and Bitcoin is still stable above $46,000
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Answer Cardano adds 5% to its value and returns to seventh place, and Bitcoin is still stable above $46,000
Bitcoin fell below the $47,000 level and failed to maintain this level, but it remained at the $46,000 level and was still consolidating within its range.
Currently most of the cryptocurrencies are abnormally stable, with the exception of Cardano which has charted an impressive daily increase and is back in the top seven cryptocurrencies by market capitalization.
Bitcoin maintains the level of 46 thousand dollars:
It was exactly a week ago when Bitcoin started to make a significant advance, rising from under $45,000 to under $48,000.
One day later, the price of the coin jumped and drew its highest price in three months.Read:Will Bitcoin price follow the “Stock-to-Flow” model and reach $135,000 by December?
Bitcoin failed to continue rising and remained fluctuating in the $47,000-$48,000 range for a few days.
The situation changed late last Thursday and early Friday when Bitcoin sank to a multi-day low of $44,000.
But the bulls took over again and pushed Bitcoin north.
Within hours, the cryptocurrency recovered most of the losses and approached $47,000 again.
After another short bounce in the past 24 hours, bitcoin rallied above that specific level, but bears intercepted the move and drove it south.
Now at press time, Bitcoin is worth just over $46,000, and its market cap has remained under $900 billion.
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ADA coin and back up:
Most of the altcoin space has calmed down after the recent price turmoil.
Ethereum hit a three-month high a few days ago above $3,500 and has been around that level ever since.Read:Unknown actors attack 51% of the Vertcoin network
Binance, Dogecoin, and Sheba are shown in green
On the other hand, Solana, Terra, Ripple and Polkadot recorded a slight decrease in prices.
Cardano is the biggest winner among the top 10 digital assets with a daily increase of nearly 4%.
Cardano is trading above $1.2 and has become the seventh largest cryptocurrency by total market capitalization.
Currently, the market capitalization of cryptocurrencies is still near $2.150 trillion.
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