Bitcoin Loses Ground
Bitcoin has fallen below the $10,200 mark, a decline of approximately 3% within the past 24 hours. The cryptocurrency briefly dropped to $9,765 before stabilizing around its current level. Bitcoin has witnessed a weekly decrease of nearly 14%, but its monthly performance remains positive with a gain of 6.73%.
Ether Follows Suit
Ether, the second-largest cryptocurrency by market capitalization, also experienced a drop, mirroring Bitcoin’s decline. After starting the day at $182.96, Ether underwent a gradual and erratic descent throughout the day. It has lost over 14% on the weekly chart and 11% on the monthly chart.
XRP Bucks the Trend
In contrast to the market trend, XRP is trading in the green at approximately $0.263, indicating a gain of 0.46% over the past day. Notably, XRP witnessed an uptick to $0.267 earlier today. On its weekly and monthly charts, however, XRP has declined by 11.43% and 14.24%, respectively.
Altcoins Show Mixed Performance
- Cardano (ADA): Gaining value on the day
- UNUS SED LEO (LEO): Showing gains
- Chainlink (LINK): Reporting a positive change
- IOTA (MIOTA): Experiencing a rise in value
Industry News
Bitcoin SV Developments
Synfonaut, a blockchain developer and creator of the Open Directory, has launched Office Hours, a consulting service that provides experienced Bitcoin SV developers to assist with Bitcoin SV projects.
Crypto Lending Dividends
Nexo, a crypto lending company, has distributed $2,409,574.87 in dividends to its token holders, achieving an annualized dividend yield of 12%.
Real-Time Cryptocurrency Market Data
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial advice. Investing in cryptocurrency involves significant risk, and readers are strongly advised to conduct thorough research before making any investment decisions.