latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Privacy Coins Soar as Bitcoin Dipped Below $35K (Weekend Watch)

Privacy Coins Soar as Bitcoin Dipped Below $35K (Weekend Watch)
Bitcoin’s enhanced volatility resumed in the past 24 hours as the cryptocurrency fell to its lowest price level in five days beneath $35,000. Most alternative coins also experienced similar dips and increased BTC’s market dominance to above 43%.
Bitcoin Dipped Below $35K
After recovering from its most violent losses to $30,000, the primary cryptocurrency was riding high for a few consecutive days. The asset challenged $40,000 on a few occasions and even briefly jumped above it.
However, the bears didn’t allow any further increases and rejected every attempt. CryptoPotato reported yesterday the latest one, after which bitcoin fell by a few thousand dollars somewhat rapidly.
The situation worsened in the following hours as BTC continued to lose USD value. This resulted in a price slump to a five-day low beneath $35,000 (on Bitstamp).
Nevertheless, the bulls stepped up at that moment and pushed bitcoin upwards to its current position of around $37,000.
Although BTC’s market capitalization remains below $700 billion, its dominance has increased to above 43%.
BTCUSD . Source: TradingView
Privacy Coins Surging
Most of the alternative coins also struggled in the past 24 hours similarly to their leader. Ethereum dipped to around $2,300 but has added roughly $200 since then and currently stands above $2,500.
Binance Coin also fell to just over $310 but has increased to over $340. The rest of the larger-cap alts performed similarly, but on a 24-hour scale, most are slightly in green. This includes ADA (1%), XRP (2.7%), UNI (5%), BCH (4%), LINK (1.5%), and LTC (3.5%).
Cryptocurrency Market Overview. Source: Quantify Crypto
Interestingly, the so-called privacy coins have surged significantly more in the past 24 hours. Monero (XMR) is up by 25% and is nearing $300. Zcash (ZEC) has surged by roughly 30% to $180, DASH (13%) is well above $200, and Horizen (ZEN) has spiked by 21% to $115.
Despite the fluctuations in the past 24 hours, the cumulative market capitalization of all cryptocurrency assets has remained above $1.6 trillion. shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Privacy Coins Soar as Bitcoin Dipped Below $35K (Weekend Watch)

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News