Bitcoin (BTC) has seen some fascinating price movements recently. The current price of $43,900 represents a significant improvement from early 2023, when it started below the $20,000 mark. After a few days of huge increases in Bitcoin, the price has now cooled down a bit. This is actually nothing more than normal, but the big question now is how long this period will last. In any case, altcoins are eagerly benefiting from this.
Bitcoin price paused
After Bitcoin peaked at nearly $44,500 on Friday evening, BTC price had to take a small step back. But this regression was not big, as the price did not fall below $43,500. This point was reached around midnight.
The price then began to rise slightly again towards $44,000. At the time of writing, we are approaching that price point with a price tag of $43,900. Compared to the last 24 hours, Bitcoin is down 0.66%.
The Bitcoin price for the last 24 hours. – Source: CoinMarketCap
Cardano: Star in the spotlight
Cardano (ADA) has been one of the absolute stars of the crypto market for a few days now, trading at an impressive $0.584 on Bitvavo. Since Bitcoin price stabilized, several altcoins have seen huge increases. One of the most notable risers was Cardano. ADA is up an astronomical 49% in the last 7 days.
Ethereum (ETH), the second largest cryptocurrency, is currently trading at $2,350. Although there is a slight decrease of 1.20% compared to yesterday, the weekly performance remains strong with an increase of 8.66%.
Ripple (XRP) has seen a significant increase. After rising more than 7% this week, the price last reached around $0.69. XRP is currently trading at $0.66.
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