Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25%, ADA Shines During the Storm

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Digital currency markets have been bearish the last few days as prices have continued to plummet. On Sunday, the total market capitalization of all crypto assets in existence was down over 8% to $1.25 trillion. A crypto asset known as Bitcoin has fallen to today's low of $43,189 per unit from its all-time high (ATH) of $58,350 last Sunday. Bitcoin (BTC) prices have plunged -25.98% since last Sunday.

Bitcoin (BTC) prices have dropped -25.98% since last Sunday and today the crypto asset has touched a new low. At 10:48 in the morning, New York time, BTC prices touched a low of $43,189 per coin. BTC is down over 7% today but is still up 28% during the last 30 days and 122% for the last three months.
BTC dominance or the market valuation in comparison to the rest of the crypto economy’s valuations is around 61.23% today.

The second-largest crypto asset by market valuation is ethereum (ETH) which is swapping for $1,318 per coin on Sunday. ETH prices have dipped over 10% today and lost 31% during the last week.
Cardano (ADA) currently commands the third-largest market cap, and each ADA is exchanging hands for $1.20 per unit. ADA has been a coin that has notably outperformed other crypto assets during the last two days while most markets have been down. ADA is down 12% today but seven-day stats show cardano is up over 10%.
Cardano (ADA) is expected to upgrade on March 1, 2021, which introduces native token functionality to the Cardano network.
Meanwhile, tether (USDT) now holds the fourth position and behind it is binance coin (BNB) trading for $197 per coin. With a market capitalization of $8.97 billion, USDC stands as the eighth biggest crypto token in circulation, and stellar (XLM) holds the tenth top spot among the more than 8,400 crypto tokens in circulation. Behind BNB is polkadot (DOT) trading for a touch over $30 per DOT.

XRP has been pushed down to the seventh position and is down 10% today. Each XRP is trading for $0.39 per unit. Litecoin (LTC) is swapping for $155 a coin and is down a touch over 9% this weekend.

The stablecoin USDC that’s managed by the crypto firm Circle has made it into the top ten crypto market cap positions. Get started here.
Lastly, stellar (XLM) holds the tenth top position amongst the 8,000+ crypto tokens in existence. A single XLM is currently trading for $0.39 per unit and interestingly, is roughly the same value as XRP, as the Stellar network blockchain was designed in a similar fashion.

On Sunday, the total market capitalization of all crypto assets is down over 8% at $1.25 trillion. Check out markets.Bitcoin.com today!

The total market capitalization of the crypto economy is around 61.23% of Bitcoin's today.Bitstamp's BTC/USD chart on February 28, 2021. BTC is currently trading between $43,600 and $44,000 in the market. On Sunday, we are seeing ethereum (ETH) trading between $1,318 and $1,202 per coin.