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01 March 2021

Bitcoin, Ether, Major Altcoins – Weekly Market Update February 22, 2021

Bitcoin, Ether, Major Altcoins – Weekly Market Update February 22, 2021


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Bitcoin, Ether, Major Altcoins - Weekly Market Update February 22, 2021.

The top 10 coins were mostly in red for the same time period with Chainlink (LINK) and Bitcoin Cash (BCH) losing 10.4 and 12.6 percent while Binance Coin (BNB) added 116 percent to its value.

By the time of writing bitcoin (BTC) is trading at $53,877, ether (ETH) is at $1,785.

Bitcoin closed the previous trading week with a 25 percent of price increase.

The second day of the week came with another attempt to break the mentioned diagonal resistance.

The last day of the workweek came with another big step up for BTC, which resulted in yet another 8.6 percent of increase and the new highest point of trading versus USDT -$56,384.

It ended the seven-day period at $1,802 or 11.5 percent up compared to where it was the same time a week ago.

Still, the coin managed to recover during the second part of the trading day and used the $1,775 level as support to close the daily candle at $1,780.

The third day of the workweek came with another run to $1,850.

BNB captured the third spot on CoinGecko’s Top 100 list after it added another 116 percent to its valuation last week.

It peaked at $0.272 on Saturday, February 20 and as of the time of writing is trading at $0.17 against USDT on Binance:

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btcmanager.com
Market data feeds provided by cryptocompare.com
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