Crypto Market Roundup: Bitcoin, Others Trade Sideways

Aside from Bitcoin, the leading crypto asset, major altcoins have maintained quite some stability. BTC has continued to tear down in a relatively narrow margin in the past few days. The asset has swung down from an initial high at $34k at the start of the week to a value below the  $32k mark. 

Source: Bybit

Crypto analysts are predicting a huge market move as top altcoins remain within previous ranges, only observing slight changes. Ethereum slightly swung up yesterday but swerved down again by 2.48 percent today. The second leading digital asset is at a value below $1,900 today. 

Binance Coin (BNB) declined by 2.36 percent on Coin Market Cap with a value at $302. Cardano went down by three percent and XRP by 1.8 percent. Meme-token Dogecoin was quite bruised with a low swing of 7 percent and Polkadot by 6.8 percent. 

On the more optimistic side, Stellar Lumens, Waves, Cosmos, and a handful of other altcoins are considered to be the top gainers in the cryptocurrency market. Bitcoin’s dominance remains at 46.19 percent over other altcoins. 

Twitter’s Jack Dorsey Boosts Bitcoin 

Twitter’s Chief Executive Officer and Bitcoin proponent Jack Dorsey is especially endorsing the digital asset. He recently announced that Square, a company of his, would be developing an integration into decentralized finance and Bitcoin would be a huge part of it.

Square earlier contributed to Bitcoin by developing a hardware wallet. However, its newer adventure would be “focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.” 

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