We are about to leave another week behind in the field of Bitcoin and altcoins. Although the developments to be experienced this weekend are overshadowed by the falling prices, there is important news in some projects. Here are the details…
The weekend will be important for 10 altcoins
- Vulcan Forged (PYR) is releasing a “revamped” version of My Forge today.
- Vulcan Forged (PYR) has made its first launch on the Elysium testnet.
- Flux (FLUX) will hold its State of the Union event today.
- Vulcan Forged (PYR) is also making many innovations in the marketplace today. There will also be a live question and answer event with the CEO of Vulcan Forged.
- Wizarre Scroll (SCRL) starts the Wizarre Closed Alpha testing process tomorrow.
- Luffy (LUFFY) has announced that he will make a major venture capitalist announcement.
- Kirobo (KIRO) will hold a question and answer event tomorrow.
- Crypto.com lists Cudos (CUDOS) and Highstreet (HIGH).
Latest situation in the market: The decline deepens
The landscape looked pretty bright for the primary cryptocurrency up until five days ago. At this point, it had skyrocketed above the two-month high of $25,200. However, he cannot stay there for long. It fell more than $1,000 shortly after the local top. Even though BTC has calmed down and stayed at this level for a day or two, the bears are back. Then the price fell again. The situation got worse yesterday when Bitcoin dropped to $22,000. BTC fell below $21,000 to record its lowest price position in nearly three weeks.
On the other hand, the last 24 hours have caused even more pain for the bulls. As of now, BTC is just over $21,000. Its market cap has managed to stay above $400 billion. Most of the altcoins followed BTC down yesterday, including the biggest one. ETH continued to lose value. Another 5.5 percent daily drop brought the crypto below $1,650. It is worth noting that the asset reached a 74-day high last weekend above $2,050.
Cardano is also on the decline, seeing a 3% drop on the day. As a result, ADA is struggling under $0.5. By contrast, Binance Coin, Solana, Dogecoin, Tron, and Avalanche are all in the green on a daily scale. Shiba Inu became the most healed coin in one day. It went up to $0.000014 with an increase of 5 percent. Most alt and mid-cap altcoins are facing small increases. Many suffer insignificant losses. The cumulative market cap of all crypto assets has lost as much as $20 billion as a result.
