After a highly volatile day in which BTC touched $60,000, the primary cryptocurrency has slipped to 58,000. The altcoin market is even more fluctuating, as Cardano has retraced following the latest gains and has lost its top three spot to Binance Coin.
Top Ten Rotations Continue; BNB Ahead of ADA
The past several days were quite volatile for the altcoin space. However, most larger-cap alternative coins have calmed on a 24-hour scale.
Ethereum, Polkadot, Ripple, UNI, Litecoin, and Chainlink have all displayed insignificant movements in either direction. As a result, ETH still holds above $1,800, DOT is just north of $36, XRP is over $0.47, UNI is shy of $31, LTC is above $200, and LINK stands at $30.
In contrast, Cardano has lost the most value since yesterday after a 10% drop. ADA was the most impressive gainer from the top ten in the past few days following news that Coinbase Pro listed the asset on its platform.
Furthermore, ADA even briefly surpassed Binance Coin as the third-largest cryptocurrency by market cap. Now, though, BNB has reclaimed its spot even after a 5% decrease to $260.
Cryptocurrency Market Overview. Source: Quantify CryptoSomewhat expectedly, the lower- and mid-cap altcoins have displayed increased fluctuation levels. Pundi X leads the way with a 50% surge in a day and 130% in a week to $0.005.
Harmony (40%), Siacoin (20%), Terra (18%), BitTorrent (17%), Helium (17%), THETA (16%), IOST (14%), Horizen (13%), Kusama (12%), and Curve DAO Token (11%) follow.
On the other hand, Filecoin (-10%), SwissBorg (-10%), THORChain (-7%), PancakeSwap (-7%), and Loopring (-6%) have lost the most value.
Bitcoin Struggles at $58K
The primary cryptocurrency …
Story continues on Crypto Potato

Related posts
BitcoinbtcusdBTCUSDTcryptocurrencyFederal ReserveM2stimulus

3 Charts Show Why Bitcoin Price is Poised to Explode Further Higher

Bitcoin looks poised to reach fresh price highs according to a flurry of crucial on-chain indicators. Analyst Willy Woo listed signals that showed an uptick in bitcoin trading activities across the US cryptocurrency exchanges. For instance, a metric that measures…
AA NewsBitcoinBithumbBTCEURBTCGBPbtcusdBTCUSDTCrypto Newsmorgan stanleySocialSouth Korea

Morgan Stanley Reportedly Planning to Buy a $440M Stake in Crypto Exchange Bithumb

Just a few days after news broke that Morgan Stanley will enable its institutional clients to buy bitcoin, the giant investment bank has reportedly started negotiations to purchase a stake in the largest South Korean cryptocurrency exchange – Bithumb.  According…
AA NewsCrypto NewsNon-Fungible Token (NFT)

NFT Marketplace OpenSea Gets Huge $23 Million VC Backing

They don’t come much bigger than Andreessen Horowitz, also known as A16z, which announced that it was leading a $23 million Series A round for OpenSea, a popular NFT marketplace. According to the announcement, angel investors Ron Conway, Mark Cuban,…