Bitcoin Price Stable As Altcon Lead

Bitcoin Price Stable As Altcon Lead

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Bitcoin

The price of Bitcoin (BTC) held steady around the price level of USD 40,000 or around Rp. 572.6 million from Friday, to Saturday. Meanwhile, several alternative cryptocurrencies (Altcoins) are in the lead

Altcoin

Altcoins’ gains over the past few days suggest a greater risk appetite among crypto traders. BTC and Ethereum (ETH) are up 2 percent over the past 24 hours, compared to the 20 percent rally seen on PancakeSwap (CAKE).

NFT

However, there were some surprising things, especially on ApeCoin, tokens linked to the recently launched NFT Bored Ape Yacht Club (BAYC) collection, fell by as much as 80 percent on Friday.

Despite the occasional rallies and crashes, it appears that major (large market cap) cryptocurrencies like BTC and ETH have stabilized after the last few turbulent days.

Global stocks were also higher, particularly in Asia, after the Chinese government pledged support for its stock markets on Wednesday. Some analysts expect China’s central bank to keep interest rates low this year, which could keep the economy afloat despite rising COVID-19 cases and geopolitical woes.

On the macro front, analysts expect limited gains for the US dollar, which could have a positive effect for Bitcoin in the short term.

“The US dollar has appreciated since Russia began its invasion of Ukraine, which is not surprising given that the greenback has a track record of appreciating in response to geopolitical events,” global investment research firm MRB Partners said in a report.

Cripto Price Saturday Morning 19 March 2022

Bitcoin Price Stable As Altcon Lead

Previously, towards the end of the third week of March 2022, the price of Bitcoin and the top-tier crypto looked to experience a compact price movement. The majority of the top-tier cryptocurrencies are still firmly in the green, as of Saturday morning, March 19, 2022.

Based on data from Coinmarketcap, Saturday morning, the cryptocurrency with the largest market cap, Bitcoin (BTC) was up 1.92 percent in the last 24 hours and 7.20 percent in the week.

Currently, the price of bitcoin is at the level of USD 41,719.60 per coin or equivalent to IDR 598.3 million (assuming an exchange rate of IDR 14,342 per US dollar).

Ethereum (ETH) as the largest crypto is also still strengthening. In the last 24 hours, ETH was up 4.66 percent and 14.43 percent in the week. That way, ETH is currently at the level of USD 2,945.25 per coin.

The next cryptocurrency, Binance coin (BNB) this morning is also still strengthening. In the last 24 hours BNB rose 1.54 percent and 6.22 percent. This makes BNB priced at USD 396.22 per coin.

Then Cardano (ADA) is still up in the last day 1.81 percent and 7.36 percent in the week. Thus, ADA is at USD 0.8521 per coin.

Meanwhile, Solana (SOL) is still strong, gaining 1.37 percent in the last one day and 10.51 percent in the week. Currently, the price of SOL is at the level of USD 89.67 per coin.

XRP sadly had to weaken in the last one day 0.16 percent, but is still up 0.53 percent in the week. That way, XRP is now priced at USD 0.7962 per coin.

Terra (LUNA) is also still weak since yesterday, in the last 24 hours, Terra weakened 1.52 percent and 5.12 percent in a week. Currently LUNA is priced at USD 85.97 per coin.

Stablecoins such as Tether (USDT) and USD coin (USDC), both experienced different movements this morning, USDT strengthened 0.01 percent to bring the price to the level of USD 1.00.

Meanwhile, USDC should be down 0.01 percent in the past day which keeps the price per coin currently at USD 0.9998.

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