Bitcoin Trading Below $4,000 Amidst Bearish Crypto Market

The 24-hour Bitcoin (BTC) price has remained relatively stable trading above $4,000 level for a few consecutive days, but it has failed to hit the key resistance level at $4,200. At press time BTC/USD is trading at $3,962, with a market cap of $69.787 billion and the dominance of 50.9%.

Great Opportunities for Wider Crypto Market

Some other tokens, including Tezos (XTZ), Ravencoin (RVN), BitShares (BTS), Maximine Coin (MXM) registered massive gains ranging between 5% – 30% before another decrease. At press time XTZ is trading at $0.663 (-7.21% 24h), RVN is at $0.049342 (-15.37%), BTS is changing hands at $0.057145 (-6.98%) and MXM is trading at $ $0.096781 (-1.36), according to the data by coinmarketcap.   

If the BTC price continues surging in the future above the key $4,000 level, some crypto traders see tokens showing considerable gains.   

Last months, many digital currencies including Cardano (ADA), Litecoin (LTC) and Binance Coin (BNB), together with other small coins, have surpassed Bitcoin by a very big margin. The big upside price shift of LTC is purported to have happened because of the successful integration of different privacy features into the LTC blockchain network by its developer. 

Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.

I am now focused on making Litecoin more fungible by adding Confidential Transactions.
— Charlie Lee [LTC] (@SatoshiLite) January 28, 2019

 

Also, ADA, which recently released its 1.5 mainnet, soared from $.0401 to $0.063 which is over 55%. The surge in the price of ADA may be due to the recent open-source integration of Stellar Lumens (XLM).   

BNB Continues to Surge   

In addition, after the announcement of the Binance team on the BNB Launchpad coin sale format, the price of BNB surged close to 13%.

Update to the #Binance Launchpad Token Sale Formathttps://t.co/rDU7SvspXM
— Binance (@binance) March 24, 2019

 

The team later said that investors on the BNB Launchpad are going to be considered first based on the amount of Binance they own. 

ETH/USD and XRP/USD 24h   

The current price of Ethereum (ETH) – the second largest crypto by market cap (MC) - is at $134.42 (-1.34% 24h), the MC is at $14.16 billion. Its daily trading volume is at $4.8 billion, which is $6 billion below that of Bitcoin – the leading crypto by MC.   

Ripple (XRP) is trading at $0.300625 (-1.94%) with an MC of $12.53 billion and a daily volume of $820.83 million.