Bitcoin entered the top 3 most unprofitable assets at the end of the 3rd quarter. The Ministry of Energy of the Russian Federation is thinking about increasing tariffs for miners. Crypto exchange Binance has launched a copy trading function. Read about these and other events in the cryptocurrency market in the weekly BeInCrypto review.
Dynamics of leading cryptocurrencies
At the end of the past week, coins included in the top 10 largest cryptocurrencies by market capitalization unanimously showed negative dynamics. The main cryptocurrency of the world bitcoin (BTC) ends this seven-day session down about 3.6% intraweekly at $26,900. Last week, the price failed to close above $28,000, which technical analysts at BeInCrypto say is a key barrier to further gains. to the next resistance level of $30,500. In the third quarter, Bitcoin entered the top 3 most unprofitable assets. It lost 11.1% of its value. Blockchain native coin rate Ethereum (ETH) weakened a little more than BTC at the end of the week. It fell 4.16% to $1,557. Now the price is directly in the area of the decisive support area, BeInCrypto analysts warn. The weekly closing price relative to this level can set the direction for the further trend. This week, the Ethereum Foundation sold approximately $2.76 million worth of tokens, exchanging ETH for the USDC stablecoin. The fund did not comment on the sale, but ETH reacted to the news with a decline. Read more on the topic: What’s wrong with Ethereum and why investors are waiting for ETH to fall. In addition, one of the first Ethereum advisors supported the project’s accusations of fraud and ties to China. The token suffered the biggest losses among the top 10 largest cryptocurrencies Ripple (XRP). It lost 6.5% in 7 days, falling to the area of $0.4876 at the time of writing. BeInCrypto recently reported that this week the world’s largest cryptocurrency exchange, Binance, announced the delisting of its XRP/BUSD liquidity pools, and the Ripple network recorded its lowest level of transaction activity in 2023. Source: Coinmarketcap
The Bitcoin exchange rate in rubles exceeds 2,600,000.
Follow the current prices and movements of crypto assets in our cryptocurrency calculator.
Crypto industry news in Russia
In other news of the week on the cryptocurrency market
Also watch the latest cryptocurrency news, video reviews, collections of useful tips, guides and interviews on YouTube channel BeInCrypto.
Disclaimer
All information contained on our website is published on the principles of good faith and objectivity, and for informational purposes only. The reader bears full responsibility for any actions he takes on the basis of the information received on our website.
2023-10-15 17:16:35
#happened #cryptocurrency #market #week #October
