After a long and dramatic week, it has finally ended on April 25, 2021. The week saw some very huge amount of difficulties and the currency that continued shocking the world was none other than Bitcoin (BTC).
Although the last week started off really nice for Bitcoin (BTC), the situation had taken a completely opposite turn by the end of it. This has many investors grinding their nails and hoping that Bitcoin (BTC) manages to retain its old glory. Even financial investment firms such as JPMorgan is currently on the hook as their investors have invested heavily in the digital asset.
On April 22, 2021, every Bitcoiner woke up with a bright sky and a promising outcome of Bitcoin prices. At the start of the day, Bitcoin demonstrated a price of $64k per BTC, but the situation had changed towards the end of the day.
At the time of writing, the market capitalization of BTC is $974.94 billion and its price is $51,982.87
As the day came to an end, the price of BTC went all the way down to $48k per BTC. Since then, BTC has been struggling to make it back to the $60k plus league and it seems to be making some progress.
On the other, Ether (ETH) is having the best ride of the year 2021 as its price is experiencing an all-time high. Even in the last week, Ether (ETH) experienced a slight slump before rebounding and hitting an all-time high again.
At the time of writing, the market capitalization of ETH is $282.08 billion and its price is $2,439.88.
Then there is Binance Coin (BNB) that is constantly experiencing a surge in its price and is set to achieve all-time highs in the coming weeks. One of the major factors behind BNB’s rally is the enlisting of Binance on the NASDAQ stock exchange.
At the time of writing, the market capitalization of Binance Coin (BNB) is $80.71 billion and its price is $524.35.
The next cryptocurrency in line is the former 3rd place holder in the top cryptocurrencies by market capitalization, XRP. The digital currency has been gaining a lot of momentum ever since its followers got the assurance that XRP is going nowhere.
Initially, XRP had lost its 3rd position in the top ten cryptocurrencies due to the US SEC, which filed a lawsuit against it back in December 2020. At that time, the market capitalization of XRP was above $130 billion, which Binance is still trying to hit.
As the lawsuit went on, XRP’s side started showing positive results and the SEC continued failing. Although the case is still ongoing at the court people know who has the ball in their court.
At the time of writing, the market capitalization of XRP is at $51.14 billion and its price is $1.11.