Bitcoin continues to gradually lose value, climbing just above $38,000. Most altcoins are losing even more blood. Its loss has intensified over the past 24 hours as Bitcoin plunged to $38,000. Altcoins are also deep in the red, Ethereum at $2,600, Cardano well below $1 and AVAX below $80. However, developments continue to occur in the cryptocurrency market. cryptocoin.com as, today, we are conveying the developments that will be experienced or have been experienced in 7 altcoin projects…
Today, pay attention to these altcoin projects: Here are the developments
Aside from the negative price movement in the Bitcoin and altcoin market, many developments continue to occur in various projects. You can see what will happen in the ecosystem of the market, which is also active at the weekend, in the list below:
- Stadium (STD) is launching its NFT marketplace.
- Filecoin (FIL) will hold the Orbit community meeting. The meeting will specifically include members from Uganda.
- Radio Caca (RACA) will attend a question and answer event hosted by CoinEx. The event will take place in Vietnam.
- SparkPoint (SRK) will announce new updates for the SparkNFT platform.
- BKEX listed Dopex (DPX) with Tether (USDT) pair at 10:00 am Turkey time.
- MEXC Global has opened Katana Inu (KATA) to voting for its new kickstarter project.
- MEXC Global has listed Sportium (SPRT).
Cryptocurrency market is bleeding
Meanwhile, the cryptocurrency markets are falling. On Tuesday and Wednesday, the cryptocurrency rebounded from its most recent drop to $42,000 and bounced back to around $45,000. However, it was unable to continue upwards as the bears started playing. Within hours, they pushed the asset south and BTC found itself struggling to stay above $40,000. Although it initially managed to hold this level, the bears continued to press and broke below this level for the first time since the beginning of February. In the following hours, the landscape got worse and Bitcoin dropped to just over $38,000, making it a new two-week low. Therefore, Bitcoin’s market cap has dropped to $725 billion after approaching $850 billion the day before.
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