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Bitcoin weekend trading is stable, with the price maintaining at the $43,000 level

Bitcoin weekend trading is stable, with the price maintaining at the $43,000 level

2024/02/04 12:17
BTC-0.10%SOL+0.26%DOT+4.47%

According to CryptoPotato, Bitcoin saw little price fluctuation throughout the weekend, maintaining at the $43,000 level. Other cryptocurrencies such as ADA, DOT, LINK, MATIC, and SOL also showed relatively stable trends with slight declines. Following the significant drop after the ETF approval, Bitcoin fell to a low of $38,500 and quickly rebounded to $40,000. This Monday, Bitcoin started to climb and rose to $44,000 on Tuesday and Wednesday. However, with the Federal Reserve Chairman indicating no changes in monetary policy for central banks on Thursday, Bitcoin dropped to $42 000. On Friday, Bitcoin recovered but failed to break through $43 000. Since then it has remained stable around this level. Currently valued slightly above $840 billion in market capitalization with a market share of 51.2% on CoinMarketCap.

Over the past week other cryptocurrencies have shown relatively stable performance with slight declines in SOL,MATIC ,ADA,and DOT . Meanwhile currencies like ETH,SOL ,ADA ,TRX,and DOT had minimal gains . Over the past seven days Chainlink stood out with an increase of 22%, currently trading close to$18 per LINK.Other notable performing cryptocurrencies include FLR (up by36%), PENDLE(up by21%)and PYTH(up by17%). Conversely,JUP experienced the largest decline(65%), followed by MANTA(downby25%),1000SATS(downby18%),BONK(downby17%)and LDO(downby13%).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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