Bitcoin maintained a second day of bullishness on Wednesday (25), pulling much of the cryptocurrency market along. An interesting indicator is that in the accumulated of seven days, the loss of BTC is already less than double digits, being 9.4%.
according to Coinmarketcap, Bitcoin (BTC) is up 3.37% and sells at $37,699.
In the span of a month, the top cryptocurrency on the market went from $51,956 to $33,184. But as Crypto.com CEO Kris Marszalek said a few days ago, “it may snow for a few days, but there will be no winter”.
Solo CK mining pool creator Con Kolivas also said on the social network that “maybe the slump is over. Buy it while you can.”
Kolivas gained relevance in the crypto market as three miners using his platform recently managed to add a block to the Bitcoin blockchain by themselves – a very unlikely feat that yielded more than 6 bitcoins for each lucky person.
The Bitcoin Price Index (IPB) is at BRL 207,888.
Longest path to altcoins
Among altcoins, the road to recovery is longer. Just note that the devaluation in the last seven days is close to or exceeds the 20% mark in several currencies: Ethereum (-19.24%), Cardano (-24.94%), Solana (-28.72%), Polkadot (-22.15%) and Shiba Inu (-21.48%).
But looking at the real-time scenario, the moment is optimistic. Ethereum (ETH) grows 2.8% and sells at $2,493.
Opera in other Binance Coin (+ 2.86%), Cardano (+ 1.46%), Solana (+ 3,72%), XRP (+ 4.05%), Polkadot (+ 3.05%), Avalanche (+ 8.8%).
Earth (MOON) I have left
Among the top ten cryptocurrencies on the market, only one is trading down at the moment: Terra (LUNA), which is down 3.47% and is selling at $63.32.
Already the strongest rise in the top 10 is from Dogecoin and the explanation is very simple: on Tuesday (25) businessman Elon Musk, CEO of Tesla, said he would eat a Happy McLanche on television if McDonald’s starts to accept Doge as means of payment.
Dogecoin (DOGE) trades up 9.23%. It is worth remembering that days ago the currency had a devaluation of 81% from its highest price in history (US$ 0.73) and seemed to be on the way to extinction.
It’s not Musk’s first attempt to boost the currency, nor the most forceful: on January 14, Tesla’s CEO announced that the company has started accepting Dogecoin as a form of payment for merchandising products.
While it is not yet possible to buy a Tesla car with the cryptocurrency, an ATV, a cowboy belt buckle and a “cyber whistle” are already on sale by Doge.