Several Cryptocurrencies have fallen in the last day after Tesla CEO Elon Musk said prices are getting excessive. Bitcoin’s market value topped $1 trillion this past week. The market is down 9.65% in the past 24 hours.
The cryptocurrency market is starting to rebound in the past hour at the time of publish as investors look to “buy-the-dip”.
Coinbase, the cryptocurrency exchange, is planning to go public and could be valued at above $100 billion after its IPO.
In global cryptocurrency news, Financial conglomerate SBI Holdings announced it is discussing a cryptocurrency joint venture with foreign firms.
Here is a list of some of the top cryptocurrencies to watch and their performance from this past week by the percentage change at around 10 a.m. Monday, Feb. 22.
Bitcoin BTC | $53,750.00 | 1 Week Increased +10.44%
Bitcoin topped $1 trillion in market value this past week and pushed the cryptocurrency leader past $56,000.
Ethereum ETH | $1,755.42 | 1 Week Decreased -2.65%
Litecoin LTC | $205.56 | 1 Week Decreased -3.91%
Litecoin fell below $200 Monday morning but rebounded. TheStreet’s Bret Kenwell sees a low of $186 in play for this upcoming week.
Bitcoin Cash BCH | $621.96 | 1 Week Decreased -19.63%
OKCoin delisted Bitcoin Cash in an effort to not mislead investors looking to put money to work in Bitcoin, according to Coindesk.
Binance Coin | $265.46 | 1 Week Increased +94.59%
Binance is a cryptocurrency exchange and its coin increased in value to $40 billion in the past week. This ranks it below only Bitcoin and Ethereum among valuation
All cryptocurrency price performances are referenced and pulled from Coinbase.