Cryptocurrency price today: Bitcoin survives weekend volatility above $51,000, Ether hits $3,000

The overall cryptocurrency price chart for Monday, February 26 reflects the market instability. Bitcoin posted a loss of 0.25% on Monday, with its trading value currently at $51,490 (around Rs. 42.6 lakh). Interestingly, Bitcoin price increased by $473 (around Rs. 39,200) over the weekend. Bitcoin fanatics were waiting for the asset to cross the $53,000 (around Rs. 43.9 lakh) resistance. However, Bitcoin has failed to cross the finish line over the past two weeks.

“Bitcoin has been experiencing consolidation in recent weeks. A breakout above this level would soon push the price of the largest cryptocurrency up to $60,000 (around Rs. 49.7 lakh),” Shivam Thakral, CEO of BuyUcoin, told Gadgets360.

A lot of cryptocurrencies are trading at a loss on Monday. These include Bind, Solana, Ripple, Cardano, Dogemoneta, TronAND Chain shirt.

Uniswap, Litecoin, Close to the protocol, Leo, ElrondAND Bitcoin SV it also reported losses on Monday.

The overall cryptocurrency market capitalization fell by 0.67% in the last 24 hours. At the time of writing, the industry valuation stood at $1.99 trillion (around Rs 1,64,94,960 crore) – as shown CoinMarketCap. BTC’s dominance of this market cap is currently 50.7%, while ETH’s dominance has reached 18.7%.

Ether performed better than Bitcoin on the price chart on Monday. Having earned a profit of 2.05%, the asset is trading at $3,004 (around Rs. 2.49 lakh). This is the second time in the last few days that ETH has crossed the $3,000 mark (around Rs. 2.48 lakh).

“Ethereum sustains a robust uptrend despite bearish attempts near $3,000, supported by an ascending 20-day EMA and an overbought RSI. A drop below the 50-SMA could signal a weakening of buyers’ resolve, potentially leading to a further decline,” Rajagopal Menon, vice president at WazirX, told Gadgets360.

Cryptocurrency trading in profits on Monday includes Binance coin, Currency in USD, Avalanche, Polka dot, PolygonAND Shiba Inu.

Cosmos, Stellar, ChronoAND Monero he also managed to make small gains.

“In the altcoin universe, UNI, Uniswap’s governance token, surged 60% on Friday evening following a proposal from a prominent member of the Uniswap Foundation to renew the protocol’s fee-sharing agreement for holders of Since then, the token has managed to maintain its level around $11 (around Rs 910). At the same time, Avalanche (AVAX, +0.57%) suffered a major outage on Friday, failing to produce blocks. for more than four hours due to network strain,” Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, told Gadgets360.

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