After a week of all-time highs Bitcoin’s The momentum has slowed to around $ 47,000. Meanwhile, the altcoins continue to rise.

Bitcoin’s Today’s price hit $ 47,093, down 0.41% from yesterday’s $ 47,286 and up 18.59% from last week’s $ 38,338. The price rose to an all-time high of $ 48,000 earlier this week after Tesla announced its $ 1.5 billion investment in Bitcoin, followed by a series of confidence-building developments. Most notably America’s oldest bank, BNY Mellon announced that it will support Bitcoin.

Altcoins on the rise

The price of ether, the greatest alternative Crypto after Bitcoin hit $ 1,810 today, a 2.94% jump from yesterday’s $ 1,756. Ethereum The weekly price change is an increase of 6.50%.

In the 24 hours Cardano (ADA) fell 2.14% to $ 0.9, XRP fell 0.64% to $ 0.58, Speckle (DOT) rose 12.18% to $ 28.50.

However, these daily performances do not reflect the total weekly performance of the altcoin market. All of the top altcoins have risen significantly over the past week: ADA up 63%, XRP up 34% and DOT up 39%.

Others in the top ten also performed well. Binance coin (BNB) rose 0.60% in the last 24 hours but 70% last week to $ 127.10. This makes it the best percentage increase this week.

Stellar (XLM) increased 14.21% in the last 24 hours and 54.70% in the last week. The current price is $ 0.52.

Meanwhile, Litecoin (LTC) rose 5.20% last day and 22.76% last week to $ 195, while Chainlink (LINK) rose 6.37% last day and 16.67% last week % rose to $ 29.55.

Dogecoin growth is slowing down

Dogecoin (DOGE), the twelfth largest cryptocurrency with a market cap of $ 8.8 billion, fell 0.49% in the past 24 hours and rose 40.15% over the past week to the current price of $ 0.06. Dogecoin wavered after that concentrated efforts of its investors pumped up the price. Celebrity interest helped spread his word, especially the one-time “Dogecoin CEO” and the youngest bitcoin bull. Elon Musk.

Chinese New Year, a sixteen-day holiday season that started yesterday, is normal A time when the cryptocurrency market is seeing price drops as Chinese investors throw off their coins. But as analysts told Decrypt last week, that didn’t happen this year. Western institutional investors now dominate the cryptocurrency market, they explained.

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