An overview of the cryptocurrency market Friday, February 19
Over the past 24 hours, we have seen new records being recorded among cryptocurrencies. Bitcoin climbed above $ 52,500 with Atrium and Bainance Coin breaking new records.
A new record for Bitcoin
The currency resumed its uptrend after Bitcoin fell to $ 46,000 on Monday. As reported in the early days of this week, BTC entered the $ 50,000 channel for the first time and has not fallen significantly since. In the last 24 hours, Bitcoin reached its last record at $ 52,600 (on Bitstamp), entering the $ 52,000 area, and continued to rise.
With this record, BTC was only $ 20 billion away from reaching a market value of $ 1 billion. However, after a slight increase yesterday, with the addition of altcoins to this uptrend, bitcoin dominance has once again decreased to 61%.
New records for other altcoins
As mentioned above, most of the replacement coins in the last 24 hours were in line with the upward trend in the market. Atrium is leading the way with a 6% increase. Binance Quinn also reached above $ 180 with its record breaking again. This asset has increased in price by about 350% since January 27 (February 28).
Polkadot (3%), Cardano (10%), Ripple (4%), Litecoin (6%) and Bitcoin Cash (1.5%) are also among the top 10 currencies in the market today.
The situation has been similarly high among lower market value altcoins. Bancor (40%), Venus (34%), Horizen (33%), PancakeSwap (33%), Phantom (26%) and Polygon (25%) are in the double-digit currency group.
Naturally, this overall price increase also means setting a new record in the total value of the crypto market. The market value of all encrypted assets approached $ 1.6 trillion. The index has risen more than $ 700 billion since mid-January.