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Crypto Markets Recovery After Yesterday's Dive, Palladium Hits New Record High



Monday, February 25 – The Cryptocurrency markets see mixed signals from the press time, some of which report a bit of recovery from the nosedive they took on February 24, while others continue to slide down.

Market visualization of Coin360

The leading cryptocurrency Bitcoin (BTC) is 1.4 percent higher than the last 24 hours and trades at around $ 3,884 at press time. Bitcoin has seen low volatility during the day as it has dropped to as low as $ 3,807, while intraday high reached $ 3,91

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As for a weekly view, Bitcoin is less than one percent, with $ 4,209 being the highest price point on February 23, after which the coin dropped to about $ 3,806.

Bitcoin 7-day price overview. Source: CoinMarketCap

Earlier today, Berkshire Hathaway CEO Warren Buffett defined Bitcoin as a "mistake" and said it attracts "charlatans". He said "you can stare at it all day and no little bitcoins come out or something like that. It's a delusion, basically."

Ethereum (ETH) is almost 1 percent a day and hovering around $ 140 on the presidency. The second largest coin has seen little volatility during the day, with $ 142 as the highest price point and a low $ 135. Yesterday, ETH saw a severe decline from about $ 165 to $ 140.

Ethereum's 7-day price list. Source: CoinMarketCap

Ripple (XRP) is a great winner of the day that has got 8 percent on press time and trades at $ 0.327. On its weekly chart, XRP is 1.47 percent higher, while the all-time monthly gains are around 3.28 percent.

As previously reported, Coinbase Pro, the professional offering on the US-based crypto trading platform and wallet service Coinbase, adds support to the Ripples XRP token. Full trading with XRP will be available to US, Canada, European Union, UK, Singapore and Australia customers.

Ripple 7-day price overview. Source: CoinMarketCap

Of the top 20 crypto carts, Bitcoin SV (BSV) has gained most of the day, up 9.75 percent and trading at around $ 67.62 on press time, according to CoinMarketCap. The coin's highest price point of the day was about $ 71.68, with a low amount of $ 65.10.

Bitcoin SV 1-day price overview. Source: CoinMarketCap

The total market value of all 2,090 digital currencies listed on CoinMarketCap is currently around $ 131.6 billion lower than in the week of about $ 143.7 on February 23.

] 7-day summary of the total market value of all Crypto Curves from CoinMarketCap

Recently an anonymous hacker succeeded in moving 2, 09 million EOS ($ 7.7 million) from a hacked account due to an allegedly unsuccessful update of an EOS block producer (BP). Huobi Global Global Crypto Exchange Security Team – Using blacklist data from EOS Core Arbitration Forum (ECAF) – Registered assets are poured from EOS blacklisted accounts to Huobi accounts.

Blockchain development platform and BitTorrent owner Tron debuts a large number of upgrades through a hard fork at the end of the month. The hard fork apparently delivers institutional handling features as well as other features such as multi-signature capabilities and account management capabilities.

In the traditional markets, the best start to a year today for the Dow Jones Industrial Average (DJIA), and S & P 500 since 1987, is rising by 0.23 percent and 0.12 percent, respectively. During 36 trading sessions, Dow managed to jump by 11.6 percent, and S & P 500 increased by 11.4 percent.

Palladium hit a new record of a maximum of $ 1,531 per. Ounce today after the threat of strikes in the South African mining sector intensifying the supply deficit for metal, CNBC said. Since August, the raw material has risen above 80 percent due to a persistent supply shortage.


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