Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles
With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
Bitcoin’s price is on a rising trend for the first time this week.
Chainlink's LINK token set a new record price early on Monday, and other altcoins are seeing solid gains.
Paxos’ stablecoin tokens have mainly been playing catch-up since the DeFi spike in 2020.
Less action in the bitcoin market Wednesday means traders are sitting out while ether options are piling up for a first-quarter expiration.