Several Cryptocurrencies have fallen in the last day after Tesla CEO Elon Musk said prices are getting excessive. Bitcoin’s market value topped $1 trillion this past week. The market is down 9.65% in the past 24 hours.
The cryptocurrency market started to rebound Monday as investors looked to “buy-the-dip” but more volatility hit several coins again Tuesday.
Coinbase, the cryptocurrency exchange, is planning to go public and could be valued at above $100 billion after its IPO.
In global cryptocurrency news, Financial conglomerate SBI Holdings announced it is discussing a cryptocurrency joint venture with foreign firms.
Canada’s Purpose Bitcoin ETF has added $421.8 million in assets in just two days after it launched.
Here is a list of some of the top cryptocurrencies to watch and their performance from this past week by the percentage change at around 8 a.m. Tuesday, Feb. 23.
Bitcoin BTC | $48,221.29
Bitcoin topped $1 trillion in market value this past week and pushed the cryptocurrency leader past $56,000.
Ethereum ETH | $1,514.76
Nvidia entered the Ethereum mining market with its new chip this past week. Nvidia reports earnings this week and TheStreet included in one of the top reports.
Litecoin LTC | $175.08
Litecoin fell below $200 Monday morning, rebounded, and then fell again on Tuesday. TheStreet’s Bret Kenwell sees a low of $186 in play for this upcoming week.
Bitcoin Cash BCH | $486.71
OKCoin delisted Bitcoin Cash in an effort to not mislead investors looking to put money to work in Bitcoin, according to Coindesk.
Binance Coin | $212.81
Binance is a cryptocurrency exchange and its coin increased in value to $40 billion in the past week. This ranks it below only Bitcoin and Ethereum among valuation.
Numeraire | $33.44
The Ethereum based token Numeraire, that powers the hedge fund Numerai, has been volatile in the last week, falling over seven percentage points in value.
All cryptocurrency price performances are referenced and pulled from Coinbase.