Cryptocurrency Price Check: Bitcoin Falls Below $50,000

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.

For more in-depth coverage of cryptocurrency including investing recommendations and strategies, follow the Crypto channel on TheStreet.

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.


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