Crypto Markets Are Trading Sideways With Moderate Losses

As the weekend starts, the crypto markets started trading sideways with moderate losses between the top 20 cryptocurrencies according to the data gathered for our altcoin news that we present you with today.

The number one cryptocurrency Bitcoin (BTC) increased by 0.5 percent over the past 24 hours and is now trading $3.923 at press time. Yesterday, bitcoin started at $3.921 but later in the day hit the highest point at $3.947 before slightly going down to the current price.

Ethereum (ETH) also dropped slightly by 0.06 percent after trading around $138.69. The altcoin had a slight downfall over the week when it reached $125 five days ago but it later increased up to $139 on March 6 coming to the price of today at $139.

When it comes to the third largest crypto by market cap Ripple (XRP), seems like it also dropped over the day and is now trading around $0.31 after the two-day decline of 2.5 percent.

Binance Coin (BNB) has yet again stood out among the top 20 coins since it lost more than 7 percent during the day. It is now trading around $14.46 reaching a daily trading volume at around $2 billion according to the data from CoinMarketCap. However, the coin is still up by 26.37 percent according to the weekly charts.

The total market capitalization of the past week of all 2000 coins combined shows a slight increase up to $133 billion after the decline on March 4 when the market cap was at $125 billion.

On the other hand, US West Texas Intermediate crude futures crashed by 58 cents over the day and later lost more than 3 percent reaching a three-week low at $54.52. Brent Crude futures are also down by 0.76 percent and are now trading at $65.