Bitcoin was having a tough time near $ 50,000 when Tezos rises, according to Ubisoft news
Bitcoin is struggling to stay near the $ 50,000 price range as most of the other altcoins stagnate for a day. However, XTZ soared after the Ubisoft news and continued to fall with a 30% increase. So read on on today’s Tezos price news.
Bitcoin struggled to stay near $ 50,000 when it tried to recover one more time the previous day, but it stopped at $ 52,000 and dropped to over $ 50,000.
Most altcoins have stagnated since yesterday’s rally, with a few exceptions like Tezos, which is up 30% in one day, according to Ubisoft news. almost 30% increase in one day. Bitcoin reportedly fell to a two-month low of $ 42,000 in the massive drop of $ 58,000, resulting in a liquidation of $ 2.5 billion by 400,000 leveraged traders. The asset rebounded at the end of the week but stopped near 50,000. However, it broke that level yesterday.
BTC continues to rise for the next few hours, hitting the $ 52,000 level where the bears are kicking again and pushing south. As a result, BTC is now over $ 50,000 with a market cap of $ 950 billion. Most altcoins mimick the performance of BTC, which means they lost value on Saturday and posted some strong gains yesterday. Most stalled or even bearish coins like ETH rose from $ 4,600 to $ 3,500 in a matter of hours during the crash, breaking through $ 4,400 a day ago. After a slight drop for 24 hours, ETH is below that line and Binance Coin has lost a similar percentage while it is currently above $ 585.
Solana rejects the most compared to altcoins with a larger cap. The 6.5% decline pushed SOL below $ 200 and Cardano down 5.5%, Terra by 03%, Avalanche by 5% and Shiba Inu also down 3%. Ripple and Dogecoin are also in the red, while Polkadot is up 1%. Chainlink was the biggest winner of larger cap altcoins, rising from 11.5% to 22%. Tezos stands out today with a 30% increase after partnering with Ubisoft. Overall, crypto market cap fell $ 50 billion and fell below $ 2.4 trillion in a single day.
The markets are reacting in favor of the announcement that Ubisoft will be the first video game publisher to develop an in-game NFT. The company’s shares were trading 4% higher today, but with Tezos being Ubisoft’s main blockchain partner, it’s actually the real winner.