A Minor Clash of Cryptocurrencies, Bitcoin, and Mighty Binance

admin November 25, 2021 0

 

 The majority of high-end cryptocurrencies on Friday (26/11), led by Binance Coin (BNB), jumped 7.14 percent to $640.26. This week, BNB was observed to have jumped 18.41 percent.

Another boost from crypto was Ethereum (ETH), which was up 4.06 percent to $4,499.01. In the last seven days, ETH is up 9.69 percent.

Additionally, the highest-capitalized bitcoin (BTC) at $58,829.55 per coin is green at 1.31 percent. This week, BTC is up 2.26 percent.

On the other hand, various 'small' crypto assets are collapsing. For example, the Shiba Inu coin which weakened 2.04 percent to US $ 0.00004112. SHIB last week fell 7.49 percent.

Citing coinmarketcap.com, asset ripple (XRP) weakened 0.68 percent to $1.04 per chip. This week, XRP is still 1.18 percent red.

Then, asset cardano (ADA) weakened 1.22 percent to US $ 1.67. Over the past week ADA has fallen 7.6 percent.

Furthermore, Ripple coin (XRP) was down 0.43 percent to US$1.04 per coin. In these seven days XRP red 1.06percent.

The Tether (USDT) and USD Coin (USDC) coins are stable at the position of US $ 1 per chip.

On average, crypto assets were up 2.83 percent compared to the previous day. Currently, the crypto market cap is US$2.67 trillion.

Currently, crypto assets are regulated by the Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade through CoFTRA Regulation No. 2 of 2019 concerning the Implementation of the Physical Commodity Market on the Futures Exchange. For information, in Indonesia, crypto assets are still prohibited as a means of payment.

However, crypto is a commodity futures exchange, so it doesn't matter as long as it is used as an investment or as a commodity traded by market participants.