Crypto Markets Recovering After Yesterday’s Dive, Palladium Hits New Record High Cointelegraph By Ana Alexandre Monday, Feb. 25 — cryptocurrency markets are seeing mixed signals as of press time, with some of them reporting a bit of recovery from the nosedive they took on Feb. 24, while others continue to slip downward. Market visualization by Coin360 The leading cryptocurrency Bitcoin ( BTC ) is up 1.4 percent over the last 24 hours, and is trading at around $3,884 at press time. Bitcoin has seen low volatility during the day, having dropped to as low as $3,807, while the intraday high reached $3,912.
In terms of a weekly view, Bitcoin his down less than one percent, with $4,209 as its highest price point on Feb. 23, after which the coin slumped to around $3,806.
Bitcoin 7-day price chart. Source: CoinMarketCap Earlier today, Berkshire Hathaway CEO Warren Buffett defined Bitcoin as a “delusion” and said that it attracts “charlatans.” He said that “you can stare at it all day, and no little Bitcoins come out or anything like that. It’s a delusion, basically.
” Ethereum ( ETH ) is up almost 1 percent on the day, hovering around $140 at press time. The second largest coin has seen small volatility over the day, with $142 as its highest price point, and a low of $135. Yesterday , ETH saw a severe downturn from around $165 to $140. Ethereum 7-day price chart.
Source: CoinMarketCap Ripple ( XRP ) is a big winner on the day, having gained 8 percent at press time and trading at $0.327. On its weekly chart, XRP is up 1.47 percent, while the altcoin’s monthly gains are around 3.28 percent. As reported earlier today, Coinbase Pro, the professional offering of United States -based crypto trading platform and wallet service Coinbase, is adding support for Ripple’s XRP token. Full trading of XRP will be available to customers in the U.S.
, Canada , the European Union , the United Kingdom , Singapore and Australia . Ripple 7-day price chart. Source: CoinMarketCap Of the top 20 cryptocurrencies, Bitcoin SV (BSV) has gained the most over the day, up by 9.75 percent and trading at around $67.62 at press time, according to CoinMarketCap. The coin’s highest price point on the day was around $71.68, with a low of $65.10.
Bitcoin SV 1-day price chart. Source: CoinMarketCap The total market capitalization of all 2,090 digital currencies listed on CoinMarketCap is currently around $131.6 billion, down from the intra-week high of around $143.
7 on Feb.
23. 7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap Recently, an anonymous hacker managed to move 2.09 million EOS ($7.7 million) from a hacked account due to an alleged failed update by an EOS block producer (BP).
The security team of major global crypto exchange Huobi — using blacklist data from EOS Core Arbitration Forum (ECAF) — detected assets pouring from EOS blacklisted accounts into Huobi accounts. Blockchain development platform and BitTorrent owner Tron will debut a host of upgrades through a hard fork at the end of the month. The hard fork will purportedly deliver institution-handling capabilities, as well as other features such as multi-signature abilities and account management options. In traditional markets, today marks the best start to a year for the Dow Jones Industrial Average (DJIA), and the S&P 500 since 1987, being up by 0.23 percent and 0.12 percent respectively. Over the period of 36 trading sessions, the Dow has purportedly jumped by 11.6 percent, and the S&P 500 has risen by 11.
4 percent. Palladium hit a new record high of $1,531 per ounce today following the threat of strikes in the South African mining sector that intensified supply deficit for the metal, according to CNBC . Since August, the commodity has hiked for over 80 percent due to a sustained supply shortage. Related Articles:.