Crypto Price Update- Bitcoin unmoved; Altcoins Marking New Lows This Month

Bitcoin is trading at roughly $96,200 on all global exchange points. Throughout the weekend, the market has shown no improvements at all. The weekend started with Bitcoin losing another 1.55%. What now? 

No exciting weekend vibes in the crypto market! The broad market encountered no major movement. Meanwhile, it dropped lower. Financially, BTC has dropped a staggering 1.55%. The price at the time of publication remains $96,019. On 16th Feb, the price dropped another 1.50%.  

But there is still hope for Bitcoin. If Bitcoin sees through the week, maintaining this price range ($96,000 to 98,000), there are chances that a brief price rally lies ahead.  

Altcoins Among the Main Sufferers  

No altcoin made an uppish movement this week. Among the biggest losers is Ether with a 1.15% drop this weekend. This is one of the costliest altcoins, with a price point of $2,666. The weekend was a spoil for other coins as well.  

Stellar, Shiba Inu, Litecoin, and others lost big time this week. The only two coins that held the fort are Tether and USD Coin. The Dollar Price Index of both coins is 1:1. Meanwhile, Cardano made slight profits.  

On that note, the market is going through changes and turbulence. Hence, you can expect it to be volatile; but there are high chances of a breakout and a brighter future.  

Finally, there has been another genuine update. Grayscale and NYSE are pushing for their first Cardano ETFs.   

More controversies brawl as lawyers in Argentina file fraud charges against their president for disowning the LIBRA meme coin. India amidst this chaos, also drew cryptos worth $190 million. But other than these sparing movements, the rest of the market isn’t showing this bullish momentum.