This weekend, the cryptocurrency market remained stagnant, with Bitcoin and Ether both seeing slight declines. Major altcoins also faced losses, leading to an overall market capitalization drop of 1.44%. Notably, stablecoins held their value against the US dollar.

The cryptocurrency market exhibited minimal activity over the weekend, remaining lackluster. On February 17, Bitcoin experienced a 1.55% decline, trading at approximately $96,019 internationally and $99,734 on Indian exchanges. Analysts from CoinSwitch noted that Bitcoin is currently testing the $96,200 mark, with hopes for a potential relief rally if it can maintain this level.

In summary, the cryptocurrency market has been marked by a general downturn, with Bitcoin and Ether both experiencing declines. The overall market capitalization diminished by 1.44%, underscoring the pervasive lethargy across various altcoins. Despite these challenges, select stablecoins maintained their value, indicating some stability amidst the volatility.

Original Source: www.gadgets360.com

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