Litecoin breaks the system, Musk continues to play with tweets and the main cryptocurrencies are falling in value

On the afternoon of February 10, the cryptocurrency was expected to take a short break after a rapid growth for several days. The bitcoin exchange rate fell by 1.6% and is now quoted at $ 47 thousand, remaining in the safe zone. It will be quite easy to overcome this barrier at the next price jump, given that there are already prerequisites for an increase in the price. A similar situation is with Ethereum, which also set a new price record and continued to rise even when bitcoin was tired. The price of ether decreased by 3.8%. The euphoria also passed for XRP, which fell by 4.4%.

However, despite the obvious drawdown of the main cryptocurrencies, experts are expecting the rapid growth of digital assets. This is due to the news that the Nasdaq Stock Exchange has developed and accredited the Hashdex Nasdaq Crypto Index ETF tool. Thanks to the innovation because the confirmed investors will be able to trade a cryptocurrency index based on the newly created instrument, but only outside the United States.

Even taking into account the fact that the innovation will pass the major US market, the news about the launch of the tool will be the reason for the active growth of the cryptocurrency throughout the week. This is also indicated by the overall performance of the main cryptocurrencies, which not only rose in price, but also managed to gain a foothold at a certain level, which was influenced by Tesla's open support for bitcoin.

In addition, while the main assets are trying to stay within safe prices, some digital money continues to become more expensive. As we reported, Litecoin managed to recover and rose by a whopping 14% after a brief drop in price. Such a jump in the price of the coin was made after the cryptocurrency euphoria, which indicates the high stability of the asset to resonant events in the market.

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Well, our short list of successful coins closes with the meme currency Dogecoin, which rose in price by 18% to a local high of $ 0.081. The reason, as usual, was the tweet of Elon Musk in which the billionaire shared the news that he bought Dogecoin for his one-year-old son. That's how the owner of Tesla teaches his baby to make the right investments and advises not to pay attention to market fluctuations.

The material has been provided by InstaForex Company - www.instaforex.com

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