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The weekend started with Bitcoin winding itself upward from $53,500. The market followed, overall.
Bitcoin Reloads
In today’s market roundup, Bitcoin moved slightly upward as the weekend started. The coin broke $56,000 only briefly as Saturday progressed. Market volume declined throughout the day, from $55 billion down to $46 billion at the time this report was published.
Ethereum Follows
Ethereum also regained ground on Saturday, with a slightly lower rise. The second-ranked coin spiked early on Saturday (UTC) above $1720, but spent most for the day in the $1680 – $1700 range. Market volume also dropped throughout the day. It slid from $24.5 billion to $21.0 billion in 24 hours.
FIL Rising in the Market
The fastest-moving, highest cap project of the day was Filecoin. The project has seen a good news flow over the week. First of all, crypto fund-meisters Grayscale announced on March 17 the Grayscale Filecoin Trust. Grayscale now owns $4.7 million worth of FIL (and rising).
Filecoin announced on March 27 that the project now co-mines with Livepeer. The Two projects share similar block creation issues. The co-mining ability should help both expand their mining pools. Moreover, Grayscale also launched the Grayscale Livepeer Trust on March 17, so the co-mining agreement is not just an exercise.
At the time of writing, FIL is up 14.7% in the last 24 hours, and up 58.5% for the past seven days. It is the only Top-20 coin by market cap to be in the Top-20 movers.
The Biggest Top 100 Gainers
At the time of writing, Helium (HNT) led the Top 100 in price movement for the day. The project is up 35.4% in 24 hours at the time of writing. Helium has announced some interesting news lately, including that its peer=to=peer LoRaWAN network is running in over 3,400 cities world-wide. It also announced an integration of the TagIO platform. The low-power miner is also feeding off general news regarding the cost of mining.
Since this was written in September, #ThePeoplesNetwork is now the most expansive #LoRaWAN network in the world
— Helium (@helium) March 26, 2021, spanning 3,400+ cities. https://t.co/gxv6JvMLhf
As we close the market roundup of the top movers, notice Filecoin at fifth, below. It had peaked at #2 during the day.
