The Bitcoin (BTC) rate jumped above $45,000 the day before, but then the pressure intensified, and the coin resumed its retreat.
On Friday, February 11, the largest digital currency is trading at $43,486. Thanks to yesterday's breakthrough in the bitcoin network, the share of profitable addresses exceeded 73%. However, then this figure began to fall.
Together with BTC, almost all leading altcoins are losing ground. Ether (ETH) and Binance Coin (BNB) fell to $3105 and $418 respectively during the Asian session.
Solana (SOL) and XRP suffered the biggest losses from the top ten altcoins. They lost more than 5% in value per day and fell to $106 and $0.821. The capitalization of the crypto market has decreased to $1.979 trillion.
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At the same time, investors continue to withdraw bitcoins from the trading floors. According to Glassnode, the BTC exchange balance is at a three-year low.
The volume of stablecoins on exchanges, on the contrary, is increasing. It set a new record today, surpassing $27.2 billion, according to a CryptoQuant report.
We may well be on the cusp of another run for bitcoin and other coins. Such a scenario is possible if the stablecoins entering the exchanges go into cryptocurrencies.