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Bitcoin Cash [BCH], Cardano [ADA] and Litecoin [LTC] fall by over 5% as market correction ensues

Namrata Shukla

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Bitcoin Cash [BCH], Cardano [ADA] and Litecoin [LTC] fall by over 5% as market correction ensues
Source: Pixabay

Most cryptocurrencies endured a rough ride in the coin market, with coins such as Cardano [ADA], Bitcoin Cash [BCH], and Litecoin [LTC]  falling, at press time.

Cardano [ADA]

Source: Trading view

Source: TradingView

At press time, ADA was falling by 5.84% over the day, after noting a price surge of 21.72% over the past week. The ninth largest coin on CoinMarketCap dipped further by 2.76% over the hour, and was valued at $0.0849. The coin’s 24-hour trading volume was $365 million.

ADA was highly traded on ZBG exchnage with a volume of $54 million via the ADA/USDT pair. The second place was taken by HitBTC, with a volume of $21 million with ADA/USDT pair. HitBTC also acquired the third place with a volume of $19 million, but with ADA/BTC pair.

Bitcoin Cash [BCH]

Source: Trading view

Source: TradingView

The value of BCH was noted to be $299.69 with a market cap of $5.30 billion, at press time. BCH plunged by 6.05% over the past day and continued to fall by 3.15% over the hour. Over the past seven days, BCH spiked by 78.05%, following which the market corrected itself. The 24-hour trading volume of the coin was $2.12 billion.

BCH was highly traded on OEX with BCH/USDT pair as it noted a volume of $214 million. The second place was taken by BW.com with trading volume registered to be $170 million via BCHABC/USDT pair. BW.com was followed by $OKEx via BCH/USDT pair and a volume of $168 million.

Litecoin [LTC]

Source: Trading view

Source: TradingView

LTC fell by 5.54% over the past day, while dipping by 1.56% over the hour, at press time. It was valued at $88.64 with a market cap of $5.42 billion. Over the past seven days, the coin noted a surge of 45.99%. However, the coin is since undergoing a correction.

DigiFinex noted the highest trading volume for LTC with LTC/BTC pair and volume of $337 million. Coinall followed DigiFinex with a volume of $331 million via LTC/BTC pair. Coineal too registered $293 million in volume via LTC/BTC pair.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

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Is Binance 2.0 and margin trading really accessible for ‘everyone?’

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Binance 2.0 and margin trading is accessible for 'everyone' or Is it?
Source: Unsplash

Binance, one of the world’s largest exchanges, announced recently that Binance’s upgraded version, Binance 2.0, was available to everyone. CZ tweeted,

“While #bitcoin is on a tear on price, @Binance have rolled out Binance 2.0, with margin access to everyone. In bear and bull markets, we #BUIDL!”

The margin trading feature which was previously available for limited users has now been made available for everyone. Although CZ’s tweet says it is available to everyone, there is still a catch to this. It is not available for users in countries where crypto-jurisdictions are unclear. These include the U.S, Iran, North Korea, Syria, Cuba, Crimea, Canada, Japan, and South Korea.

CZ followed up the above tweet with another, talking about performance, a “key improvement” that comes with Binance 2.0. Previously, when trading volume rose, users would suffer from lags and other performance issues. However, the upgrade will solve each of these issues, said CZ.

“One of the key improvements in this upgrade that not easily visible is performance. During peak times, if you experience lag or other performance issues, be sure to try out 2.0. We will soon decommission the “1.0” version due to legacy performance bottlenecks.”

However, even after CZ’s announcement, margin trading is still not accessible to a few users. These users were greeted with a notification which said, “This feature is only available for invited users.” A lot of users have complained about the same, with CZ yet to put out a statement about the same.

Additionally, Binance has announced the start of BEP2, which is a community listing program where Binance lists one project every month for three months. This will extend from the 20th of a month and extend to the 20th of the next month. Any of the following coins, as seen in the tweet below, might be listed on Binance over the coming days.





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