Home Cryptocurrency Bitcoin is below $48,000; The immutable X rises

Bitcoin is below $48,000; The immutable X rises

by SuperiorInvest

Even though bitcoin (BTC) started the week lower, the leading cryptocurrency by market value is up more than 13% in the seven days through February 12, the larger one week gain since October. The CoinDesk 20 index, a measure of the largest cryptocurrencies, added 11%. Continued inflows into US-based spot BTC exchange-traded funds (ETFs) likely overshadowed reports of the bankruptcy of cryptocurrency lender Genesis seeking approval to liquidate its $1.6 billion bitcoin holdings. Ether (ETH) was down almost 2% on Monday and bitcoin lost around 1%. The Immutable IMX has gained 33% in seven days. In late January, Immutable launched early-stage mainnet access to zkEVM. The ecosystem is supposed to help games thrive, offering gas-free interaction for players and support for smart contracts.

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