RATE Group | Tezos & Kyber Network Win February, Bitcoin Suffers Unusual Loss
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Tezos & Kyber Network Win February, Bitcoin Suffers Unusual Loss

02 Mar Tezos & Kyber Network Win February, Bitcoin Suffers Unusual Loss

Posted at 14:16h in Bitcoin News by

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Coin Race: Tezos & Kyber Network Win February, Bitcoin Suffers Unusual Loss 101
Source: iStock/Robert Daly

After a stellar start of the year, bitcoin and altcoins have let off the gas pedal and undergone a correction which began in the middle of February. As a result, the last month of winter was a bit of a mixed bag for all coins.

Bitcoin once again fell below USD 9,000 mark and dragged some of the crypto assets down with it. In fact, it was the first February decline since 2014, when bitcoin lost over 30%. Despite that, some of the altcoins continued their January rally as if nothing happened.

Top 10 coins

Coin Race: Tezos & Kyber Network Win February, Bitcoin Suffers Unusual Loss 102
Source: Coincodex.com, March 1, 08:57 UTC

Although most coins have dropped a portion of their total market capitalization, tezos (XTZ) has outperformed major cryptoassets with a huge 76% increase and entered the top 10 list by pushing cardano (ADA) out. XTZ has been on a roll since December last year and showed no signs of stopping even during the market sell-offs.

Ethereum (ETH) has followed tezos example and also closed the month in 27% profit. The…

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