BitCoin is trading at $3,500 while other cryptos show different results

On February 2, the cryptocurrency market does not show one-side results as there are both increases and losses in the coin value. Coin360 reports that BitCoin has not gone far away from the figure of $3,450. The current trading price of the coin has lost 0.5% within a day and costs about $3,489 now. However, […]

By - February 12, 2019
Bitcoin Approaches $3,500 as Top Cryptos See Mixed Signals

On February 2, the cryptocurrency market does not show one-side results as there are both increases and losses in the coin value. Coin360 reports that BitCoin has not gone far away from the figure of $3,450.

Market visualization from Coin360

The current trading price of the coin has lost 0.5% within a day and costs about $3,489 now. However, the beginning of the week was more promising trading BitCoin for $3,604, but since then, there was a 3% decline.

Bitcoin 7-day price chart. Source:CoinMarketCap

Another top cryptocoin Ripple (XRP) decreased by 0.5% within last 24 hours and its current trading price is about $0.306. The start of theme week was also more successful for Ripple as it was estimated at $0.316 while its highest increase happened in the middle of the week reaching $0.333.

Ripple 7-day price chart. Source: CoinMarketCap

When it comes to the 2nd largest cryptocoin in the market, Ethereum (ETH) was one of few cryptos that have grown by 0.5% within 24 hours. The current trading price of Ethereum is $108 gaining one dollar from the beginning of the day. However, the weekly analysis of Ethereum situation is rather disappointing. It has started the week being $117 and lost over 7% of its value since that time.

Ethereum 7-day price chart. Source: CoinMarketCap

Other top 20 cryptos have shown more significant changes in their price during the day. The biggest decrease was experienced by Monero (XMR) – by 4%, while the highest growth was by 3.45% and it was Binance Coin (BNB).

The comparison of the cryptomarket capitalization allows making a conclusion that it has dropped by 5% within a week – from $120.4 billion to $114.3.

Total crypto market cap 7-day chart. Source: CoinMarketCap

Other interesting facts regarding cryptocurrencies are connected with Wyoming state in the USA. Its government has adopted a bill that recognizes cryptocoins to be money since March 1.

Speaking about traditional markets, there was a slight growth of the S&P 500 and Dow Jones Industrial Average. The oil prices have grown by 3% too.

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