Bitcoin is approaching $ 3,500 as top cryptos see mixed signals



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Saturday, February 2: Most of the top 20 crypto-currencies show a combination of slight gains and losses on the day of the press. Bitcoin (BTC) flies over the $ 3,450 mark, according to Coin360 data.

Coin360

Visualization of the market from Coin360

At the time of the press, Bitcoin is down less than half percent on the day, trading at around $ 3,489, according to CoinMarketCap. Looking at his weekly chart on CoinMarketCap, the current price is about 3% lower at $ 3,604, the price at which Bitcoin started the week.

BTC

Bitcoin price chart over 7 days. Source: CoinMarketCap

Altcoin Ripple (XRP) has lost about half a percent in 24 hours and is currently trading at around $ 0.306. On its weekly chart, the current price is just under $ 0.316, the price at which XRP started the week. The current price is also less than $ 0.333, the highest mid-week published on January 31st.

XRP

Price chart for 7 days of waving. Source: CoinMarketCap

Ethereum (ETH), the second-largest altcoin in market capitalization, saw its value rise by about half a percent in the last 24 hours. At the time of writing, the ETH is trading around $ 108 after entering the 24-hour period with a dollar less. On the weekly chart, the current value of Ethereum has dropped about 7% from 117 USD, the price at which the coin started the week.

ETH

Ethereum price chart 7 days. Source: CoinMarketCap

Of the top 20 cryptographic currencies, the most notable change over 24 hours is Monero (XMR) – down 4% from the previous day – and Binance Coin (BNB), up 3.45% in advance on the hour.

The combined market capitalization of all crypto-currencies – currently equivalent to $ 114.3 billion – is about 5% lower at $ 120.4 billion, the value reported a week ago.

Total capitalization of crypto

7-day chart of the total market capitalization of the crypto-market. Source: CoinMarketCap

As Cointelegraph pointed out yesterday, the state of Wyoming in the United States pbaded a bill allowing the recognition of cryptographic currencies as a currency as of March 1.

In traditional markets, the S & P 500 is up slightly, edging up 0.1% on Friday, while the Dow Jones Industrial Average also recorded slight gains, having recorded a series of wins six weeks later. a solid report on US employment. According to a MarketWatch badysis, the growth currently reported by the stock market is a bull trap.

As reported by CNBC on Friday, oil prices rose 3 percent as a result of the stock market and US sanctions prevent Venezuelan tankers from being stuck in ports. WTI crude oil, Brent crude oil, US Mars and Opep's basket are all in the green today, according to OilPrice.

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