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February 1 – Markets are relatively calm, with major coins trading sideways, with most making small gains over the 24-hour period.
Visualization of the market from Coin360
The highest bitcoin cryptocurrency (BTC) is hovering below the $ 3,500 mark, trading at $ 3,492 at the time of publication. The coin is up 0.71% on the day and is still down 2.85% on its weekly chart.
Yesterday, the Chicago Board Options Exchange (CBOE) resubmitted its application to the US Securities and Exchange Commission (SEC) for the listing of a Bitcoin Exchange Traded Fund (ETF). CBOE initially withdrew its application because the US government's closure made it unlikely that the SEC would be able to review it before the February 27 deadline.
Bitcoin price chart over 7 days. Source: CoinMarketCap
The ripple rate (XRP) is down 1.18% on the day, after the significant gains made on January 30th. Currently, the XRP is trading at $ 0.308 at the time of publication. On its weekly chart, the XRP is down 1.18% from $ 0.314 on January 25th.
XRP price chart for 7 days. Source: CoinMarketCap
Ethereum (ETH) has changed little over the 24-hour period and is trading at $ 107.75 at the time of going to press. On its weekly chart, the token is down 7.43% after plunging $ 116.17 on Jan. 27. Yesterday, Ethereum launched its first pre-release for the zero phase of the evolving network transition to Ethereum 2.0. The upgrade should be the last of the system, as the entire network will go from a proof of work algorithm to a Proof of Consensus (PoS) algorithm, and would supposedly solve problems such as 39, scalability, economic purpose and security. .
Ethereum price chart 7 days. Source: CoinMarketCap
Litance (LTC) and the Binance Coin Exchange Coin (BNB) are the main winners of the 20 crypto-currencies most used at the time of publication. According to CoinMarketCap, both coins are up 5.17% and trade at $ 33.31 and $ 6.55, respectively.
The total market capitalization of all cryptocurrencies is down 11% from the month following a sharp fall on January 10th. At present, the total market capitalization is $ 114.6 billion.
Monthly table of total market capitalization. Source: CoinMarketCap
In traditional commodities markets, oil prices rise after Saudi Arabia has cut supplies to the United States. A price surge followed the release of a report by the US Energy Information Administration that imports from the OPEC founder to America were down.
West Texas Intermediate (WTI) crude oil, Brent crude and OPEC basket all rose that day. At the time of the press, they are trading at $ 55.29, $ 62.81 and $ 61.19 respectively, according to Oilprice.com.
A report on improving employment in the United States would have led to a decline in gold futures prices. While gold in April is down 0.20% to $ 1,322.60, the yellow metal is still up 1.9% over the week, marking two consecutive weeks of growth. Prices would have been pushed up by trade uncertainty between the US and China and an indication that the US Federal Reserve could suspend rising interest rates.
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