Bitcoin Hovers Over the $3,450 Mark as Top Cryptos See Slight Losses

The top 20 cryptocurrencies are reporting slight losses, as Bitcoin hovers over the $3,450 mark.

Sunday, Feb. 3 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data.

Market visualization from Coin360

Market visualization from Coin360

At press time, Bitcoin is down a fraction of half percent on the day, trading at around $3,476, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,594, the price at which Bitcoin started the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Top altcoin Ripple (XRP) has lost over one percent in the 24 hours to press time and is currently trading at around $0.303. On its weekly chart, the current price is slightly lower than $0.316, the price at which XRP started the week. The current price is also lower than $0.333, the mid-week high reported on Jan. 31.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Ethereum (ETH), the second-largest altcoin by market cap, has seen its value decrease by about under a quarter of a percent over the last 24 hours. At press time, ETH is trading around $107, after having registered a mid-day high of $110. On the weekly chart, Ethereum’s current value has dropped over 7 percent from $115, the price at which the coin started the week.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

Among the top 25 cryptocurrencies, the only coins experiencing growth are Waves (WAVES), which is up over 3 percent, EOS, which is up nearly two percent, Litecoin (LTC), which is up over 1 percent, and Stellar (XLM), up a fraction of a percent.

The stock market is seeing slight growth, with the S&P 500 reporting a nearly a 0.1 percent gain while the CBOE Volatility Index (VIX) loses 2.6 percent, according to CNBC. DOW, on the other hand, is up 0.26 percent at press time, according to MarketWatch. Still, as Cointelegraph reported yesterday, a recent analysis suggests that the growth currently reported by the stock market is a bull trap.

Major oil futures and indexes are seeing moderate growth, with WTI Crude closing at a 2.73 percent increase, Brent Crude being up over 3 percent and Mars US up 2.87 percent, according to OilPrice.

Ex-Goldman Sachs partner Michael Novogratz tweeted earlier this week that while he believes the crypto market will not “head north for at least a few more months,” he is still very confident that things will move eventually. He also pointed out that there is “tons of activity under the hood.”

As Cointelegraph reported at the beginning of last month, Novogratz has increased his shares of Galaxy Digital, the crypto-focused merchant bank he founded and of which is the CEO.

More recently, news broke that Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms.


By Readers$type=blogging$cate=2$count=6


Analysis,498,News,2978,Press Releases,338,Sponsored,137,
CryptoNomus: Bitcoin Hovers Over the $3,450 Mark as Top Cryptos See Slight Losses
Bitcoin Hovers Over the $3,450 Mark as Top Cryptos See Slight Losses
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy