Bitcoin Stuck Around $3,400 as the Stock Market Sees a Minor Downturn


For more news latest update on Cryptocurrency, Free Bitmex Crypto Trading Signal & BitMeX auto Trading BOT join below given Telegram channel
  Visit - https://t.me/freebitmexsignals
Thursday, Feb. 7 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time, with Bitcoin (BTC) hovering just over $3,400 again, according to Coin360 data.

 According to TransactionFee data, there haven’t been so many Bitcoin transactions per day — currently over 336,000 — since January 2018. However, the current transaction volume is still close to 20 percent lower than the all-time high of over 406,000 transactions per day, reported in December 2017.

 Top altcoin Ripple (XRP) has gain the same modes amount as Bitcoin in the 24 hours to press time and is currently trading at around $0.293. On its weekly chart, the current price is over 5 percent lower than $0.308, the price at which XRP started the week.


Ethereum (ETH), the second-largest altcoin by market cap, has seen its value increase by just a quarter of a percent over the last 24 hours. At press time, ETH is trading around $104, after having started the day at $103. On the weekly chart, Ethereum’s current value has dropped 2.3 percent from $107, the price at which the coin started the week.

 Ethereum 7-day price chart

 Ethereum 7-day price chart. Source: CoinMarketCap

 Among the top 20 cryptocurrencies, the ones experiencing the most notable growth are NEM (XEM) — up 9.76 percent — Iota (MIOTA) — up 4.3 percent — and Ethereum Classic (ETC), up 3 percent on the day.

 The stock market is seeing a minor downturn, with the S&P 500 down 1.5 percent today and Nasdaq down 1.49 percent. The CBOE Volatility Index (VIX) on the other hand has gained 10.7 percent of its value on the day at press time.

 As Cointelegraph recently reported, a recent analysis suggests that the growth recently reported by the stock market is a bull trap.

 Major oil futures and indexes are seeing mixed market movements, with WTI Crude down 3.74 percent, Brent Crude down almost 3 percent. Mars US, on the other hand, is up 1.1 percent, Opec Basket up 0.4 percent and the Canadian Crude Index down 6.76 percent, according to oilprice.com.

 In Venezuela, Bitcoin trading volumes have reached a new all-time high on peer-to-peer exchange LocalBitcoins, amidst massive hyperinflation and an ongoing presidential crisis

 Also today, news broke that cryptocurrency investment and analysis firm Fundstrat Global Advisors warned that crypto markets could soon hit even lower lows and continue their record-long bear market.

Popular posts from this blog

Co-Founder of Brazilian Crypto Exchange Foxbit Passes Away at 24

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel                    https://play.google.com/store/apps/details?id=com.freecryptosignals.app                      Join- https://t.me/btctradingclub                                     Join- https://t.me/freebitmexsignals  Luís Schiavon, known as Guto, the co-founder of popular Brazilian cryptocurrency exchange Foxbit, has passed away on December 25 after being involved in a car accident in São Paulo, Brazil. According to local news outlet G1, the accident involved three vehicles and occurred due to poor weather conditions. The driver of the car Guto was in reportedly lost control and ended up being hit by a vehicle coming i...
Read more

Germany's Central Bank Claims Success in Blockchain Settlement Trial

            Join- https://t.me/btctradingclub         Join- https://t.me/freebitmexsignals https://play.google.com/store/apps/details?id=com.freecryptosignals.app For more latest news update Crypto currency training Crypto trading signals & automated trading software join above given telegram channel Deutsche Bundesbank, Germany's central bank, and Deutsche Börse, owner of the Frankfurt Stock Exchange, have completed a blockchain trial investigating the technology's potential in securities settlement. The two announced in a joint press release on Thursday that two blockchain prototypes built to their specifications had "successfully" supported the settlement of securities transactions, payments (including interest) and bond repayments at maturity. The project got started in March 2016, when both parties launched BLOCKBASTER (for blockchain-based settlement technology research) project – aimed to create "a conceptu...
Read more

BlackRock To Launch Bitcoin ETF After Its Approval By Regulator

For more latest news update Crypto currency training Crypto trading signals & automated trading software join below given telegram channel Join- https://t.me/btctradingclub   Join- https://t.me/freebitmexsignals   https://play.google.com/store/apps/details?id=com.freecryptosignals.app  Larry Fink, the executive director at BlackRock, the leading global investment company, believes that his organization will be able to launch a crypto exchange-traded fund (ETF) only after the permission from the regulatory authorities, CNBC reports. Fink expressed his opinion during a speech at the New York Times Dealbook conference. According to him, one cannot say ‘never’ with respect to ETF, but it will be possible to say ‘yes’ when they become legal. The BlackRock CEO believes that the condition for ETF is the support from the state authorities, and they will not approve any financial instruments until it is proven that they are not used for illegal acti...
Read more