Bitcoin Stands Still Around $3,400 as Most Top Cryptos Report Moderate Gains
The top 20 cryptocurrencies are reporting mostly moderate gains, with Bitcoin falling under $3,500 again.
Market visualization from Coin360
At press time, Bitcoin is down just a fraction of a percent on the day, trading at around $3,450, according to CoinMarketCap. Looking at its weekly chart, the current price is lower than $3,655, the price at which Bitcoin started the week, trading sideways until yesterday, Jan. 28.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP) has gained about half a percent in the 24 hours to press time and is currently trading at around $0.29. On its weekly chart, the current price is lower than $0.32, the price at which XRP started the week, before also dropping on Jan. 28.
Ripple 7-day price chart. Source: CoinMarketCap
Second-largest altcoin Ethereum (ETH) has also seen its value increase by little over 1.7 percent over the last 24 hours. At press time, ETH is trading around $106, having started the 24-hour period about 2 dollars lower. On the weekly chart, Ethereum’s current value has dropped from $119, the price at which the coin started the week.
Ethereum 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the ones experiencing the most notable growth are Tron (TRX) — which is up more than 4 percent — Iota (MIOTA), Ethereum Classic (ETC) and Eos (EOS), all of which are up 2-3 percent.
20th largest crypto Waves (WAVES) is up the most, seeing 7.4 percent growth on the day, trading at $2.93 to press time.
The combined market capitalization of all cryptocurrencies — currently equivalent to about $113.2 billion — is lower than $120.1 billion, the value it reported for most of last week.
Total crypto market cap 7-day chart. Source: CoinMarketCap