Crypto Market Update – Cryptos See Mild Movements After Market Surge, Bitcoin Holds Above $3,600
Saturday, Feb. 9 – as Coin360 data shows, major cryptocurrencies are facing a mix of mild gains and losses, following a major market surge since yesterday.
Bitcoin is holding steady above the $3,600 price point. BTC gained over $200 in value on Friday, Feb. 8, reaching a multi-week high of $3,691 throughout the day. The top currency continued to trade sideways today, before stabilizing to press time around $3,660.
Ripple (XRP), currently the second largest cryptocurrency, has lost about 1 percent in price on the day and is currently trading near $0.31. Its market capitalization is over $12.7 billion – about $260 million more than the next largest crypto, Ethereum.
Yesterday’s market growth brought ETH prices back to the rates seen in late January. ETH price is hovering around $119. Throughout the week the currency mostly traded sideways near $110, dropping to an intra-week low of $103 on Feb. 6.
Earlier today, total market capitalization of all cryptocurrencies peaked over $122 billion, before dropping back down to $121 million later, according to CoinMarketCap.
Among the top twenty coins, Bitcoin Cash and Tron have lost the most value on the day, both down about 2 percent as of press time.
Ana Berman’s original article for cointelegraph.com reduced by 56%
Related cryptocurrency news – Top 10 Market Cap Shakeup: Litecoin And Ethereum See Massive Gains
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