Bitcoin Breaks $3,600 Price Point, Some Top Cryptos See Double-Digit Gains.

cryptx-financial (38)in #bitcoin-btc • 6 years ago

Friday, Feb. 8 — Bitcoin (BTC) has broken the $3,600 price point, with all of the top 20 digital currencies making significant gains on the day.

Bitcoin +6.87%

In the middle of the day, BTC spiked above the $3,450 mark and at press time the leading cryptocurrency is trading at around $3,640, making a 7.03 percent percent upturn over the day. On its weekly chart, BTC started the week at around $3,493 on Feb. 1, dipping as low as $3,398 on Feb.7.
The daily Bitcoin (BTC) transaction volume has been recently increasing to levels not seen since January 2018, after BTC hit the $20,000 price mark, which could purportedly be a sign of the evolution of the cryptocurrency ecosystem and fundamentals.“ the system is improving and growing.” (Jameson Lopp, chief technology officer at Bitcoin personal key security system firm Casa.)

Ripple +6.23%

Ripple (XRP) the largest altcoin in terms of market capitalization -around $12.7 billion) is up by 5.68% during the last 24 hours, and is trading at around $0.308 at press time. — is up 0.11% on the week, while its monthly loss is around 16%.

Ethereum +12.74%

The third largest coin, Ethereum (ETH), has jumped by over 13 percent on the day, and is now trading around $117.75. The altcoin started the week at $107.96, keeping an even trend during the week until today. At press time, ETH’s market capitalization is around $12.33 billion, just under 400 million short of XRP’s.

Others

On the top 20 coins list, Litecoin (LTC) is the major gainer over the last day, having increased by nearly 25 percent and trading at $41.926 at press time. Recently, the Litecoin Foundation partnered with software development firm Beam to explore the implementation of a new protocol dubbed “Mimblewimble” that would purportedly improve privacy and scalability.

EOS, Bitcoin Cash (BCH), Cardano (ADA), and Monero (XMR) have also experienced a double-digit increase over the day.

The total market capitalization of all cryptocurrencies is around $120.3 billion,from $111.6 billion(beginning of the day), according to CoinMarketCap. The trading volume for the last 24 hours is around $24 billion.