Weekly Cryptocurrency Market Outlook Feb. 6

Cryptocurrency markets have become geared up for any other week of volatility. While there had been a few ups and downs withinside the beyond few weeks, the overarching fashion has been a slow shift from bullish to bearish sentiment.

On Monday, we noticed some cryptocurrencies consisting of Bitcoin Cash (BCH) and Cardano (ADA) get better from current losses, however overall, fees remained flat. On Tuesday, maximum cash have been down through round 2 percentage. Many of those drops got here on the identical time as Bitcoin (BTC) changed into rallying three percentage over the path of an hour and Litecoin (LTC) changed into up four percentage over the identical period.

The cryptocurrency marketplace is presently ruled through 4 cash: Bitcoin Cash, Ethereum Classic (ETC), Cardano and Litecoin. These 4 cash make up greater than 1/2 of of all crypto investments on CoinMarketCap — this means that that they may be worth $2 hundred billion blended if all of them upward push or fall together.