Bitcoin Approaches $3,500 as Top Cryptos See Growth

Wednesday, Jan. 30 — nearly all of the top 20 cryptocurrencies are reporting moderate to notable gains on the day at press time. Bitcoin (BTC) is approaching $3,500 again, according to Coin360 data.

At press time, Bitcoin is up over 1 percent on the day, trading at around $3,481. Looking at its weekly chart, the current price is lower than $3,612, the price at which Bitcoin started the week.

Ripple (XRP) has gained over 10 percent in the 24 hours to press time and is currently trading at around $0.317. On its weekly chart, the current price is lower than $0.319, the price at which XRP started the week.

Ethereum (ETH), the second-largest altcoin by market cap, has also seen its value increase by about 3 percent over the last 24 hours. At press time, ETH is trading around $109, having started the 24-hour period about 3 dollars lower. On the weekly chart, Ethereum’s current value has dropped from $119, the price at which the coin started the week.

Among the top 20 cryptocurrencies, the only one experiencing losses is Binance Coin (BNB), which is down over one half of a percent over a 24-hour period.

The combined market capitalization of all cryptocurrencies — currently equivalent to about $115.8 billion — is lower than $121.1 billion, the value it reported for most of last week.

As long as bitcoin manages to stay above 3300 USD there is a high chance for a bull run to a minimum of 4000 USD. The real problem comes if it cannot hold this level, which my result in a quick fall to 2000 USD. Let’s hope that more people and companies will get involved with cryptocurrency and this level will hold.

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

India: Bank Blockchain Consortium Targets Improvements to Small Business Financing

Ethereum Consortium Launches Token Initiative With Microsoft, JPMorgan Chase, Others