On the 8th of February, Bitcoin (BTC) saw a sharp increase in its value that helped to break a key resistance level. Bitcoin (BTC) has been trading below the $3,500 mark over the past couple of weeks. The digital currency has been struggling to break over that hurdle point, but it lacked the momentum to do so. However, the digital currency recently saw a slight bull run that helped it surge over the $3,700 mark.
Bitcoin (BTC) was not the only digital currency that experienced this price correction, other top digital currencies in the market also experienced a sharp increase. All the top twenty digital currencies in the market are in the green, with some of them recording double-digit gains.
Yesterday afternoon, Bitcoin (BTC) started its sharp correction over the $3,450 level. At the moment, the world’s largest digital currency is comfortably trading over the $3,600 mark. According to the weekly chart of Bitcoin (BTC), the digital currency started the week at around $3,493 on the 1st of February, and it tested the low of $3,396 on the 7th of February.
Bitcoin (BTC) Sees January 2018 Trading Volume
Recently, the daily trading volume of Bitcoin (BTC) has been increasing significantly. It is increasing to the levels not seen since January last year, after Bitcoin (BTC) tested its all-time high at about $20k. The chief technology officer at Casa – Jameson Lopp – recently published a Medium post with an analysis of the basic performance of Bitcoin (BTC). In the post, Lopp said that “the system is improving and growing.”
XRP (XRP) Price Today – XRP / USD
Bitcoin (BTC) has a huge influence over the rest of the digital currencies in the market. Whenever the value of Bitcoin (BTC) increases, the rest of the coins in the market will follow suit, and the same trend occurs whenever Bitcoin’s price plunges.
Over the past twenty-four hours, the value of XRP (XRP) has surged by more than 6 percent, bringing the value of the digital currency to $0.315 at the time of writing. Over the past month, XRP has lost about 16 percent of its value. The second-largest digital currency in the world currently has a market cap of $12.70 billion.
Ethereum (ETH) – which is the third largest digital currency by market cap – saw an increase of about 13 percent over the past twenty-four hours. The digital currency is currently changing hands at $117.3. The market cap of the digital currency is now $12.42 billion and its trading volume over the past day is $3.19 billion. The digital currency started the week at $107, and it kept an even trend all through the week.
The Highest Gainer – Litecoin (LTC)
Among the top twenty digital currencies in the market, the digital currency with the highest gains is Litecoin (LTC). Over the past twenty-four hours, Litecoin (LTC) has seen a gain of more than 28 percent. At the time of writing, the digital currency is trading at $43. Litecoin (LTC) currently boasts of a market cap of $2.61 billion and its trading volume over the past twenty-four hours is $2.24 billion.
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin (BTC) is currently worth $3,709. The market cap of the digital currency is $63.96 billion and its trading volume over the past twenty-four hours is $6.79 billion.