Friday, Feb. 8 — bitcoin () has broken the $3,600 price point, with all of the top 20 digital currencies making significant gains on the day, according to data from .
Market visualization from
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.
bitcoin 7-day price chart. Source:
The daily ₿itcoin (BTC) transaction volume has been recently 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’s ecosystem and fundamentals. Jameson Lopp, chief technology officer at ₿itcoin personal key security system firm Casa, published a Medium post with an analysis of the fundamental performance of ₿itcoin, concluding that “the system is improving and growing.”
Ripple () is up by 5.68 percent during the last 24 hours, and is trading at around $0.308 at press time. The largest in terms of market capitalization – which is currently around $12.7 billion — is up 0.11 percent on the week, while its monthly loss is around 16 percent.
Ripple 7-day price chart. Source:
The third largest coin, Ethereum (), 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.
Ethereum 7-day price chart. Source:
On the top 20 coins list, Litecoin () is the major gainer over the last day, having increased by nearly 25 percent and trading at $41.926 at press time. Yesterday, the Litecoin Foundation with software development firm Beam to explore the implementation of a new protocol dubbed “Mimblewimble” that would purportedly improve privacy and scalability.
, ₿itcoin Cash (), Cardano (), and Monero () have also experienced a double-digit increase over the day.
The total market capitalization of all cryptocurrencies is around $120.3 billion, while in the beginning of the day it was around $111.6 billion, according to CoinMarketCap. The trading volume for the last 24 hours is around $24 billion.
The gold price has remained solid on the day, hovering over the $1,300 mark. At press time, gold has gained almost four percent, with its highest price point on the day of around $1,314 and a low of $1,307.
Gold 1-day price chart. Source:
Published at Fri, 08 Feb 2019 23:17:00 +0000