What happened on the crypto market while everyone was asleep – review from February 3

CONTENT

  • Ethereum has updated the absolute maximum value

  • Bitcoin is on the rise

  • Government organizations continue to be interested in investments in the blockchain sector

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Ethereum has renewed its all-time high and is not going to stop, bitcoin has consolidated above $ 36,000 amid growing bullish sentiment. Further in the review, in more detail about what happened on the cryptocurrency market by the morning of February 3

Wednesday began with the growth of all cryptocurrencies from the top 10 of the CoinMarketCap resource capitalization rating. Bitcoin, as of 06:34 (Moscow time), is traded at $ 36.148. The cryptocurrency has risen in price by 7.40% over the day, by 12.30% over the week.

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The second largest coin by capitalization – Ethereum – also showed positive dynamics. At the time of this writing, the cryptocurrency is trading at $ 1,535. On the night of February 2 to 3, the coin managed to update its absolute maximum at $ 1,542. ETH rose in price by 11.05% over the day, and by 16% over the week.

Read also: Ethereum forecast for 2021 – expert opinions

The best daily result was recorded for one of the oldest cryptocurrencies – Litecoin (+ 14.33%). Token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More XRP startups Ripple also resumed growth and increased in price by more than 7% in a day. As of this writing, LTC / USD is trading at $ 153.41. XRP / USD settled above $ 0.38. On a weekly basis, XRP remains the growth leader among the top 10 coins. Read more about what happens to the coin in our material.

Top 10 rating of the capitalization of the resource CoinMarketCap

Among the top 100, the best daily growth was recorded by UMA (+ 33.54%), over the week – by Dogecoin (+ 307.67%). The worst movement result in 24 hours belongs to PancakeSwap (-9.54%). Over the past seven, the former participant in the top 10 capitalization, Crypto.com Coin (-9.38%).

Top cryptocurrency market news by the morning of February 2

  • Bitcoin miners have money again. Bitcoin miners’ income in January increased by 62%, compared to December results. Compared to January 2020, the increase was 74%.
What happened on the crypto market while everyone was asleep - review from February 3

PART I: SEC v. Ripple: Evidence of Settlement Negotiations? Did the SEC Turn Down Settlement Offer?

Miners’ income in January 2021 by days. Source: Ycharts

  • The largest US government pension fund, the California Government Employee Pension System (CalPERS), has invested in shares of the Riot Blockchain (RIOT), amid a Bitcoin rally in December 2020. The value of the company’s securities in the hands of a government organization has reached $ 1.9 million. Information about these investments is contained in the reporting to the Securities and Exchange Commission (SEC)
  • The Swiss exchange SIX is preparing to launch the first tradable exchange product (ETP) based on one of the capitalization leaders – the Polkadot cryptocurrency. Information about this appeared in the platform’s press release.

We will remind, earlier representatives of the BitMEX exchange spoke about the intention to impose restrictions on trading to combat volatility.

Upcoming events for today

The two-day virtual conference MicroStrategy World.Now starts today. The head of the company, Michael Sailor, will talk about how to invest in bitcoin and why you need it.

Read about other important events in February in our review.

What do you think? Share your thoughts with us in the comments and join the discussion in our Telegram channel.

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What happened on the crypto market while everyone was asleep - review from February 3
What happened on the crypto market while everyone was asleep - review from February 3
What happened on the crypto market while everyone was asleep - review from February 3
What happened on the crypto market while everyone was asleep - review from February 3

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