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Bitcoin Stuck Around $3,400 as the Stock Market Sees a Minor Downturn


Most of the top 20 cryptocurrencies are reporting slight to noteworthy gains, Bitcoin stays stable around $3,400.

Thursday, Feb. 7 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time, with Bitcoin (BTC) hovering just over $3,400 again, according to Coin360 data.

Market visualization from Coin360

Market visualization from Coin360

At press time, Bitcoin is up a fraction of a percent on the day, trading at around $3,409, according to CoinMarketCap. Looking at its weekly chart, the current price is just over 1.5 percent lower than the price at which Bitcoin started the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

According to TransactionFee data, there haven’t been so many Bitcoin transactions per day — currently over 336,000 — since January 2018. However, the current transaction volume is still close to 20 percent lower than the all-time high of over 406,000 transactions per day,…



Read Full Story : Cointelegraph.com News

2019-02-07 18:21:00

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Written by Cointelegraph

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