In brief
ETH and XRP also up
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$116,952.00
-4.24%$2,977.98
-1.63%$2.86
-2.22%$681.54
-2.29%$160.41
-3.39%$0.999834
-0.01%$0.191086
-7.25%$0.299272
-1.07%$2,975.50
-1.67%$0.722665
-3.83%$47.91
-2.25%$116,690.00
-4.16%$0.44832
-6.06%$3.90
0.43%$3,586.60
-2.00%$15.42
-3.65%$0.231901
-5.71%$490.48
-4.20%$20.79
-4.04%$9.01
-0.27%$3,185.35
-1.76%$0.00001296
-5.58%$2.98
-1.21%$2,978.01
-1.60%$92.66
-4.05%$0.999841
-0.01%$1.00
0.01%$45.45
-2.20%$339.42
-1.50%$3.87
-5.80%$117,000.00
-4.20%$9.01
-1.49%$1.001
0.14%$4.36
-2.18%$0.00001203
-5.90%$315.61
-1.47%$414.82
-1.85%$0.451808
-3.62%$0.103976
-5.43%$4.88
-4.76%$2.53
-4.17%$1.18
0.03%$5.29
-5.18%$0.895191
-3.98%$1.00
0.00%$47.25
-3.93%$195.22
-3.15%$18.05
-4.61%$0.715798
2.19%$0.273768
-4.08%$0.00002953
10.60%$0.083906
-4.80%$1.00
0.03%$0.00609332
12.19%$0.329851
-5.23%$0.0239257
-5.06%$4.47
-5.91%$0.347854
1.95%$0.223223
-6.00%$0.40255
-4.02%$1.059
0.01%$4.51
0.78%$3.69
-3.62%$0.02974114
3.53%$15.72
-1.45%$9.12
-6.47%$0.692386
-6.55%$2,978.80
-1.59%$1.016
-6.33%$117,765.00
-3.12%$2.50
-5.02%$0.077273
-1.78%$110.12
-6.87%$170.20
-3.58%$4.71
-1.71%$11.48
0.30%$0.997536
-0.09%$0.483377
-6.66%$0.999805
-0.04%$3,124.33
-1.54%$1.51
-4.15%$3,394.81
-1.65%$0.999847
-0.06%$1.83
-7.05%$1.28
-1.32%$1.27
-6.72%$4.28
-5.80%$0.074214
-8.13%$12.23
-3.43%$0.01707806
-3.17%$0.771752
-7.12%$0.644953
-5.02%$3,184.68
-2.23%$3,131.47
-1.53%$116,977.00
-4.10%$0.340587
-7.28%$0.999898
-0.04%$1.62
-8.22%$0.999944
-0.00%$3,132.10
-1.77%$0.719957
5.26%$0.990161
-6.86%$3,218.83
-1.60%$0.513418
-6.13%$0.097288
-5.00%$3,366.18
0.33%$117,029.00
-3.92%$121,068.00
-1.60%$1.11
0.06%$0.00009509
-3.81%$681.69
-2.29%$0.150867
-4.60%$10.80
-6.26%$0.542917
-3.31%$0.998778
-0.06%$0.215089
-5.98%$180.18
-3.12%$3,358.24
0.05%$2.37
-3.07%$209.90
-3.21%$0.775492
-6.21%$0.01562178
-5.47%$0.842737
-3.04%$0.01667371
-6.31%$2.77
-2.99%$22.24
-2.55%$0.300315
-6.96%$10.75
0.01%$0.433898
-24.28%$111.80
0.02%$0.264213
3.13%$0.812111
-4.74%$41.92
-3.44%$0.00000069
-1.28%$0.998321
0.00%$2,979.06
-1.53%$0.115836
-5.34%$0.626112
-3.95%$3.94
-1.97%$3,173.69
-2.29%$48.04
-1.98%$1.84
-6.25%$1.095
0.09%$0.00000161
-14.68%$0.01819051
1.38%$2,979.82
-1.51%$3,095.05
-3.18%$116,779.00
-4.01%$0.380701
-3.82%$1.90
-1.75%$0.438961
3.58%$0.999673
0.00%$0.00866572
-1.27%$117,779.00
-2.49%$0.997721
-0.03%$0.305313
-6.21%$116,902.00
-4.10%$2.97
-5.75%$48.02
-1.94%$0.529763
-6.59%$1.52
-3.03%$0.053089
-8.96%$2,979.91
-1.54%$0.00567537
3.91%$0.999945
0.05%$1.00
-0.01%$25.76
-4.00%$0.506016
5.14%$0.6308
-6.55%$0.098106
-5.46%$0.997403
-0.10%$0.068716
8.47%$0.191274
-7.53%$0.348971
12.90%$0.134478
-6.00%$0.439275
-11.81%$0.225372
0.54%$3,172.56
-1.53%$0.185237
-3.05%$0.422746
-3.99%$0.00773358
-6.17%$0.99982
-0.01%$6.87
-2.72%$0.594346
-3.61%$47.20
-5.05%$0.00000045
-0.66%$6.20
-5.12%$0.364703
-5.15%$3,285.98
-1.64%$7.47
-1.19%$14.99
-6.09%$1.11
-6.82%$1.093
0.04%$0.00002058
-5.66%$0.99962
0.63%$1.29
-5.56%$0.00403596
-12.07%$116,461.00
-4.34%$2.42
-5.49%$3,263.52
-1.53%$0.998889
-0.35%$0.053599
-5.92%$0.543002
-2.58%$0.03933581
-5.05%$0.146995
-3.17%$0.00539954
-0.13%$2,964.04
-1.89%$0.99966
-0.00%$1.34
-0.25%$2,977.16
-1.68%$1.51
-4.39%$0.077756
-5.46%$2,973.22
-1.63%$0.35776
17.57%$0.999778
-0.01%$0.03593603
-1.66%$0.01849016
-1.46%$0.361099
-7.25%$0.782344
-4.82%$116,904.00
-4.01%$0.346967
-6.20%$0.00669588
-3.49%$0.00006176
-3.52%$175.50
-3.17%$11.52
-1.96%$20.72
-1.28%$0.510916
-3.70%$3,600.98
-1.42%$125.57
-3.66%$0.223266
-5.95%$25.28
-4.02%$0.700798
-4.44%$0.794129
-13.91%$1.089
-6.32%$0.02994938
1.12%$3.86
0.28%$0.761967
-0.98%$0.999245
-0.01%$0.999055
-0.06%$0.00370491
-3.65%$0.999238
-0.01%$20.79
-4.08%$0.99778
-0.24%$117,310.00
-3.91%$0.475571
-6.10%$1.019
-0.09%$3,109.88
-2.12%$2,349.68
-4.17%The price of Bitcoin has jumped 8% over the past 24 hours to highs of $40,415. The cryptocurrency has increased by 16.21% over the past week.
Bitcoin is now at its highest price since the sudden drop to lows of $31,500 on January 27. That drop followed Bitcoin's all-time high of $41,946 on January 8.
Today’s high price is the continuation of a rally that began at the start of the week. On Monday, the price started picking up from about $33,600.
Bitcoin's 24-hour trading volume today hit $74.3 billion, up by 17.34% from yesterday's $61 billion.
Other cryptocurrencies are also on the rise.
Ethereum's price, $1,687, marks a daily increase of 1.82% and a weekly increase of 25.42%. Yesterday, the coin broke another all-time high of just over $1,720.
XRP reached $0.43 today, an increase of 0.14% over the past 24 hours. The cryptocurrency increased by 44.91% this week.
On 1 February, XRP’s price jumped to highs of $0.75 after 295,000 traders on a “Pump and Hold XRP” Telegram group coordinated to pump the price. But the pump, and the success of it, was short-lived. The membership of the group has dipped to 165,000.
Earlier this week, Bloomberg’s senior commodity strategist Mike McGlone said that Bitcoin has entered a consolidating bull market. He estimated that $50,000 is the “initial target resistance” level.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.