The crypto sphere is showing some mild downturns since 5th Feb. The major crypto coins such as BTC, XRP, ETH, BNB, EOS along with other major digital coins are trying to keep their heads up in the mild turbulent times.
The world’s largest cryptocurrency Bitcoin BTC is trading at 3468 U.S. Dollars. This has spring-boarded a gain of 0.16 percent to the cryptocurrency yesterday. If we look at the weekly charts BTC is still floating higher at 0.56 percent. Although the lowest rate it has touched recently this year has been of 3400 U.S. Dollars. On 2nd Feb, the digital currency was at its highest point this year at 3521 U.S. Dollars. Showing trust in the digital currency’s future, Jack Dorsey, the CEO of Square, a payment app said on Twitter recently that-
“Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand.”
Although reports from Bloomberg and Forbes had a different take on the world’s largest cryptocurrency. Forbes suggests-
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“New data, first reported by the financial newswire Bloomberg, now suggest that Bitcoin could be in for a further pain after five weeks Bitcoin price declines in a row, with the cryptocurrency’s trading range at its narrowest since October- which last year heralded its sudden fall from over 6K U.S. Dollars to around 3500 U.S. Dollars in a matter of days.”
Ripple XRP, on the other hand, had to face losses of 0.59 percent within the last two days. Currently, it is trading at 0.299 U.S. Dollars. Looking at the cryptocurrency’s weekly performance after Ripple reached its high rates of 0.332 U.S. Dollars recently on 30th Jan., soon after that it started a mild downturn.
Ethereum, on the other hand, is rather showing some progress. The weekly chart says that the third largest cryptocurrency showed a growth of 1.7 percent. When we look at the monthly performance of the cryptocurrency, there is a dip of 28.53 percent. Currently, ETH is trading at 107.65 U.S. Dollars. It has dipped down to 0.30 percent in the past two days.
Looking at EOS’s performance, there has been an almost 1 percent loss with the trading rate of 2.40 U.S. Dollars. In the past 7 days, EOS has shown good progress of 4.73 percent. But overall in the past 30 days, the cryptocurrency has faced a 12 percent dip.
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In all this turbulence, there has been a dark horse. Binance Coin BNB is soaring at 9.41 percent with a trading rate of 7.78 U.S. Dollars, according to the reports obtained from CoinMarketCap- whose market capitalization of 2,078 cryptocurrencies is about 113.7 Billion Dollars with a trading volume of about 16.3 Billion Dollars.
