Most #Cryptos See Gentle Green Amid Exceedingly Calm Market Picture
Saturday, Feb. 16: #Cryptocurrencies are seeing mild price action, with virtually all of the top 20 #coins by market cap seeing fluctuations of within 2 percent in both directions on the day, as data from Coin360 shows.
Top cryptocurrency #Bitcoin (BTC) has seen fractional 0.37 percent growth on the day and is #trading at $3,631 to press time, according to CoinMarketCap data. On its 7-day chart, the coin has jaggedly traded downward from an intraweek peak of almost $6,700 on Feb. 11 to a low of $3,610 on Feb. 14 — subsequently recuperating some of its losses. On the month, the coin has seen virtually no movement, trading down by a mild 0.8 percent in value.
Ethereum (#ETH ) — holding on to its newly-regained position as largest altcoin by market cap — is up around 1 percent on the day to trade at roughly $123 to press time. The #altcoin has seen moderate and consistent growth over the past seven days, bringing its weekly gains to just over 4 percent.
On the month, #Ethereum is similarly stable, trading at virtually the same price point (0.4 percent down) as in mid-January.
In the latest Ethereum core dev call, ETH co-founder Vitalik Buterin and others have dismissed allegations that a new smart #contract creation feature set to be released in the forthcoming Constantinople hard fork will have negative security implications.
Also this week, Chicago-based #crypto exchange ErisX submitted its comments to the United States Commodity Futures Trading Commission, arguing in favor of regulated ETH futures contracts.
#Ripple (XRP) — like its larger market cap counterparts — is seeing virtually no price change on the day, and is trading around $0.301 at press time. Up a fractional 0.5 percent over the past 24 hours, the asset is down a mild 2 percent on the week. Monthly losses are starker, at close to 9 percent.
Industry commentators have this week discussed whether United States banking giant JPMorgan Chase’s newly-announced settlement stablecoin could pose a direct threat to #XRP ’s future. #bitcoininfo - 1 hour ago