Bitcoin Hovers Near $3,630 as Top #Cryptos See Minor Losses
Sunday, Feb. 17 — most of the top 20 #cryptocurrencies are reporting minor losses on the day by press time. #Bitcoin (BTC) has fallen under the $3,650 mark again.
At press time, Bitcoin is down 0.18 percent on the day, #trading at around $3,631, after a brief mid-day high of $3,680, according to #CoinMarketCap data. Looking at its weekly chart, the coin has mostly traded sideways for the past week. The current price is about 0.3 percent lower than $3,643, the price at which Bitcoin started the week.
#Ethereum (ETH) has regained its position as the largest #altcoin by market cap, which is at about $13.2 billion. The second-largest altcoin, #Ripple (XRP), has a market cap of about $12.3 billion.
Ethereum is one of the largest top twenty gainers on the day, up by about 2 percent over the last 24 hours. At press time, #ETH is trading around $126, after having started the day at $123. On its weekly chart, Ethereum has seen a steady climb upwards, its current value increasing over 7 percent from $117, the price at which the coin started the week.
Ripple has lost just over half a percent in the 24 hours to press time and is currently trading at around $0.30. On its weekly chart, the coin is also trading sideways — its current price is one percent lower than $0.303, the price at which #XRP started the week.
Among the top 20 cryptocurrencies, the only ones experiencing growth other than Ethereum are Iota (MIOTA), which is up 0.65 percent, #Neo (NEO), up 2.8 percent and #Maker (MKR) up 1.7 percent.
In a recent interview with Bitcoin Info, the founder and CEO of digital #currency investment firm BKCM LLC, Brian Kelly, said that “right now Bitcoin is about 50 percent undervalued.” #bitcoininfo
https://www.instagram.com/bitcoin.info/ - 6 hours ago