Bitcoin price hits $36,800 shortly after Ethereum closes above $1,500
On Feb. 2 Ether (ETH) saw its cost breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-lasting prospects of the biggest altcoin by market capitalization.Bitcoin price likewise saw a bullish breakout as it lastly crossed above the $35,000 resistance and presently trades for $36,700 ETH/USDT 4-hour chart. Source: TradingViewProminent organization characters like Elon Musk, Michael Saylor and Mark Cuban continued to engage the public with discussions revolving around the advantages of blockchain innovation and decentralized finance. In remarks to the reddit group r/Wallstreetbets, Cuban said that “stocks will be on the blockchain in the future.” Circles USD Coin (USDC) has now been integrated with the Stellar blockchain, making it possible for the stablecoin to be transacted on the Stellar network and possibly take a few of the stress of the clogged up Ethereum network. USDC rate vs. the variety of deals per sec. Source: GlassnodeData from Glassnode reveals USDC deal volume on Ethereum has actually gradually been increasing over the previous year as the Coinbase backed coin steadily makes headway on Tether (USDT). Using Stellar blockchain will significantly decrease USDC deal costs and complimentary up space on the Ethereum network. Standard markets rise as meme stocks tumbleThe hype surrounding r/Wallstreetbets stocks like GameStop (GME), AMC and BlackBerry (BB) diminished as their rates extended the losses experienced on Feb. 1. While the “meme” stocks saw their rates plunge, the S&P 500, Dow and NASDAQ all put on strong efficiencies for the day and closed up 1.39%, 1.57% and 1.56%. Silver cost dropped 8.44% to $26.60. ltcoins follow Bitcoins leadDaily cryptocurrency market efficiency. Source: Coin360Strong rate performances were likewise seen from numerous altcoins as the spike in Ether rate increased optimism throughout the sector. Litecoin (LTC) saw a price dive of 13% and currently trades at $153.50, while Maker (MKR) and Solana (SOL) extended their strong performance as each acquired almost 15%. The total cryptocurrency market cap now stands at $1.09 trillion and Bitcoins supremacy rate is 62.3%. Title: Bitcoin price hits $36,800 quickly after Ethereum closes above $1,500 Sourced From: cointelegraph.com/news/bitcoin-price-hits-36-800-shortly-after-ethereum-closes-above-1-500Published Date: Wed, 03 Feb 2021 05:16:34 +0000
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