Crypto Markets Report Losses, as Bitcoin (BTC) Grapples to Stay Afloat

The digital currency markets are posting modest declines, with Bitcoin (BTC) grappling to stay afloat, while its key counterparts continue to struggle in the red.

Mild advance, nothing big

BTC currently trades at around $3,467 as of this posting, gaining a mild 0.17 pct early this morning. The premier crypto climbed at 0.56 pct on its weekly chart, with its lowest price ceiling at $3,400 as of Jan. 28, and highest at $3,521 as of Feb. 3.

Ripple (XRP) has shed around 0.58 pct since late Tuesday, and now trades at $0.298. The altcoin started to experience a modest drop following a one-week peak point of about $0.333 last Jan 29.

Ethereum (ETH) – the third biggest coin in terms of market cap at $1123 billion – was slightly up 1.8 pct. As of this writing, ETH is trading at $107.64, shedding around 0.31 pct since late Tuesday.

How the others are faring

EOS, the 4th biggest cypto, is likewise shedding a percent loss for the day, trading around $2.40 at the time of this posting.  EOS has notched gains of roughly 4.74 pct in the last seven days, with a 12-pct drop on its weekly chart.

Binance Coin (BNB), on the other hand, is the day’s top advancer, soaring  9.5 pct and trading at around $7.79 as of presstime, based on CoinMarketCap’s index.

Total market cap of all 2,078 virtual currencies on the CoinMarketCap Index is around $113.8 billion as we speak, with a trading volume of around $16.4 billion.

Meanwhile, Cointelegraph on Tuesday disclosed that since the start of the year, major crypto exchanges have reportedly posted slight trading volumes, registering fresh lows not seen since 2017.

 

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Source: Bitcoin News