Most Cryptos See Gentle Green Amid Exceedingly Calm Market Picture

Published by TycoonHawk on

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.

Bitcoin 7-day price chart. Source: CoinMarketCap

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.Bitcoin 7-day price chart. Source: CoinMarketCap

Ethereum (ETH) — holding on to its newly-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.

Ethereum 1-month price chart. Source: CoinMarketCap

On the month, Ethereum is similarly stable, trading at virtually the same price point (0.4 percent down) as in mid-January.

Ethereum 1-month price chart. Source: CoinMarketCap

In the latest Ethereum core dev call, ETH co-founder and others have dismissed allegations that a new smart contract creation feature set to be released in the future.Constantinople hard fork will have negative security implications.


Leave a Reply

Your email address will not be published. Required fields are marked *