Bitcoin Hovers Under $4,000 as Top Cryptos See Mixed Movements
Saturday, Feb. 23 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time. Bitcoin (BTC) is hovering under the $4,000 mark again, according to Coin360 data.
Market visualization from Coin360
At press time, Bitcoin is down 0.26 percent on the day, trading at around $3,976 after a brief mid-day high of $4,005, according to CoinMarketCap data. Looking at its weekly chart, the current price is over 8 percent lower than $3,643, the price at which Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ethereum (ETH) is keeping its position as the largest altcoin by market cap, which is nearly at $15.6 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13.3 billion.
Ethereum is up by little over a tenth of a percent over the last 24 hours. At press time, ETH is trading around $148, after having started the day at the same price and reporting a mid-day low of about one dollar lower. On its weekly chart, Ethereum has seen its value increase nearly 17 percent from $123, the price at which the coin started the week.
Ethereum 7-day price chart. Source: CoinMarketCap
Ripple has lost 0.33 percent in the 24 hours to press time and is currently trading at around $0.32. On its weekly chart, the coin gained nearly 6 percent from $0.302, the price at which XRP started the week.
Ripple 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the ones experiencing the most notable price action are Maker (MKR), which is up over 6 percent, and NEM (XEM), which is up over 5 percent.
As Cointelegraph recently reported, the vice president of blockchain and digital currencies for IBM, Jesse Lund, said that he expects Bitcoin’s price to eventually hit $1 million.
On the other hand, co-founder of Reddit and known crypto bull Alexis Ohanian claimed that this week the crypto hype is gone, leaving space for true crypto believers.