Monday , October 18 2021

Bitcoin remains USD 3,600 while most of the major digital currency get slight gains


Saturday, January 26: Most of the 20 major digital currency report slight gains in the day. Bitcoin (BTC) exceeds USD 3,600 again, according to Coin360 data, at the time of publication.

Market visualization from Coin360

Market view for Coin360

At the time of publication, Bitcoin does not experience a significant change in price today, trading around USD 3,607, according to CoinMarketCap. Regarding its weekly graph, the current price is less than USD 3,745, the price at which Bitcoin begins the week.

Do not Stop Reading: Digital Currency Critic Nouriel Roubini: Blockchain is not better than a Excel spreadsheet

Bitcoin 7-day price chart

Bitcoin weekly price chart. Source: CoinMarketCap

Ripple (XRP) has had a small change in its value in the last 24 hours prior to the closing of this edition, trading around USD 0.316, gaining little more than 0.5 percent in the day. In its weekly graph, the current price is less than USD 0.332, the price at which XRP started the week.Ripple 7-day price chart

Ripple weekly price chart. Source: CoinMarketCap

The second highest Etereum altocin (ETH) has also seen its value increase more than 0.5 percent in the last 24 hours. At the time of publication, ETH is trading at USD 117, having started the day with a dollar less. In the weekly chart, the current value of Ethereum is less than USD125, the price at which the currency began the week.

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Ethereum 7-day price chart

Weekly price chart for Ethereum. Source: CoinMarketCap

Among the top 20 cryptocurrencies, the ons experiencing the most notable price action are Tron, which is up almost 8 percent, Litecoin (LTC) and Binance Coin (BNB), which are both up about 3 percent.

The combined market capitalization of all cryptocurrency – currently equivalent to about $ 120.3 billion – is around 124.9 billion at press time, the value it reported a week ago.

Total crypto market cap 7-day chart

Weekly graph of the total capitalization of the digital currency market. Source: CoinMarketCap

As Cointelegraph recently reported, Nouriel Roubini, a notorious critic of the digital currency, has stated that Blockchain "is not better than an Excel spreadsheet" during a panel at the Blockchain Economic Forum in Davos.

In addition, a survey conducted by the Global Blockchain Business Council trade association recently showed that 40 percent of institutional investors believe that blockchain may be the most important innovation from the Internet.

More news on this subject: Survey: 40% of investors say that blockchain could be the most transforming technology from the Internet

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