Cryptocurrency Price Analysis for the week January 28 to February 03

bitcoin price

Cryptocurrency Price Analysis for the week January 28 to February 03

Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.

Bitcoin (BTC)

Bitcoin had a tough week as the top coin slid 3.3% this week. The good thing about  Bitcoin is that it still hodls itself close to USD 3500. The prices hit the high point of USD 3,586.75 and the lowest point of USD 3,400.82 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were,  BitMex (12.28%), CoinBene (3.83%) and OKEx (2.66%).

Among prominent news around Bitcoin, BTC optimist Mohamed El-Erian is one of several candidates that Trump has shortlisted for the job of World Bank president.

coin360
Source: coin360.com

Ripple (XRP)

XRP still holds second place again but Ethereum still stays in close vicinity. On the top, this week the prices of XRP were at USD 0.333835 and towards the bottom, it quoted USD 0.285888. The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZB.COM(8.80%) ZBG (5.46%)  and Binance (3.37%)

For XRP this week, Ripple CTO, David Schwartz, has doubled down on “XRP Ledger Is Decentralized” argument.

Ethereum (ETH)

Ethereum on the top, this week was at USD 113.69 and were at lows of USD 103.34. The markets that were more active, in volumes, with ETH across various pairs this week were OEX (6.31%), Bibox (3.14%) and ZBG (2.07%)

Among news surrounding Ethereum this week, ConsenSys has, this week, listed 16 Ethereum Blockchain-based games one can make money playing.

The Other Movers and Shakers

The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on December 03 at 3:35 pm IST) were

Movers

  • Bitcoiin [B2G] – Showing a rise of 1029.93%
  • TraDove B2BCoin [BBC] – Showing a rise of 614.96%
  • Flash [FLASH]- Showing a rise of 411.88%

Shakers

  • Snapcoin [SNPC]- Showing a drop of 63.93%
  • MinCoin [MNC] – Showing a drop of 58.77%
  • Grin [GRIN] – Showing a drop of 58.74%

What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.

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Cryptocurrency Price Analysis for the week January 28 to February 03
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Cryptocurrency Price Analysis for the week January 28 to February 03
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Bitcoin had a tough week as the top coin slid 3.3% this week. The good thing about  Bitcoin is that it still hodls itself close to USD 3500. The prices hit the high point of USD 3,586.75 and the lowest point of USD 3,400.82 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were,  BitMex (12.28%), CoinBene (3.83%) and OKEx (2.66%).
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Nilesh Maurya 650 Articles

Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Reach out to him at Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Reach out to him at [email protected]

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