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Bitcoin Reaches $3,680, Other Cryptocurrencies Are Reporting Gains

Stefan by Stefan
08/02/2019
in Bitcoin News
Reading Time: 2 mins read
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Following the latest bitcoin news, we can see that the price of the number one asset reached $3,687 and finally broke past the $3,450 point while other cryptocurrencies are also reporting gains.

Bitcoin is now up by three-quarters of one percent this day and in comparison with the weekly chart, the current price is by 8 percent higher than it was since it started the week at $3.462.

Ripple for example, also gained about 2 percent over the past 24 hours and is currently trading at $0.31 which makes the altcoin 7 percent higher to where it was when it first started the week.

Ethereum has also reached a slight increase over the 24 hours and is now trading at $120 after starting the week at $107. The current price is higher than the mid-week high of $110.

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Among the other top 20 cryptocurrencies, Litcoin has seen some of the biggest growth in price up to nearly 16 percent and has overtaken EOS’s place as the fourth cryptocurrency by market cap. The spike in prices could be a result of the recently announced partnership between Litecoin and Beam. Charlie Lee said that he will now focus on making the cryptocurrency more fungible and private.

If we take a look at the traditional stock market we can see a minor downturn with Nasdaq dropping down by 0.7 percent and S&P 500 is also down by 0.69 percent. Some analysts argue that the current growth of the stock market is a bull trap.

The cryptocurrency market, on the other hand, might have gotten spiked after news broke out about the high potential of approving the Bitcoin exchange-traded fund.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: $3680areBitcoincryptocurrenciesfeaturedGainsotherreachesreporting
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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