Bitcoin Hovers Near $4,000 to Remain Stable while Majority of Top Crypto Coins See Green Arrows


After a few weeks in which Bitcoin and virtual currencies did not stop falling, the market is showing some stability. Bitcoin (BTC) is currently traded close to $4,000 while most of the virtual currencies are operating positively.

At the time of writing this article, all top 17 virtual currencies are operating in the green area. Bitcoin Satoshi Vision (BSV) has registered the lowest growth among the top 10, close to 2.15%, followed by Bitcoin with an increase of 2.26%.

The largest gainers among the top 10 are Ethereum (ETH) with an increase in the last 24 hours of 13.77% followed by EOS with an increase of 8.26%. XRP registered a growth of 3.57%, Bitcoin Cash (BCH) 5.52%, Stellar Lumens (XLM) 3.5%, Litecoin (LTC) 7.21%, Tron (TRX) 5.18% and Cardano (ADA) 7.01%.

Ethereum and Bitcoin Cash have registered the largest gains in the top 10 during the last 7 days. Bitcoin Cash experienced a price increase of almost 140% while Ethereum grew 46%. EOS is closely following them with an increase of almost 42%.

During the last few days, Bitcoin has stabilized around $4,000. Although it broke under $4,000 a few hours ago, it does not fall further. This shows that traders are not allowing it to keep falling. Since November, Bitcoin has lost almost 50% of its price when it moved from $6,300 down to $6,250.

At the time of writing this article, Bitcoin is being traded around $4,000 and it has a market capitalization of $69.71 billion. There are several analysts, such as The Crypto Dog on Twitter, that believe that the market is currently ‘pretty bullish.’

The Crypto Dog believes that we are currently in a major resistance area and that it could go higher in the future.

Nevertheless, he said that not much higher than $5,400 or $6,300. At least in the near future.

 

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