Major Currencies Gradually Roll Back After Short Recovery, Bitcoin Stays Over $3,600
BTC has been trading sideways during the last 24 hours, but the coin is still above over its psychological threshold of $3,600 at press time. As Cointelegraph previously reported, the top currency gained over $200 in value on Friday, Feb. 8, hitting $3,691 at some point during that day.Ripple (XRP) — currently the world’s second-largest cryptocurrency — has seen almost a 3 percent decline and is now trading around $0.3. Its market capitalization has shrunk in last 24 hours to a total of $12.5 billion in comparison to yesterday’s $12.7 billion.However, XRP still surpasses Ethereum (ETH), the next largest crypto, by market cap. ETH has also lost over 2 percent in price throughout the day and is hovering around $115. Its market cap is now around $12.3 billion after reaching $12.5 billion at some point on Saturday, Feb. 9.Moreover, the commissioner of the United States Securities and Exchange Commission Heister Peirce, who is labeled “Crypto Mom” for her attitude to the industry, spoke out on the regulation issues in U.S in a recent speech. She believes that the lack of clear legal framework for crypto allows technology to come into its own.