Bitcoin Breaks the $3,450 Mark Amid Minor Stock Market Sees Downturn
At press time, Bitcoin is up three-quarters of a percent on the day, trading at around $3,462, according to CoinMarketCap. Looking at its weekly chart, the current price is just over half of a percent lower than $3,484, the price at which Bitcoin started the week.Ethereum (ETH), the second-largest altcoin by market cap, has seen its value increase by nearly four percent over the last 24 hours. At press time, ETH is trading around $109, after having started the day at $105. On the weekly chart, Ethereum’s current value is higher than $107, the coin’s price one week ago. Moreover, the current price is also nearly a percent lower than $110, the mid-week high reported on Feb. 3.The stock market is seeing a minor downturn, with the S&P 500 down 0.69 percent today and Nasdaq down 0.7 percent. The CBOE Volatility Index (VIX), on the other hand, has gained 6.72 percent of its value on the day at press time.Major oil futures and indexes are seeing mixed market movements, with WTI Crude down 0.15 percent and Brent Crude up 0.37 percent. Mars US, on the other hand, is down 1.12 percent, Opec Basket up 0.37 percent and the Canadian Crude Index down 0.36 percent, according to oilprice.com.Today news broke that, according to a leaked interview with a commissioner, a Bitcoin exchange-traded fund (ETF) will most likely ultimately gain approval from the United States securities regulator.