Triaconta Weekly 110 | 7 February, 2020
The following topics will be addressed in this weekly.
- Bundles performance
- Market overview
Bitcoin (BTC) shows a slight increase. It is mainly the altcoins that show good increases, with Ripple’s XRP (XRP) as the biggest climber. The increase is probably due to news that Ripple is partnering with remitter service provider Intermex. Ethereum (ETH) stands at a growth of 19.53% at the time of writing.
1 Month: 37.03% 7d: 13.05% 24H: 2.47%
1 Month: 64.84% 7d: 17.14% 24H: 2.43%
1 Month: 45.97% 7d: 26.42% 24H: 3.94%
Substantial growth in XRP wallet addresses, new money comes from these corners | The price of XRP shows a considerable growth, which also means a significant increase in the number of users. This increase appears to be the result of new money invested into XRP, coming mainly from North America, Korea and Japan. The presumption of this being new money is confirmed by the number of active XRP wallet addresses that increased by no less than 178.2% within this passed week. Question arises whether this recent growth of XRP is sustainable, should these new investors primarily interested in turning token into profit instead of a long term investment.
Bitcoin (BTC) price peaks while Chinese stock market crashes due to Coronavirus | While the world’s financial markets suffered a crash with the outbreak of the deadly coronavirus, BTC price has increased significantly over the last days. China enters a period of virtual shutdown, leading the second largest economy to a standstill. However, Bitcoin seems to remain untouched, even showing an increase. A movement that we saw earlier after the United States drone attack on Iranian general Gen Soleimani. This continuing growth seems to confirm Bitcoins reputation as a so-called safe haven asset.
Ethereum Miners Hoarding ETH Approaches All-Time High | The amount of ether held by ETH mining pools is near its all-time high of 1.69 million, with a total value of around $ 300 million. The steady accumulation suggests high confidence levels, despite the market price for ether falling close to 50 percent. Experts say that we can expect a breakthrough within these next few days.