Bitcoin (BTC) price is trading in the corridor between $ 32,000 and $ 35,000. As this article is being prepared, the digital asset has begun to make an “organic” move over the declining trendline resistance that has been going on since January.
According to Cointelegraph Markets and TradingView data, Bitcoin was finding buyers at $ 34,286.
4-hour candlestick chart (HitBTC) for the BTC / USDT pair. Source: TradingView
As reported by Cointelegraph, Ki Young Ju, CEO of crypto analytics firm CryptoQuant, pointed to a potential bullish indicator for Bitcoin in the near future despite horizontal price movements.
More than 15,000 Bitcoin from Coinbase Pro recently, according to Ju withdrew and these downs are “good signs”.
Financial markets, on the other hand, are talking about fluctuations in the price of Dogecoin (DOGE) and XRP that occurred via r / Wallstreetbets on Reddit.
XRP price, which rose 147 percent to $ 0.76 overnight, saw a 47 percent correction.
r / Wallstreetbets short sellers raise the price of silver
An increase has begun to be observed in traditional markets. Some of the losses suffered on January 29 were compensated. The S&P 500, Dow Jones and NASDAQ exchanges saw positive price action on February 1 and closed the day with 1.61%, 0.76% and 2.5% respectively.
Silver price against the dollar. Source: TradingView
As announced over the weekend, members of the r / Wallstreetbets investment group focused on the precious metals market. Silver futures have risen above $ 30 for the first time since 2013.
Then the market settled and silver is currently trading at $ 28,554.
Competition in decentralized exchanges heats up
The competition between DeFi tokens Uniswap and Sushiswap is heating up. Local tokens on both decentralized exchanges saw a clear increase in value.
Both tokens reached their highest level in 2021. The UNI price increased 17 percent and started trading at $ 20.44. SUSHI, on the other hand, increased 28 percent to $ 12.73.