Cryptocurrencies turn green this Friday, when purchases return to the market after Thursday’s falls. Bitcoin wants to try again above $40,000 but experts warn that the corrective phase is not over yet.
Ethereum returns to the rise and flies above $2,800, a resistance level that has limited the rise in recent days. Thursday’s falls were in line with what the charts for the second-largest digital currency by market capitalization were pointing to, and the price retested the $2,600 support. In fact, it left a low slightly below this price, according to data from CoinMarketCap, and sent a good feeling by managing to close above it; hence, the experts indicate that it can try again at $2,800.
This is the area to overcome for ether – the unit of the Ethereum network – to have any chance of recovering the $3,000 it lost on January 21.
Other news related to this currency highlight that the transfer activity on the Ethereum network has seen an increase during the beginning of February after the whales of ether (ETH), the native token of this chain of blocks, began to move the cryptoactive in large quantities. Almost 90,000 coins moved from Binance to unknown wallets on February 3.
Also noteworthy are the increases in the SOL token of the Solana network or the LUNA token of Terra. The former returns to prices above $100, from yesterday’s falls to $95, while the latter advances above $51.
Several news items have contributed to this behavior. On the one hand, the project has announced the launch of a new set of decentralized payment standards and protocols to allow merchants to get paid on the Solana blockchain. According to a communication on Twitter, it is “an open-source, secure, decentralized payment protocol for the next generation of merchant payments.”
On the other hand, the optimism surrounding this token has also added the news that Phantom had raised $109 million in a series B funding round. The platform also launched a Phantom app on iOS devices.
As for Terra, it has been under the spotlight for the scandal related to decentralized finance (DeFi) platform Wonderland.
Cardano also leaves notable gains, while dogecoin is torn between red and green. The total capitalization returns to $1.75 billion after yesterday’s drops in the combined market value of cryptocurrencies.
By Audy Castaneda
