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CoinNess Market Surveillance Feb. 7: BTC Drops To $38000 Level

Sun, 07 Feb 2021, 03:09 am UTC

As of 3:00 (UTC) on February 7, the global price index of Bitcoin (BTC) has slid below the $39,000 level. At present, the coin marks $38,778.05 with an increase of 0.07% in the past 24 hours.

The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Neutral" with five indicators sending out selling signals, five showing neutral signals, and eight indicating buying signals.

The broad market is trading in a downtrend roughly, with 40 out of Top 100 cryptos by market cap rising.

The global market cap reads $1.17 trillion, and the 24-hour trading volume is $156.48 billion.

Major Coins

1. BTC quotes show 38,785.10 USDT on Binance, $38,820.00 on Bitfinex, $38,822.59 on Coinbase Pro and 38,782.06 USDT on Boboo.com;

2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $1,625.31 (-2.94%); XRP marks $0.4362 (+0.42%); BCH marks $445.50 (-3.96%); LTC marks $152.87 (+0.35%); EOS marks $3.12 (-1.34%); ETC marks $8.40 (+1.66%).

Top 3 Gainers and Losers in Cryptocurrencies

1. Top 3 gainers among Top 100 cryptocurrencies by market cap: MANA (+34.85%), DOGE (+30.05%), and CAKE (+22.89%);

2. Top 3 losers among Top 100 cryptocurrencies by market cap: 1INCH (-10.49%), FUN (-9.84%), and AMPL (-8.46%).

Cap Flows of Coins/Exchanges

1. Top 3 capital inflows within the last 24 hours: BTC (+$1.44 bln), ETH (+$775.66 mln), and BCH (+$203.63 mln);

2. Top 3 capital outflows within the last 24 hours: XRP (-$61.42 mln), UNI (-$22.07 mln), and ETC (-$19.38 mln);

3. Net inflows/outflows of exchanges: Binance (-$123.73 mln), Bitfinex (-$217.47 mln), and Coinbase Pro (-$9.81 mln).

Coinness

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