BTC, ETH, DOGE and AVAX show signs of recovery

Over the seven days to February 1, bitcoin (BTC) saw a 4.7% increase, with levels peaking at 8.7% on January 29.

However, the token dropped 0.71% over the 24 hours to February 1. Although there is known turbulence with BTC, it seems to be looking up in its weekly percentage figures.

The second most favoured coin, ethereum (ETH), saw a spike too. Its rose by 13.5% across the same week and was up 2.7% in the 24 hours prior to February 1, amounting to £2,064.19 by the time of writing.

It’s not just the two most popular coins that are doing well, several other cryptocurrencies are breaking the stigma that surrounded them during the first month of 2022.

ETH’s biggest competitor, Avalanche (AVAX) saw a price increase of 8.22% over the same seven days and grew by 91% in the hour prior to writing.

Although the coin is 50.34% below its all-time high of £108.15, the currency is growing steadily and stands at £53.707584 per AVAX, at the time of writing.

Dogecoin (DOGE) is also another popular cryptocurrency on the rise this week. The coin’s price rose by 0.67% over the seven days, with an increase of 0.28% in the 24 hours to February 1. At time of writing DOGE was at £0.1058.

A few coins; including BTC, have been having a rollercoaster of a time. One is Solana, which has incurred rapid changes this month, even recently crashing 16% over the course of 24 hours.

Now, the prices range once more, with a positive increase of 19.75% in the past seven days. This was followed by a further increase of 9.02% in the 24 hours prior to writing, but a drop of 2.11% over the final hour of that period.

Polygon has also fallen over the last 24 hours, with a drop in price of 0.97% from a positive 7.99% increase over the last week, and a 0.84% decrease over the last hour with the current price by the time of writing: £1.21.

While there has been promising albeit temperamental results, these figures have been a vast improvement in comparison to the abysmal month the market’s had.

That being said, slow and steady wins the race and a step in the right diffraction is a step nonetheless.

With bitcoin analysts predicting a price increase earlier in the year, and El Salvador fighting for its rights to keep the coin as a legal tender (please link the new EL Salv story from above). The conversation seems to be moving in the right direction for cryptocurrencies again.

If this exciting week for crypto has you interested, head over to Bitcasino, 1xBit and FortuneJack to play.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

Similar News