{"id":171910,"date":"2021-02-06T01:30:00","date_gmt":"2021-02-05T22:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/altcoins-soar-to-multi-year-highs-while-bitcoin-price-gathers-steam\/"},"modified":"2021-02-06T01:30:00","modified_gmt":"2021-02-05T22:30:00","slug":"altcoins-soar-to-multi-year-highs-while-bitcoin-price-gathers-steam","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/altcoins-soar-to-multi-year-highs-while-bitcoin-price-gathers-steam\/","title":{"rendered":"# Altcoins soar to multi-year highs while Bitcoin price gathers steam"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3717eb2bf88\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3717eb2bf88\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoins-soar-to-multi-year-highs-while-bitcoin-price-gathers-steam\/#Democrats_vote_to_push_the_stimulus_bill_forward\" >Democrats vote to push the stimulus bill forward<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoins-soar-to-multi-year-highs-while-bitcoin-price-gathers-steam\/#Altcoins_push_higher\" >Altcoins push higher<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Altcoins soar to multi-year highs while Bitcoin price gathers steam <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Ether (ETH) led the market higher as it trekked toward another new all-time high at $1,763. ETH CME futures are scheduled to launch on Feb. 9, leading many analysts to predict that the top-ranked altcoin will hit $2,000 before meeting any significant resistance.\u00a0<\/p>\n<p>Data from Cointelegraph Markets and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\">TradingView<\/a> shows Ether currently trades at $1,714, an increase of 3.27% on the 24-hour chart while Bitcoin (BTC) is up 0.21% and trading at $37,633. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/a7e6fa5f-6140-4d35-8633-14770ad303c5.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Gas fees on the Ethereum network also set a new all-time high this week with the average transaction cost reaching $17.5 on Feb. 3, which prompted some exchanges to halt ETH and ERC-20 withdrawals. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/456a2693-b7f3-4a46-811a-ea412cd94d73.png\"><figcaption style=\"text-align: center;\"><em>Ethereum average gas price. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/chart\/gasprice\"><em>Etherscan<\/em><\/a><\/figcaption><\/figure>\n<p>On Feb.4 Yearn Finance (YFI) underwent an exploit which saw a hacker drain $11 million worth of DAI stablecoin from the version 1 DAI yield vault. The team has responded quickly by taking several steps to help mitigate the damage of the attack. <\/p>\n<p>These included Tether freezing $1.7 million in stolen funds which will be returned to the project and a proposal from the MakerDAO community to create a purpose-built collateralized debt position (CDP) to make affected users whole.<\/p>\n<p>Positive <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> came from Protego, a Washington-based institutional crypto custodian, who announced that it has become the second crypto-native firm to receive national licensing from the U.S. Office of the Comptroller of the Currency. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Democrats_vote_to_push_the_stimulus_bill_forward\"><\/span>Democrats vote to push the stimulus bill forward<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stocks rose on Friday as U.S. lawmakers passed a key hurdle in the rollout of the next stimulus package which could see individuals making less than $50,000 per year get a $1,400 stimulus check. <\/p>\n<p>A majority of the major indices finished the day in the green, with the S&amp;P 500, Dow and NASDAQ closing the day up 0.39%, 0.30% and 0.57% respectively. Silver also saw a gain of 2.82% and closed the day at $26.98. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Altcoins_push_higher\"><\/span>Altcoins push higher<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Bitcoin trades in a range between $36,000 and $38,000, altcoins are gaining momentum and multiple coins saw their prices breakout on Friday. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/f6182f30-3dea-4951-9137-0636bd28bf6f.png\"><figcaption style=\"text-align: center;\"><em>Daily cryptocurrency market performance. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>MakerDAO (MKR) gained another 45% to establish a new all-time high of $3,099 before correcting to $2,810, while the DeFi infrastructure protocol 0x (ZRX) has seen its price rise 61% to $1.63. <\/p>\n<p>Notable performers from the larger cap altcoins were Cardano (ADA), which is up 26.44%, and Binance Coin (BNB) which reached a new all-time high at $64.87 <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/d22e47f2-2e0a-4d37-b39d-d3a5eec912c9.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>The overall cryptocurrency market cap now stands at $1.17 trillion and Bitcoin\u2019s dominance rate is 60.1%.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/altcoins-soar-to-multi-year-highs-while-bitcoin-price-gathers-steam\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Altcoins soar to multi-year highs while Bitcoin price gathers steam &#8221; Ether (ETH) led the market higher as it trekked toward another new all-time high at $1,763. ETH CME futures are scheduled to launch on Feb. 9, leading many analysts to predict that the top-ranked altcoin will hit $2,000 before meeting any significant resistance.\u00a0&#8230;<\/p>\n","protected":false},"author":1,"featured_media":171911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvYzQ4NzAwNTEtZWRkNi00NmUzLWI0NWQtM2ZkOGY2NTU4N2M2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,74863,74868,82402,74891,75150,73785],"class_list":["post-171910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-defi","tag-ether-price","tag-ethereum","tag-market-update","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/171910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=171910"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/171910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/171911"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=171910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=171910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=171910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}