Stock Market Sees Significant Growth, While Bitcoin Keeps Stability Over Past 7 Days

The major cryptocurrency Bitcoin is up around 0.2 percent over the past 24 hours, and is trading at $3,470 as of press time. However, following some slight losses on the week, Bitcoin is holding its weekly momentum, reporting 0.26 growth over the past 7 days at press time. With that, Bitcoin is down significantly over the past 30 days, down 8.6 percent from around $3,799 on Jan. 4. Ripple (XRP), the second-largest cryptocurrency by market cap, is up about 0.76 percent over the day, and is trading at $0.303 as of press time. The digital coin is up 3.89 percent over the past 7 days. The third top crypto, Ethereum (ETH), is seeing slight growth of around 0.86 percent at press time, up by 2.86 on the week, trading at $108.29 at press time. Total crypto marketcapitalization amounts to $114 billion at press time, seeing a slight increase from $113.4 billion over the 24-hour period. Maker (MKR) token, the 19th top coin by market cap, has seen its price skyrocket by more than 17.5 percent on the day. Other coins that have seen significant fluctuations over the past 24 hours are Binance Coin (BNB) and Tron (TRON), which are up 6.8 and 6.26 percent, respectively.Recent reports revealed that major Canadian crypto exchange QuadrigaCX has lost $145 million in digital assets following the sudden death of its founder Gerry Cotten, who was the sole controller of the exchange’s cold wallets and corresponding digital keys.Following the news, crypto and blockchain writer Joseph Young emphasized that QuadrigaCX’s incident will “not have any impact on Bitcoin,” citing the Chainalysis report revealing that around four million bitcoins had been lost forever due to wallet losses or physical destruction by November 2017. At press time, such amount of Bitcoin is worth of $13.8 billion, or around 22 percent of its current market capitalization.