Top 3 Cryptocurrencies for February 04 2023; Bitcoin At US$23.5K

It is a weekend and it seems like the crypto market might as well have one more reason to rejoice as Bitcoin, one of the top 3 cryptocurrencies for February 04, 2023, looks bullish at US $23.5K. The global cryptocurrency market capital is now US$1.09 Trillion and has risen by a whopping 1.39% in the past 24 hours.

Bitcoin (BTC) is currently trading at US $23,501.07 after jumping 0.72% in the past 24 hours. Today's trading price of Bitcoin marks the 2.30% gain in the past 7 days. In addition to this, the market capital of Bitcoin is currently at US$453 billion. After 490 long days of bear market, the bull run for Bitcoin seems to be happening. The bull run is expected to last 2 and a half years.

Latest reports suggest that fees for transactions on the Bitcoin blockchain are going up as people start minting hundreds of NFT tokens on the network for the first time. This might just be the start of a new trust in Bitcoin.

The number second cryptocurrency as per our analysis is Ethereum(ETH) which is trading at $1,684.51 and witnessed a jump of 2.88% in the past 24 hours. The market cap of ETH is $206 billion. ETH saw a jump of 6.97% in the past seven days, as a bullish sentiment seems to take over crypto yet again. 

https://twitter.com/TheDustyBC/status/1621630357140541440   

Also, Russia's largest bank Sberbank, to launch its own DeFi platform on the Ethereum network before May 2022. This news certainly sounds like ETH investors might have hit pay dirt!

The third best-performing crypto is the stablecoin Tether(USDT) as it reaches a market cap of 68 billion, by trading at US$1. Meanwhile, Binance's BNB is trading at US$331.82 after a jump of 0.19% in the past 24 hours.