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BTC Hits 36,800 Shortly after ETH Closes above 1,500

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On Feb. 2 Ether ETH saw its price breakout to a new alltime high at 1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the longterm prospects of the largest altcoin by market capitalization. Bitcoin price also saw a bullish breakout as it finally crossed above the 35,000 resistance and currently trades for 36,700

Prominent business personalities like Elon Musk, Michael Saylor and Mark Cuban continued to engage the public with discussions revolving around the benefits of blockchain technology and decentralized finance. In remarks to the reddit group rWallstreetbets, Cuban said that stocks will be on the blockchain in the future.

Circles USD Coin USDC has now been integrated with the Stellar blockchain, enabling the stablecoin to be transacted on the Stellar network and possibly take some of the strain of the clogged Ethereum network.

Data from Glassnode shows USDC transaction volume on Ethereum has steadily been increasing over the past year as the Coinbase backed coin steadily gains ground on Tether USDT. Utilizing Stellar blockchain will greatly reduce USDC transaction fees and free up space on the Ethereum network.

Source FXPro

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