Feb 5, 2024

Bitcoin's (BTC) price inched above $43,000 in the last 24 hours on Monday after a relatively flat weekend, showcasing a recent pattern of low volatility ahead of the U.S. trading hours.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. The largest Cryptocurrency by market cap is rising above $43,000 on Monday after a relatively flat weekend, showcasing a recent pattern of low volatility ahead of the US trading hours. This comes as analysts at Coinbase said that selling pressure on Bitcoin was easing and macroeconomic factors favor the growth of Bitcoin prices. Meanwhile chain links link token is among the only crypto majors with a 7% jump in the past 24 hours extending a run after launching a 22 month high bullish sentiment for a link has strengthened in the past months on the back of rising interest in the tokenization of real world assets. RO network's Ron Token fell as crypto exchange. Binance stated it would list the tokens becoming the latest in a relatively new trend that sees token prices sink as the world's largest exchange by volume, announces their listings. That's a wrap for today's chart of the day. I'm Jen Sasi. We'll see you next time to unpack more of the data behind top news stories.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.