TRON Spikes 134% in 1 Month: Will the Crypto Sector’s Strong Performance Push Bitcoin Higher?

In the last 48 hours, since its daily peak on January 26, the Bitcoin price has declined from $3,657 to $3,515, by nearly four percent against the U.S. dollar, while TRON surged by 10 percent on the day.

The decline in the Bitcoin price has led the valuation of the crypto market to drop by $2 billion from $221 billion to $219 billion.

Major crypto assets in the likes of Ethereum (ETH), Ripple (XRP), EOS (EOS), and Bitcoin Cash (BCH) initiated losses in the range of three to five percent.

According to a study conducted by PwC, a Swiss IT consulting form Inacta, and Crypto Valley Venture Capital (CVVC), the number of crypto startups in the region has increased from 629 to 750 in the fourth quarter of 2018.


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