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Bitcoin prices steady but can’t breach $3,500 mark

February 5, 2019

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Bitcoin prices were mostly unchanged on Tuesday, stuck in a tight range below $3,500.

In early trading, a single bitcoin BTCUSD, +0.04% was fetching $3,449.31, up 0.1% since Monday’s level at 5 p.m. Eastern Time on the Kraken crypto exchange. The cryptocurrency has spent the past 48 hours trading inside $3,410 – $3,460.

What are analysts saying

As the crypto bear market rolls on, it has become apparent that many projects are struggling to meet fundraising targets, according to Anthony Pompliano, founder of Morgan Creek Digital, which he described as the “worst secret in crypto.”

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