On February 2, trading of Bitcoin approached $3,500 before settling at around $3,475. This came amid a mixed day for other leading digital currencies. In spite of rising from $3,437 at the beginning of the day, Bitcoin is still down around 3% for the week. The largest cryptocurrency based on market capitalization started the week at a little more than $3,600. Ethereum, which is currently the second biggest cryptocurrency, rose about 0.5% for the day. It is currently trading at around $108 after starting the day at around $107. Still, the digital currency had an even worse week than Bitcoin. It fell around 7% from the $117 it was worth at the beginning of the week. Ripple remained mostly steady in trading during the day, falling a modest 0.5%. It is trading at $0.306, which is only slightly off the $0.316 it began the week at. Though it is off a steeper amount from its mid-week high, which was $0.333. In regards to other digital currencies in the top 20, Monero and Binance Coin experienced the greatest movement. Monero was down by more than 4% while Binance Coin rose nearly 3.5%. The mixed day for cryptocurrencies came amid news that the U.S. state of Wyoming had approved a bill that will officially recognize digital currencies as money in the state starting at the beginning of March. In regards to traditional financial markets, on February 1, the S&P 500 experienced modest gains, closing the trading day up 0.1%. The Dow Jones Industrial Average also experienced modest gains, helping it maintain its current 6-week winning streak. Bolstering trading was a positive U.S. jobs report. But some experts believe that the markets are experiencing what is called a bull trap, which means that, even though signals are indicating a bull market, the opposite is actually true. On February 1, the price of oil rose 3%. Analysts believe that this was in response not only to the performance of the stock market but also to U.S. sanctions against Venezuelan oil. Various types of oil are all doing well, including Brent Crude, Mars US, Opec Basket and WTI Crude.