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Bitcoin Falls Under $10,700 as Top Cryptos See Mixed Movements

After crossing $11,000 recently, bitcoin has corrected downward to trade under $10,700.

Monday, June 17 — Most of the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as bitcoin (BTC) trades under the $10,700 mark.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin is currently down over 4.65% on the day, trading around $10,644 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 16%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

As Cointelegraph reported yesterday, bitcoin crossed $11,000 in under 24 hours after crossing $10,000.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at over $32.8 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $19.9 billion at press time.

Coin360 data shows that ether’s price has decreased by 1.69% over the last 24 hours. On the week, the coin has also gained over 13% in value. Just yesterday, ether hit a 10-month high.

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

XRP is up just over 1% over the last 24 hours and is currently trading at around $0.473. On the week, the coin is up about 12%.

XRP 7-day price chart

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, both bitcoin cash (BCH) and tron (TRX) are seeing reasonable gains, both trading up over 4% at press time to trade at $478.68 and $0.036, respectively.

At press time, the total market capitalization of all cryptocurrencies is $324 billion, over 14.8% higher than the value it reported a week ago.

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Bitcoin Fails to Hold $8K as Cryptos Trade Sideways, Stocks Tumble After Recent Surge

Cryptocurrency markets are trading sideways, most of the top 20 coins by market cap are seeing slight losses over the past 24 hours.

Tuesday, June 11 — crypto markets are trading sideways, with the top 20 coins by market cap predominantly seeing red at press time, according to data from CoinMarketCap.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) has failed to hold the $8,000 price point that it broke yesterday after seeing another dip below $7,900 before. At press time, bitcoin is trading at $7,878, down 0.82% over the past 24 hours, seeing a sufficient recovery from the intraday low of $7,778. The biggest cryptocurrency is up 1% over the past 7 days.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Ether (ETH), the second cryptocurrency by market cap, is down 0.85% over the day to trade at $242.97. Over the past 7 days, the altcoin is down around 0.38%.

Ether 7-day price chart

Ether 7-day price chart. Source: CoinMarketCap

Ripple (XRP), the third top cryptocurrency by market cap is down 1.44%. The major coin is down 3.15% over the past 7 days. Yesterday, Ripple was reported to expand its operations to Brazil as part of plans to expand into Latin American markets generally.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

While the majority of the top 20 coins by market capitalization are seeing losses at press time, Tezos (XTZ), ranked 19th, is seeing the biggest losses of around 3.2%.

Total market capitalization has recovered to $252 billion at press time after dropping to as low as $248 billion earlier today. Daily trade volume has significantly declined from $67 billion in the beginning of the day to $57 billion at press time.

Total market capitalization 24-hour chart

Total market capitalization 24-hour chart. Source: CoinMarketCap

Earlier today, major South Korean bank KB Kookmin Bank announced a partnership with blockchain technology firm Atomrigs Lab to explore digital asset management and protection solutions. According to a recent tweet by crypto and blockchain writer Joseph Young, Kookmin Bank announced on June 10 that it is planning to launch custody services for digital assets.

Also today, Nasdaq, the world’s second-largest stock exchange, has revealed plans to release an institutional-grade crypto pricing product in collaboration with cryptocurrency data provider CryptoCompare.

The United States stock market has rallied earlier today amid the anticipation that the Federal Reserve should soon reduce interest rates, CNBC reports. However, stocks have subsequently reversed to see losses, with the Dow Jones Industrial Average (DJIA) having dropped about 0.2% at press time. The S&P 500 (SPX) and Nasdaq (NASDAQ) Composite are down 0.2% and 0.3%, respectively.

Oil prices have seen mixed signals today, with the OPEC basket surging 3.5%, while West Texas Intermediate (WTI) crude oil edged up 0.1% and Brent crude dropped 0.1% at press time, according to Oilprice.com.

Meanwhile, gold prices dipped earlier today as investors allegedly booked profits after big gains over the past weeks. At press time, spot gold has tumbled about 0.3%, while U.S. gold futures gained 0.2%.

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Bitcoin Reclaims $8K as Coins See Green, Experts Warn of Ominous Stock Market Volatility

The crypto markets are today back firmly in the green, with bitcoin (BTC) breaking back above the $8,000 mark.

Friday, June 7 —  after recent shaky sentiment, the crypto markets are today back firmly in the green, with bitcoin (BTC) breaking back above the $8,000 mark, as Coin360 data shows.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Having bullishly surged above the psychological price point of $9,000 in May, bitcoin has since seen significant corrections — briefly trading below $7.600 on June 6. To press time, the top coin is seeing solid green, breaking back above $8,000 to trade at $7,003 — up roughly 1.8% own on the day, according to CoinMarketCap data.

On the week, the cryptocurrency’s losses remain at 3.9%.

Bitcoin 24-hour price chart

Bitcoin 24-hour price chart. Source: CoinMarketCap

Largest altcoin by market cap ether (ETH) has seen a gain of 1.21% on the day to press time to trade around $250. Having traded above $270 on June 1, ether has corrected downwards and remained range-bound in the $240-50 range in recent days.

The altcoin is reporting a mild 2.66% loss on the week.

Ether 7-day price chart

Ether 7-day price chart. Source: CoinMarketCap

XRP has reported a solid 4.36% gain on the day to trade at $0.42 by press time. The asset hit its intraweek price peak on June 3, when it traded close to $0.46. On the week, XRP’s losses stand at a slight 0.6%.

 

XRP 7-day price chartXRP 7-day price chart. Source: CoinMarketCap

Among the top ten cryptocurrencies at press time, all are in the green except for eighth-largest coin bitcoin sv (BSV), which has reported a 1.26% loss on the day to trade around $198.

The highest 24-hour gain has been sealed by fifth largest crypto litecoin (LTC), which has surged 8.45% to trade at $113.50. Other top ten coins such as bitcoin cash (BCH), stellar (XLM) and eos (EOS) are seeing milder gains of between 1 and 3%.

Widening out to the top twenty, virtually all coins are green, with the exception of ethereum classic (ETC), which is down a slight 0.8% to trade at $7.94 by press time.

17th largest coin tezos (XTZ) has seen the highest gain, growing 12.65% to trade at $1.34 by press time. Cosmos (ATOM) is reporting a 5.25% gain on the day, with cardano (ADA), neo (NEO) and nem (XEM) seeing more typical gains of between 3.5 and 4% on the day.

To press time, the total market capitalization of all cryptocurrencies is at around $255.78 billion — as compared with an intraweek high of $276.56 billion on June 2. Bitcoin dominance is at 55.5%.

Total market capitalization of all cryptocurrencies

Total market capitalization of all cryptocurrencies. Source: CoinMarketCap

In crypto market news, margin lenders on American cryptocurrency exchange Poloniex reportedly lost around $13.5 million due to a flash crash on May 26. A blog post from the exchange outlined that a severe price crash in the clams (CLAM) market had led to margin loans losses amounting to roughly 1,800 bitcoin — approximately $13.5 million at the time.  

Meanwhile, further alleged details continue to surface in regard to Facebook’s much-anticipated crypto project, with fresh reports claiming that there are now 100 people known to be working on the project according to profiles on the professional networking platform LinkedIn.

In traditional markets, CNN Business has reported that Masanari Takada, a strategist at Japanese financial holding company Nomura, has warned that recent swings on Wall Street are becoming ominously similar to the market sentiment that preceded the 2008 Lehman crash and subsequent financial crisis.

Today’s early stock markets have nonetheless shown strong openings. As of 6:21 AM (EDT) the Stoxx Europe 600 Index increased 0.8% — its reported highest in over 2 weeks, Bloomberg reported. Futures on the S&P 500 Index also saw their reportedly largest increase in the same time period, rising 0.3%, while the United Kingdom’s FTSE 100 Index increased 0.7% — its largest hike in over three weeks.

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Bitcoin Continues to See Negative Corrections After Breaking $9,000, US Stocks Tumble

Bitcoin has seen significant volatility on the day, with the intraday high above $8,800 and a low below $8,500.

Monday, June 3 — after seeing a short recovery attempt yesterday, crypto markets have seen another negative correction, with most of the 20 major coins in the red.

According to data from CoinMarketCap, only four out of the top 20 cryptos by market cap are seeing gains at press time, with cosmos (ATOM) and bitcoin sv (BSV) seeing the largest gains over the day, up around 15.3% and 15% respectively. In contrast, tron’s (TRX) price has plunged 8%, which is the biggest loss over the day among the top 20.

Market visualization from Coin360

Market visualization from Coin360

After breaking a new 2019 threshold of $9,000 on May 30, bitcoin (BTC) has seen a significant price correction after multiple recovery attempts. The biggest cryptocurrency had not managed to hold the $8,600 price point yesterday, and even dropped below $8,500 earlier on the day.

At press time, bitcoin is trading at $8,550, down 2% over the past 24 hours. Bitcoin has seen sufficient volatility on the day, with its intraday high of $8,808 while the intraday low amounted to $8,471 as of press time. Over the past seven days, bitcoin is down around 2.4%.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Ether (ETH), the second-largest cryptocurrency by market cap, tumbled about 2.6% to trade at $264. The top altcoin is down 1.7% over the past 7 days.

Ether 7-day price chart. Source: CoinMarketCap

XRP, the third-top cryptocurrency by market cap, is one of the few top 20 coins that has seen some gains on the day. At press time, XRP is up about 1% to trade at $0.446, and is also seeing considerable growth over the past 7 days, up almost 8%.

XRP 7-day price chart. Source: CoinMarketCap

Total market capitalization has dropped below the $270 billion threshold earlier today, accounting for $271 billion at press time, according to CoinMarketCap. Daily trade volume hovers around $70 billion after reaching $104 billion over the past seven days.

Total market capitalization 7-day chart. Source: CoinMarketCap

Yesterday, Cointelegraph reported that the decentralized exchange (DEX) launched by the major crypto exchange Binance will block website access to users from 29 countries starting from July 1.

Earlier today, social media giant Facebook was reported to be discussing the regulatory issues around its upcoming stablecoin — called Globalcoin — with the United States regulator the Commodity Futures Trading Commission.

The United States stock market tumbled today amid the intensifying trade war between the United States and China. At press time, the Dow Jones Industrial Average (DJIA) is down about 355 points by 1.4%, while the S&P 500 (SPX) and Nasdaq (NASDAQ) Composite dropped 1.3% and 1.5% respectively.

Oil prices are seeing moderate gains at press time, with West Texas Intermediate (WTI) crude oil and Brent crude having edged up 0.7% and 0.5% respectively, according to Oilprice.com, while the OPEC basket is up 2.1%.

Meanwhile, gold prices have reportedly hit a two-month high today amidst the trade tensions between the two major economies as well as Washington’s threat of tariffs on Mexico, which intensified concerns of a global recession, CNBC reports. At press time, both spot gold and U.S. gold futures are up around 0.8% to trade at $1,315 and 1,321 per ounce respectively.

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Bitcoin Breaks $9,000 In Latest Landmark Price Point

In the latest milestone of its renewed bull run, bitcoin today broke past $9,000, soaring to its highest price point in over a year.

Thursday, May 30 —  in the latest milestone of its renewed bull run, bitcoin (BTC) today broke past $9,000, soaring to its highest price point in over a year. Most of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows.

Market visualization courtesy of Coin360

Bitcoin broke the psychological price point of $9,000 earlier today, hitting a high last seen in early May 2018. To press time, the top coin is up 1% on the day and is trading at $8,802, according to CoinMarketCap data. In recent days, bitcoin had been comfortably trading in the $8,600-800 range.

On the week, the cryptocurrency’s gains have surged to a bullish 14.5%.

 

Bitcoin 24-hour price chart. Source: CoinMarketCap

Largest altcoin by market cap ether (ETH) has seen a gentle gain of 2.25% on the day to press time to trade around $279. Ether has correlated with bitcoin’s price surge, breaking above $285 earlier today. The altcoin last traded in a similar range in the first week of September 2018.

Ether has sealed a strong 16.7% gain on the week.

Ether 7-day price chart. Source: CoinMarketCap

XRP has reported a 2% gain on the day to trade at $0.46 by press time. The asset has seen positive upward momentum since May 27, and has capped a gain of above 21% on the week.

XRP 7-day price chart. Source: CoinMarketCap

Among the top ten cryptocurrencies at press time, seven are in the green. The three outliers — eos (EOS), litecoin (LTC) and native exchange token binance coin (BNB), ranked fifth, sixth and seventh largest coins by market cap respectively — are all reporting slight losses of below 1%.

A major outlier in a green direction is eighth largest coin bitcoin SV (BSV), which has seen an almost 11% gain on the day to trade at $201.78 to press time. Other top ten cryptos are reporting gains of up to 2% on the day.

The co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan has claimed that fake news circulating in China may be responsible for bitcoin sv’s sudden recent price surge.

Widening out to the top twenty, two further coins are seeing red — dash (DASH), which has seen a negligible 0.2% loss, and iota (MIOTA), which has reported a more sizeable loss of 5.6%. The highest gain has been secured by 16th largest crypto cosmos (ATOM), which has surged 23.35% on the day to trade at $5.85 by press time.

Ethereum classic (ETC), neo (NEO) and nem (XEM) — ranked 18th, 19th and 20th respectively — have all seen above average gains, of 2.7%, 3.4% and 5.8% each. Other coins are seeing 24-hour gains of below 2%.

To press time, the total market capitalization of all cryptocurrencies is at around $277.87 billion — having brushed $286 billion earlier today — with bitcoin dominance at 55.7%.

Total market capitalization of all cryptocurrencies. Source: CoinMarketCap

In a tweet today, Shapeshift CEO Erik Voorhees contrasted bitcoin’s price performance with the tulip bubble — which is usually cited as a pejorative comparison by cryptocurrency skeptics. Voorhees remarked:

“Tulips never re-emerged to hit new ATH’s.  Bitcoin does it every couple years. Anyone equating the two needs to explain this discrepancy.”

As Cointelegraph reported today, United States copyright archive data indicates that Wei Liu, a Chinese citizen residing in California, claimed copyright to bitcoin’s (BTC) white paper on May 24.

In other crypto news, Russian-developed encrypted instant messaging service Telegram has officially released a test client for its Telegram Open Network (TON).

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Bitcoin Surges Above $6,300, Hits Dominance Records From December 2017

Bitcoin is seeing the biggest gains over the top 20 coins by market cap, breaking the highs of November 2018.

Friday, May 10 — bitcoin (BTC) has seen another rally today, having surged above the $6,300 price mark and hit market dominance records from December 2017, according to data from CoinMarketCap.

The major cryptocurrency is seeing the biggest gains out of the top 20 coins by market cap, up 4.4% over the past 24 hours at press time, while the rest of the top 20 list are seeing mixed signals. Binance coin (BNB) is down 4.3%, while cosmos (ATOM) is down 5.6% at press time.

Bitcoin is also seeing the biggest gains over the past 7 days, holding around 9.1% gains at press time.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin has continued hitting new 2019 records this week, having surged to as high as $6,353 earlier in the day. At press time, the biggest cryptocurrency is trading at $6,304 with a market cap of $111 billion. This is the highest share of the market since December 2017, when bitcoin was approaching its all-time high of $20,000.

Bitcoin 1-year price chart

Bitcoin 1-year price chart. Source: CoinMarketCap

At press time, bitcoin’s dominance rate accounts for 58% of the overall crypto market.

Percentage of total market cap (dominance)

Percentage of total market cap (dominance). Source: CoinMarketCap

Ether (ETH), the second-largest cryptocurrency by market cap, is up 2.1% to trade at $172 as of press time, seeing almost equal gains over the past 7 days, up 2.7%.

Ether 7-day price chart

Ether 7-day price chart. Source: CoinMarketCap

XRP, the third-top cryptocurrency by market cap, is slightly up 0.1% to trade at $0.298 at press time. However, the second-top altcoin is down around 3.3% over the past 7 days.

XRP 7-day price chart

XRP 7-day price chart. Source: CoinMarketCap

Total market capitalization has surged to the volumes of mid-November 2018, accounting for $192 billion at press time. Daily trade volume amounts to $56 billion.

Total market capitalization 7-day chart

Total market capitalization 7-day chart. Source: CoinMarketCap

Yesterday, Galaxy Digital CEO Michael Novogratz predicted that bitcoin will break new all-time-highs within 18 months, adding that the $6,000 threshold is likely to be a stall point, while the next price point will be $10,000.

On the other hand, famous crypto sceptic Nouriel Roubini recently reiterated his negative stance on cryptocurrencies, claiming that “crypto is the mother and father of all bubbles.”

Meanwhile, the government of Liechtenstein recently passed new blockchain and crypto-related regulation in order to improve investor protection and establish more clarity in the industry.

While crypto markets have seen a major bullish move this week, global stock markets have seen a massive sell-off, with investors having withdrawn over $20.5 billion from global equities in the past week amid tensions between the United States and China, CNBC reports. At press time, the Dow Jones Industrial Average (DJIA) is down 0.3%, while S&P 500 (SPX) and Nasdaq (NASDAQ) Composite are both down around 0.2%.

Oil prices are seeing mixed signals at press time, with West Texas Intermediate (WTI) crude oil down 0.3% on the day, while Brent crude is slightly up around 0.1%, according to Oilprice.com. The OPEC basket dropped 0.8% as of press time.

Gold prices have seen mild gains today, with spot gold having edged up 0.1% to $1,285 per ounce at press time, while U.S. gold futures also gained around 0.1% to $1,287.

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Crypto Markets See Gentle Green, US Stocks Edge Lower at Opening Bell

Yesterday’s mild market movements continue, with most of the top twenty cryptocurrencies seeing mild green.

Thursday, May 2 — yesterday’s mild market movements continues, with most of the top twenty cryptocurrencies seeing mild green on the day at press time with typical growth of between 1 and 3%, as Coin360 data shows.

Market visualization courtesy of Coin360

Market visualization courtesy of Coin360

Bitcoin (BTC) is up 1.4% on the day and is trading at $5,455 by press time, according to CoinMarketCap. After a bullish spike at the start of its 7-day chart — with a break above the $5,500 mark on April 26 — the top cryptocurrency swiftly saw a sharp tumble down to below $5,200 that same day. Since then, the top cryptocurrency has recovered positive momentum and has today come close to trading as high as $5,470.

On the week, bitcoin is down a fractional 0.49%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

The largest altcoin by market cap, ether (ETH), is seeing virtually no price change over the past 24 hours and is trading around $160.93. The alt spiked in correlation with bitcoin on April 26 — hitting close to $166 — before seeing several days of mild corrections and fluctuations at a slightly lower price point. On the week, ether has reported a 2.5% loss.

Ether 7-day price chart

Ether 7-day price chart. Source: CoinMarketCap

XRP has similarly seen virtually no price change on the day and is currently trading at $0.304. The asset saw its 7-day price high yesterday — at $0.311 — on May 1, during early trading hours, but has since corrected downwards. On the week, XRP has sealed a 0.43% slight gain.

XRP 7-day price chart

XRP 7-day price chart. Source: CoinMarketCap

The top ten cryptocurrencies are largely green, almost all capped below a 3% gain, with the notable exception of native exchange token binance coin (BNB) — which has spiked 7.46% on the day to trade at $23.39. The only coin not in the green is eos (EOS), which has seen a minor 0.5% loss at $4.71.

Widening out to the top twenty, cryptocurrencies are again largely green, seeing gains below 3.5%, but with a scattering of red — bitcoin SV (BSV), cosmos (ATOM) and ethereum classic (ETC) are all reporting mild losses of below 1%.

Aften BNB, the highest gainer is among the top twenty cryptocurrencies is neo (NEO), which is up 3.3% to trade at $9.90.

The total market capitalization of all cryptocurrencies is currently around $177.06 billion — around $1.9 billion shy of its weekly peak on April 25.

Weekly high in the 7-day chart for the total market capitalization of all cryptocurrencies

Weekly high in the 7-day chart for the total market capitalization of all cryptocurrencies. Source: CoinMarketCap

In crypto and blockchain news, Hong Kong-listed contractor turned blockchain investor Grandshores Technology has revealed plans to enter the medicinal and industrial cannabis market in a bid to counter the adverse impact of crypto winter.  

In an interview with reporters, the firm’s co-chairman is said to have stated that “both blockchain and industrial cannabis are the future, and both are embraced by the younger generation.”

Also today, the CEO of the London Stock Exchange has expressed confidence that blockchain could be implemented in issuing securities and settlement.

In South Korea, the national financial watchdog authorized nine fintech companies — among them blockchain service providers — to operate in the country as part of a regulatory sandbox.

In traditional markets, United States stocks edged lower at opening, with the Dow down 0.2% (or 47 points), and both the S&P 500 and Nasdaq Composite opening 0.1% lower, according to CNN.

Meanwhile, stock for Tesla — whose CEO is the well-known entrepreneur Elon Musk — reportedly climbed 4.4% following its announcement that it plans to raise $2 billion through the sale of additional shares.

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All Cryptos See Major Losses as Market Hit by Distinctly Unfestive Correction

Crypto markets are lacking in Christmas cheer, with virtually all of the top 100 coins by market cap in the red.

Friday, Dec. 25 — crypto markets are lacking in Christmas cheer, with many major crypto assets hit with double-digit losses. Virtually all of the top 100 coins by market cap are in the red, as data from Coin360 shows.

Market visualization by Coin360

Largest cryptocurrency Bitcoin (BTC) has plummeted over 9 percent on the day, and is trading at $3,812 as of press time, according to Cointelegraph’s Bitcoin Price Index. After bullish growth yesterday, Christmas eve, to break over $4,236, the top coin has been trading as low as $3,755 in the trading hours before press time — an around $500 drop.

Over these past seven days, Bitcoin’s trading pattern has been characterized by high volatility — veering between reclaiming the $4,000 price point and beyond, to dipping back down towards the $3,700–$3,800 range.

While the coin is still a strong 17.2 percent higher than its value at the start of its weekly chart, on the month, Bitcoin is down by around 12 percent.

Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index

Second-largest crypto by market cap Ripple (XRP) has fared even worse, shedding a stark 15 percent over the 24 hours before press time, according to Cointelegraph’s Ripple Price Index. The asset is currently trading at $0.38 — following an intraweek peak at $0.45 yesterday. On its weekly chart, Ripple is nonetheless a strong 31.5 percent in the green, with monthly losses at a mild 7 percent.

Ripple 7-day price chart. Source: Cointelegraph’s Ripple Price Index

Ethereum (ETH) — ranked third by market cap — has lost over 18 percent on the day and is trading at $127 to press time. During yesterday’s mini-rally, Ethereum had broken above $150 — its highest price point in around five weeks.

Ethereum is a bullish 51.5 percent in the green on its weekly chart, and it has inched into green on the month, up by around 5 percent.

Yesterday’s price hike in the context of Ethereum’s 3-month price chart. Source: Cointelegraph’s Ethereum Price Index

Fourth-largest cryptocurrency Bitcoin Cash (BCH) is down around 20.7 percent and is trading at $164 as of press time. Having seen astonishing volatility as of late, the coin is around 113 percent up on its weekly chart — and down by around 27 percent on the month.

Newly-forked Bitcoin SV (BSV), currently ranked ninth largest cryptocurrency, is down around 15 percent at $93, according to CoinMarketCap data.

Including BTC, XRP, ETH and BCH, sixteen of the top twenty coins on CoinMarketCap are down by between 10 and 19 percent on the day. Stark losses have hit cryptos such as Litecoin (LTC) — down almost 12 percent at $31.09 — IOTA (MIOTA) — down 14 percent at $0.33 —  and Cardano (ADA), down 16 percent at $0.04.

Dash (DASH) is down by around 16 percent at $82; Ethereum Classic (ETC) is down around 13 percent at $4.72. Privacy-focused altcoins Monero (XMR) and ZCash (ZEC) are down 10.8 and 12 percent, at $50.5 and $61.57 at press time.

Total market capitalization of all cryptocurrencies is at $128.8 billion as of press time — having hit over $147.8 billion yesterday. It nonetheless remains up from a low of $114.2 billion at the start of the 7-day chart on Dec. 18.

7-day chart of total market capitalization of all cryptocurrencies from CoinMarketCap

Earlier today, news broke that Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector, after reporting an “extraordinary loss” in Q4 this year, amid the unrelenting crypto bear market.

On a more positive note for adoption, blockchain protocol TRON (TRX) passed one million user accounts this week, even as the token has not been spared today’s blisteringly red markets.

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Ethereum, Ripple Lead Altcoin Price Charge With More Than 15 Percent Gains

Bitcoin jumps 7 percent in daily trading, as many altcoins skyrocket in tandem.

Cryptocurrency markets continued their push back into the black on Dec. 24 as Ethereum (ETH) and Ripple (XRP) took turns at giving altcoin investors a timely Christmas present.

Market visualization from Coin360

Market visualization from Coin360

Data from Cointelegraph’s price tracker and Coin360 shows a return to form across the top twenty crypto assets by market cap, ETH/USD gaining almost 17 percent in the past 24 hours and XRP/USD gaining 15 percent.

Prices across major exchanges circled $149 and $0.42 for ETH and XRP respectively.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: Cointelegraph’s Ethereum Price Index

Ripple 7-day price chart

Ripple 7-day price chart. Source: Cointelegraph’s Ripple Price Index

The two largest altcoins appear to be following in the footsteps of Bitcoin Cash (BCH), which in recent days has almost trebled in USD value.

ETH and BCH had both recently performed poorly, last week sinking to 18-month lows of $73 in the case of ETH/USD and all-time lows of $80 in the case of BCH/USD.

Bitcoin Cash 7-day price chart

Bitcoin Cash 7-day price chart. Source: Cointelegraph’s Bitcoin Cash Price Index

While Ethereum’s rise was not immediately attributed to a specific factor, XRP had seemingly reacted within minutes to news that crypto exchange Binance was launching two trading pairs using the coin as a base currency.

Meanwhile, prior to ETHs price rise, Justin Sun, CEO of rival blockchain platform TRON (TRX), publicly voiced his lack of confidence in Ethereum, claiming it was “slowly imploding” along with ConsenSys, a project created by Ethereum co-founder Joseph Lubin that announced mass layoffs last week.

“The 60% layoff and 90% price drop is just the beginning,” he wrote on Twitter, urging traders not to “go down with the ship.”

TRON’s 24-hour gains have so far averaged 8.15 percent.

At press time, Bitcoin (BTC)/USD was maintaining a steadily increasing trajectory, gaining 3 percent on the day to cap weekly gains of almost 28 percent.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index

The largest cryptocurrency has managed to stay above support at $4,000 since late Saturday.

On Thursday, the Bitcoin network posted the highest ever daily volumes in its history at 2,266,735 BTC ($9.54 billion), research showed.

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Bitcoin Price Near $3,400, Wider Crypto Markets See Another Mild Slump

After seeing a small rebound yesterday, crypto markets are again in the red, Bitcoin trading around $3,400.

Thursday, Dec. 13: after seeing a small rebound yesterday, crypto markets are experiencing another mild decline, with 19 out of the top 20 cryptocurrencies by market cap in red.

Market visualization from Coin360

Top cryptocurrency Bitcoin (BTC) has not managed to hold $3,500 support, dropping to as low as $3,406 earlier today. As of press time, the coin is trading at $3,417, down about 2 percent over the past 24 hours. The leading coin is down about 6.5 percent over the past 7 days by press time.

Bitcoin 24-hour price chart. Source: CoinMarketCap Bitcoin Price Index

Ripple (XRP), the second largest cryptocurrency by market cap, is down 1.4 percent over the 24-hour period, and is trading around 0.30 at press time.

Ripple 24-hour price chart. Source: CoinMarketCap Ripple Price Index

After growing to as high as $92 per coin yesterday, third largest coin Ethereum (ETH) has again dropped below the $90 price point today. At press time, the coin is trading around $90.30, down 1.3 percent over the past 24 hours to press time.

Recently, major Ethereum software client Go Ethereum (Geth) published new code that includes the activation time for the upcoming upgrade, or hard fork, of the Ethereum blockchain, Constantinople. The code update follows Ethereum developers’ recent decision to launch the hard fork at block 7,080,000, which is estimated to happen around Jan. 14, 2019.

Ethereum 24-hour price chart. Source: CoinMarketCap Ethereum Price Index

Bitcoin SV (BSV), the coin recently formed in a hard fork of Bitcoin Cash (BCH), is again seeing the most losses among top 20 crypto markets. The coin is down over 8 percent over the past 24 hours and is trading at $82.96. Bitcoin Cash is close behind, down almost 8 percent and trading at $95.1.

While the 20 top currencies by market cap have experienced some mostly mild losses today, the major markets have also seen a new entrant into the top 20 ranks; cryptocurrency and governance token Maker (MKR) is up a whopping 33.8 percent on the day and has overtaken ZCash (ZEC) in terms of market cap, reaching 19th place.

Total market capitalization of all cryptocurrencies has again dipped below $110 billion after touching $112 billion yesterday, Dec. 12. At press time, the total market cap amounts to $108.6 billion, while daily crypto trade volume accounts for $10.7 billion.

Total market capitalization 7-day chart. Source: CoinMarketCap

Earlier today, the Cambridge Centre for Alternative Finance reported that the cryptocurrency industry has seen the entry of 17 million new “verified users” this year. According to the study, the amount of crypto users has increased by almost 50 percent, growing from 18 million to 35 million.

Yesterday, Dec. 12, Berlin-based fintech company SolarisBank announced partnership with major European stock exchange The Stuttgart Exchange (Boerse Stuttgart Group) in order to develop infrastructure for a cryptocurrency exchange. Founded in 1860, the Stuttgart Exchange is the second-largest exchange in Germany. In May this year, the exchange launched a zero-fee crypto trading app called Bison.

Recently, Mike Novogratz, founder of crypto bank Galaxy Digital, argued that Bitcoin is “not going to zero,” comparing the current state of crypto markets to a “methadone clinic.” Novogratz explained that last year’s “speculative mania” that lead Bitcoin’s to reach almost $20,000 per coin is gone and the crypto community is “more sober now.”