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Tuesday, January 8 – cryptographic markets are seeing mixed signals, according to Coin360 data, after one day mostly in the green. Bitcoin (BTC) still remains above the current psychological barrier of $ 4,000, while some of the other major cryptocurrencies see slight losses.
Market display from Coin360
Bitcoin did not fall below $ 4,000 for nearly two days, reaching $ 4,109 today. At the time of printing, the main currency is trading at around $ 4.050.
Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin price index
Ethereum (ETH) still occupies the leading position among the altcoins, losing about 1% of the day and trading around $ 151 for the printing time. As CoinMarketCap's data show, the price of the currency has fallen backwards since the middle of the week.
Ethereum 7-day price table. Source: CoinMarketCap Ethereum Price Index
Ripple (XRP), the second largest altcoin, also sees a slight decline in the price of about 1% of the day, trading at $ 0.36 as of press time. The market capitalization of the currency is $ 14.8 billion – almost a billion less than that of Ethereum, to $ 15.7 billion for the press.
7 days price chart ripple. Source: CoinMarketCap Ripple Price index
The total market capitalization of all cryptocurrencies is now around $ 136.4 billion, after reaching an intra-week peak of $ 138.7 billion before today.
Total market capitalization graph of 7 days. Source: CoinMarketCap
While the crypto industry continues to discuss an alleged double expense incident on the Ethereum Classic network (ETC) that could involve over $ 1.1 million, the currency is witnessing slight losses in today's day. At the time of printing, the currency is around $ 4.9, losing about 1.7 percent during the day.
As with the other 20 major brands, TRON (TRX), Binance Coin (BNB) and NEO (NEO) saw the most visible gains, with an increase of 8-11% during the day.
As Cointelegraph reported yesterday, a member of the Governing Council of the European Central Bank (ECB), Ardo Hansson, called cryptocurrencies "a fairy tale story" and said that "the bubble has already started to collapse".
Today, further criticism of Bitcoin was made by the Israeli tsar Avi Simhon, head of the national economic council and economic policy adviser to the country's prime minister. The official said that money is inherently inefficient, expecting it to disappear.
Meanwhile, Australia imposed a travel ban and frozen funds from John Bigatton, a promoter of the $ 2.6 billion Ponzi scheme reported by Bitconnect. His wife Madeline Bigatton, who is listed as a director and shareholder of Bitconnect International Plc and the only representative of Bitconnect Australia, has disappeared since March.
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