Friday, December 25 – the encrypted markets are deficient in Christmas cheering, with many important cryptic goods affected by double-digit losses. Virtually all the first 100 coins by market capitalization are in red, as shown by Coin360 data.
Viewing the Coin360 market
The largest bitcoin cryptocurrency (BTC) has plunged by more than 9 percent during the day, and trades at $ 3,812 at the time of the press, according to Cointelegraph's bitcoin price index. After yesterday's bullish growth, on Christmas Eve, to break through $ 4,236, the highest currency was trading at $ 3,755 in pre-press trading hours – a decline of around $ 500.
Over the past seven days, the Bitcoin trading model has been characterized by a high volatility – which ranges between the recovery of the price of $ 4,000 and more, towards the range of $ 3,700- $ 3,800.
While the currency is still a strong 17.2% higher than its value at the start of its weekly chart, in the month, Bitcoin is down about 12 percent.
Bitcoin 7-day price chart. Source: Cointelegraph bitcoin price index
According to Crypto by market capitalization Ripple (XRP) went even worse, losing a net 15 percent in the 24 hours prior to press time, according to Cointelegraph's Ripple Price index. The asset is currently trading at $ 0.38 – after yesterday's intraweek peak at $ 0.45. On its weekly table, Ripple is still a strong 31.5% in the green, with monthly losses to a slight 7%.
7 days price chart ripple. Source: Cointelegraph & # 39; s Ripple Price Index
Ethereum (ETH) – in third place by market capitalization – lost over 18% during the day and traded at $ 127 at the time of printing. At yesterday's mini-rally, Ethereum had exceeded $ 150 – its highest price in about five weeks.
Ethereum is a 51.5% bullish in the green in its weekly chart, and has turned green in the month, up by around 5%.
Yesterday's price increase in the context of the Ethereum 3-month price chart. Source: Cointelegraph Ethereum Price Index
The fourth largest cryptocurrency Bitcoin Cash (BCH) is down about 20.7 percent and is trading at $ 164 at the time of printing. Having seen surprising volatility as recently, the currency has gained about 113 percent on its weekly chart and down about 27 percent in the month.
The newly bifurcated bitcoin SV (BSV), currently ranked ninth largest cryptocurrency, is down about 15% to $ 93, according to CoinMarketCap data.
Including BTC, XRP, ETH and BCH, sixteen of the top twenty coins on CoinMarketCap are down between 10% and 19% on the day. Heavy losses hit cryptos like Litecoin (LTC) – down 12 percent to $ 31.09 – IOTA (MIOTA) – down 14 percent to $ 0.33 – and Cardano (ADA), down 16 percent to $ 0.04.
Dash (DASH) is down about 16 percent to $ 82; Ethereum Classic (ETC) is down 13% to $ 4.72. Altcoin-focused privacy Monero (XMR) and ZCash (ZEC) are down 10.8% and 12%, at $ 50.5 and $ 61.57 at the time of printing.
The total market capitalization of all cryptocurrencies amounts to $ 128.8 billion from the time of the press, having struck yesterday over $ 147.8 billion. Nonetheless, it remains from a minimum of $ 114.2 billion at the start of the 7-day chart on 18 December.
Weekly chart of the total market capitalization of all CoinMarketCap cryptocurrencies
At the beginning of today, the Japanese Internet giant GMO Internet Group left the Bitcoin mining hardware sector, after reporting an "extraordinary loss" in the fourth quarter of this year, amid the # 39; inexorable market of crypto-bears.
On a more positive note for adoption, the TRON blockchain protocol (TRX) exceeded one million user accounts this week, although the token has not been spared from the current deep red markets.