On Wednesday, January 23rd – most of the 20 most important cryptocurrencies are seeing slight to substantial growth on the day the press is scheduled. Bitcoin (BTC) is again near $ 3,600, according to Coin360 data.
Market display from Coin360
At the time of printing, the bitcoin rises slightly more than 1% on the day, trading around $ 3.603. Looking at his weekly chart, the current price is slightly below $ 3,658, the price at which Bitcoin started the week. In the month, the main cryptocurrency is down about 10% from just over $ 4,000.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP) is below half a percentage point of the day, trading at around $ 0.317 at the time of printing. On the weekly chart, the current price is less than $ 0.33, the price at which XRP started the week – and down from $ 0.333, the high of the week before January 19th.
7 days price chart ripple. Source: CoinMarketCap
The second largest altar Ethereum (ETH) has seen its value increase by just over 1.5 percent in the last 24 hours. At the time of printing, ETH is trading at $ 118, having started the day by about a dollar less. On the weekly chart, the current value of Ethereum is less than $ 124, the price at which the currency began the week.
7-day chart of Ethereum. Source: CoinMarketCap
Among the top 25 cryptocurrencies, those that are recording the most notable growth are Waves (WAVES), which exceeds 22 percent, and Bitcoin Cash (BCH), which rises more than 7 percent on the day in print.
The combined market capitalization of all cryptocurrencies – currently around $ 120.6 billion – is less than $ 122.3, the value reported a week ago. Furthermore, the total market capitalization grew by over one billion dollars in the 24 hours at the time of printing, having started the day at around $ 119.1.
7-day chart of the total encrypted market. Source: CoinMarketCap
As Cointelegraph recently reported, the bitcoin is almost oversold and may be ready for a short-term rally, according to a Bloomberg analysis.
In addition, news recently broke that Adena Friedman, president and CEO of Nasdaq Inc., said that cryptocurrency "deserves the opportunity to find a sustainable future in our economy".