Sunday, January 13 – all the first 20 cryptocurrencies are recording losses from light to moderate in the 24 hours at the time of printing. The price of Bitcoin (BTC) dropped back below $ 3,600, according to Coin360 data.
Market display from Coin360
At the time of printing, Bitcoin is down more than 2% on the day, trading around $ 3.568. Looking at his weekly chart, the current price is less than the mid-week maximum of $ 4,109 – recorded January 8 – and is also less than $ 3,869, which is the value of a bitcoin on Sunday.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP) is down by almost 2% during the day, trading at around $ 0.323 at the time of printing. On the weekly chart, the current price is less than $ 0.357, the price at which XRP started the week and, in particular, is less than $ 0.380, the maximum of the week indicated on January 2nd.
7 days price chart ripple. Source: CoinMarketCap
Ethereum (ETH) has seen its value decrease by more than 6 percent in the last 24 hours. At the time of printing, ETH is trading at around $ 118, having started the day around $ 127. On the weekly chart, the current value of Ethereum is significantly lower than $ 153, the price at which the currency started the week.
7-day chart of Ethereum. Source: CoinMarketCap
Among the top 20 cryptocurrencies, those that suffered the most important losses are Tron, which is down more than 9%, and Bitcoin SV, which is down by almost 8%.
The combined market capitalization of all cryptocurrencies – currently about $ 119.6 billion – is less than $ 132.3 billion, the value reported a week ago. The current value is also significantly lower than the maximum intra-week of $ 138.7 billion reported on 6 January.
7-day chart of the total encrypted market. Source: CoinMarketCap
As Cointelegraph recently reported, Google (Alphabet Inc.) reported that they have entered blacklisted keywords that mention Ethereum (ETH) on its Google Ads ad platform.
Also this week, an analyst recently said that the number of active Bitcoin portfolios, many of which have long remained dormant, has seen an increase that could foretell important market movements.