On Saturday 12 January, most of the top 20 cryptocurrencies report moderate to moderate losses, while some report double-digit earnings. The price of Bitcoin (BTC) is still above $ 3,650, according to Coin360 data.
Market display from Coin360
At the time of printing, Bitcoin is under 1% of the day, trading around $ 3,665. Looking at his weekly chart, the current price is less than $ 3,878, the price of BTC a week ago, and $ 4,108, the mid-week high reported on Tuesday.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP) is down more than 1% over the day, trading at around $ 0.333 at the time of printing. On the weekly chart, the current price is less than $ 0.359, the price at which XRP started the week, but also lower than $ 0.381, the high of the week before January 10th.
7 days price chart ripple. Source: CoinMarketCap
Ethereum (ETH) has seen its value decrease by more than 1 percent in the last 24 hours. At the time of printing, ETH traded at around $ 126, starting the day around $ 127. On the weekly chart, the current value of Ethereum is significantly lower than $ 157, the price at which the currency started the week.
7-day chart of Ethereum. Source: CoinMarketCap
Among the top 20 cryptocurrencies, those that record the most significant price action are Bitcoin SV, which exceeds 12 percent, and Bitcoin Cash (BCH) and Ethereum Classic, which represent about 2 and 1 respectively percent.
The combined market capitalization of all cryptocurrencies – currently around $ 122.2 billion – is less than $ 133 billion, the value reported a week ago. The current value is also significantly lower than the maximum intra-week of $ 138.6 billion reached on January 10th.
7-day chart of the total encrypted market. Source: CoinMarketCap
As Cointelegraph has recently reported, the number of active Bitcoin portfolios, many of which have long remained dormant, has seen an increase that could foretell some major market movements.
The state legislature of the US state of Wyoming reported approving two new invoices for this week that aim to promote a regulatory environment conducive to cryptocurrency and blockchain innovation.