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Cryptocurrency prices start Friday mixedly with bitcoins, the most well-known, slightly lower digital currency.
In the initial trade, a bitcoin
BTCUSD, -1.43%
it was going to $ 3,822.22, down 0.5% from 5.00. Eastern Time on the Kraken Kryp exchange. If the loss is kept, the coin is on track to record its tenth consecutive session under the sign of $ 4000.
To read: From scary equity markets to misbehaving families, the most read articles on MarketWatch in 2018
What analysts say
Although prices have remained close to the minimum, Nigel Green, founder and CEO of U.K. consulting deVere group, said that the digital asset landscape is set to recover in 2019, supported by growing interest from the institutional sector.
"The bearish sentiment of the last quarter of 2018 is now, I believe, behind us," wrote Green. "We can expect the current recovery to continue, albeit with peaks and crossings as in any financial market.In 2019, the cryptocurrency market will evolve radically.We can expect a considerable expansion of the sector largely due to the inflows of institutional investors ".
Green predicts that the endowments of prestigious universities will become major investors in cryptocurrencies in 2019.
To read: Almost 4 out of 5 investors are still bullish on bitcoins
What they are doing altcoin and futures
Altcoins – the colloquial term for non-bitcoin coins – are starting mixed Friday. Ether,
ETHUSD, -0.93%
the second largest digital currency, had gained 2% to $ 150.78, Litecoin
LTCUSD, -0.96%
rose 0.4% to $ 31.53, XRP,
XRPUSD, -1.93%
he had lost from 0.9% to 35 cents, and from Bitcoin Cash
BCHUSD, -5.47%
it was down 2.5% to $ 157.30.
Bitcoin futures are trading lower on Friday. The February contract for Cboe Global Markets
XBTG9, -1.27%
it was down 0.5% to $ 3,725 and the CME group's February contract
BTCG9, -0.40%
it was 0.7% lower at $ 3.720.
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