On Saturday, December 29, all the top 20 cryptocurrencies are recording moderate to substantial gains, with the price of Bitcoin (BTC) exceeding $ 3,900 again, according to Coin360 data.
Market display from Coin360
At the time of printing, Bitcoin increased by more than 6% during the day, trading around $ 3,926. Looking at his weekly chart, the current price is substantially below Monday's high of $ 4,265, but the cryptocurrency is still trading significantly from $ 3,642 – the mid-week low recorded yesterday. The current price is close to $ 3,963, where Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP) – the second largest cryptocurrency by market capitalization – gained over 8% during the day, trading at around $ 0.376 as of press time.
On the weekly chart, the current price is above $ 0.359, the price at which the currency started the week. However, the current price is also lower than the mid-week high of $ 0.446 reached Monday.
7 days price chart ripple. Source: CoinMarketCap
Ethereum (ETH) remains the third largest cryptocurrency by market capitalization, with an increase of almost 15% in the last 24 hours. At press time, ETH traded at around $ 137, having started the day at $ 119.
On the weekly chart, the current price is higher than $ 112, which was the value of ETH last Saturday, but also lower than the Monday high of $ 157.
7-day chart of Ethereum. Source: CoinMarketCap
Among the top 20 cryptocurrencies, EOS earned 14%, Bitcoin Cash (BCH) increased by 10%, Binance Coin (BNB) of 11% and NEO 10%.
The combined market capitalization of all cryptocurrencies rose to over $ 131 billion at the time of printing. This puts the current market capitalization higher than the week starting point of $ 129 billion, but also significantly less than the mid-week high of $ 146 billion.
7-day chart of the total encrypted market. Source: CoinMarketCap
As Cointelegraph recently reported, Anthony Pompliano, founder of Morgan Creek Digital Assets, said that Bitcoin has even fewer ways to go. There have also been recent reports that the Wall Street giants are postponing their plans to enter the cryptography industry due to the recent price collapse.