Thursday, December 13: after seeing a small rebound yesterday, crypto markets are experiencing another slight decline, with 19 of the 20 major cryptocurrencies for market capitalization in red.
Market display from Coin360
Bitcoin's cryptocurrency top (BTC) failed to hold $ 3.500 support, dropping to a low of $ 3,406 before today. At the time of printing, the currency traded at $ 3,417, down about 2 percent in the last 24 hours. The main currency has decreased by about 6.5% in the last 7 days for the printing time.
Bitcoin 24-hour price chart. Source: Bitcoin price index of CoinMarketCap
Ripple (XRP), the second largest cryptocurrency by market capitalization, is down 1.4 percent in the 24-hour period and trades around 0.30 at the time of printing.
24-hour price graph ripple. Source: CoinMarketCap Ripple Price index
After growing up to $ 92 per coin yesterday, the third largest Ethereum coin (ETH) fell again below the $ 90 price today. At the time of printing, the currency traded around $ 90.30, down 1.3 percent in the last 24 hours until press time.
Recently, the main software customer Ethereum Go Ethereum (Geth) has published a new code that includes the activation time for the upcoming update, or hard fork, of the Ethereum blockchain, Constantinople. The update of the code follows the recent decision by the developers of Ethereum to launch the hard fork in the 7.080.000 block, which is estimated to occur around January 14, 2019.
Ethereum 24-hour price table. Source: CoinMarketCap Ethereum Price Index
Bitcoin SV (BSV), the newly formed currency in a hard fork of Bitcoin Cash (BCH), is once again recording the biggest losses among the 20 major cryptographic markets. The currency has fallen more than 8% in the last 24 hours and is trading at $ 82.96. Bitcoin Cash is close behind, down nearly 8% and traded at $ 95.1.
While the 20 major currencies by market capitalization suffered some mostly minor losses, the main markets also saw a new entrant in the first 20 degrees; Cryptocurrency and Governance Token Maker (MKR) earned as much as 33.8 percent of the day and outperformed ZCash (ZEC) in terms of market capitalization, reaching 19th place.
The total market capitalization of all cryptocurrencies fell again below $ 110 billion after reaching $ 112 billion yesterday, December 12. At the time of printing, total market capitalization amounted to $ 108.6 billion, while volume daily encryption amounts to $ 10.7 billion.
7-day chart of total market capitalization. Source: CoinMarketCap
Previously, the Cambridge Center for Alternative Finance reported that the cryptocurrency industry has seen the entry of 17 million new "verified users" this year. According to the study, the amount of crypto users has increased by almost 50%, from 18 million to 35 million.
Yesterday, December 12, the fintech company of Berlin, SolarisBank, announced a partnership with the main European stock exchange, the Stuttgart Stock Exchange (Boerse Group Stuttgart), in order to develop infrastructure for an exchange of cryptocurrencies. Founded in 1860, the Stuttgart Stock Exchange is Germany's second largest stock exchange. In May of this year, the exchange launched a zero-cost encryption app called Bison.
Recently, Mike Novogratz, founder of the Galaxy Digital cryptographic bank, claimed that Bitcoin "is not going to zero" by comparing the current state of cryptographic markets with a "methadone clinic". Novogratz explained that the "speculative mania" of last year that led Bitcoin to reach almost $ 20,000 per currency has gone and the crypto community is "more sober now".