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Friday, Jan. 4 – after crypto markets tipped back into red yesterday, most cryptocurrencies are today seeing some further corrections. All the top twenty coins by market cap are seeing tempered losses on the day, as data from CoinMarketCap shows.
Top cryptocurrency Bitcoin (BTC), a day after the tenth anniversary of its genesis block, is down over 2 percent over the 24 hours to press time, and is currently trading around $ 3,798. The dollar has failed to break above the $ 4,000 price point, despite having several trades of growth over the past week – and has largely traded range bound between $ 3,800 – $ 3,900.
Bitcoin is up about 3.5 percent on the week. One month ago, Bitcoin was trading around $ 4,000, and is down around 5.4 percent to press time.
Bitcoin 7-day price chart. Source: Cointelegraph's Bitcoin Price Index.
Ethereum (ETH) – which is this week in which we are currently ranked as the largest number by market cap – is seeing almost no change on the day to press time, trading at about $ 150. With a market cap of $ 15.6 billion, the asset is continuing to inch further ahead of second-largest market share cap Ripple (XRP), which has a market cap of $ 14.5 billion to press time, according to CoinMarketCap data.
EU-regulated, right-to-market, trading on the Ethheum blockchain next week, using the Nasdaq's Financial Information exchange (FIX) protocol to deliver the product.
Ethereum is a bullish 28 percent in growth on the month.
Ethereum 7-day price chart. Source: Cointelegraph's Ethereum Price Index
Ripple (XRP) 's losses have been slightly stronger, with the asset down just over 3 percent at around $ 0.35 to press time – bringing it close to full circle on its weekly and monthly charts.
Ripple 7-day price chart. Source: Cointelegraph's Ripple Price Index.
Twenty coins on CoinMarketCap, with losses capped below 5 percent.
Losses among the top twenty coins range from Binance Coin's (BNB) negligible 0.56 percent losses, to higher 24-hour loss of 4 percent for EOS (EOS).
Recently forked Bitcoin SV (BSV), IOTA (MIOTA) and Bitcoin Cash (BCH) are also heavier losses close to 4 percent.
Ethereum Classic (ETC) and NEM (XEM) have meanwhile both seen as 24-hour losses of about 2.7 percent.
Total market capitalization of all cryptocurrencies is at around $ 128.8 billion as of press time – up from $ 122.4 billion at the start of the 7-day chart Dec. 28.
7-day chart of total market capitalization of all cryptocurrencies. Source: CoinMarketCap
As reported yesterday, the over-the-counter (OTC) trading desk at the cryptocurrency finance firm Circle reported a notional volume of $ 24 billion for 2018 – giving insight into the state of the liquidity of a crypto trading space largely used by institutional , rather than retail, investors.
In the crypto regulatory news, the government of Ireland has been approved to bill that would give effect to the European Union Fifth Anti-Money Laundering Directive, which will impact cryptocurrency users.
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