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Thursday, Jan. 17: crypto markets are stable, with negligible price change over the 24 hours to press time. Most of the top ten cryptocurrencies seeing only mild losses, capped within a 2-3 percent range. Almost half the coins in the top ten-twenty range have been tipped slightly into the green, as date from Coin360 shows.
Market visualization by Coin360
After an intraweek tumble to ~ $ 3,550 Jan. 13, Bitcoin (BTC) is down to mild 0.9 percent on the day to press time, slipping from a 24-hour high of $ 3,685 to its current price point around $ 3,630.
On the week, Bitcoin is down 5 percent; monthly gains are at a solid 10.5 percent, according to CoinMarketCap.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP), which has recently regained its rank as largest by market cap, is down fractionally more, shedding 1.4 percent on the day to trade at ~ $ 0.33 to press time. Ripple's market share is currently $ 13.5 billion – as compared with Ethereum (ETH) 's $ 12.7 billion.
After a volatile and jagged week, Ripple is about 5 percent in the red on its 7-day chart, with monthly gains nonetheless at a solid 13 percent.
Ripple 7-day price chart. Source: CoinMarketCap
The second largest altcoin, Ethereum (ETH), is down to slightly less mild 2 percent on the day, and is trading at ~ $ 122 to press time. The alt has correlated closely with Bitcoin's trading patterns, seeing an intraweek low of ~ $ 116 Jan. 13, and recovery to ~ $ 131 Jan. 15.
On the week, Ethereum is down to hefty 9.6 percent, but monthly gains are at an impressive 41 percent.
Ethereum 1-month price chart. Source: CoinMarketCap
The remaining top ten coins on CoinMarketCap are all in the red, but they are capped at 2-3 percent. Seeing the most volatility is Litecoin (LTC), down 2.86 percent at $ 31 to press time, and recently-forked Bitcoin SV (BSV), which is down 1.83 percent at $ 77. Bitcoin Cash (BCH), too, is down 1.6 percent at about $ 128.
Scattered green, capped at 2 percent, with the highest losses capped under 4 percent.
Cardano (ADA), up 1.9 percent on the day at ~ $ 0.05, privacy-focused alt Monero (XMR), up 0.75 percent and NEM (XEM), up 2.06 percent.
ILLUSTRATION (MIOTA), which is down 3.7%, followed by NEO (NEO) with 2.8 percent losses on the day to press time.
Total market capitalization of all cryptocurrencies is around $ 121.4 billion as of press time, down around 5 percent from one week ago, Jan. 10.
7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap
In crypto regulatory news, a bill exempting companies that provide non-custodial crypto services
In Australia, meanwhile, the World Wildlife Fund-Australia (WWF-Australia) has just announced the launch of a supply chain.
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