Home / Ripple / Crypto Markets Teeter on New Year's Eve, with the majority of losses across the board

Crypto Markets Teeter on New Year's Eve, with the majority of losses across the board

Monday, December 31 – at the turn of the new year, all but one of the top 20 cryptocurrencies by market capitalization are in red, as shown by Coin360 data. Losses between the largest crypts are mitigated, with the loss greater than 2-3% and losses at 6%.

Viewing the Coin360 market

Viewing the Coin360 market

Bitcoin (BTC) saw a slight loss of about 2 percent in the 24 hours at the time of the press, currently trading at $ 3,816. The final week of 2018 was volatile, with a Bitcoin break above $ 4,200 on December 24th, before suffering several days of losses to trade close to $ 3,600 on December 28th. During most of the week, the currency mostly traded the $ 3,800- $ 4,000 range to the side.

After the shaky performance of the week, Bitcoin is now 6% less than its 7-day chart: losses in the month are around 11%. In the year, Bitcoin is down 72 percent – after selling around $ 13,400 on December 31st, 2017.

Bitcoin 7-day price chart. Source: Cointelegraph bitcoin price index

Bitcoin 7-day price chart. Source: Cointelegraph bitcoin price index

Ripple (XRP) – the second largest crypto by market capitalization – is down by an equally mild 2% during the day, and is trading at around $ 0.36 for the press. The 7-day trading model was closely correlated with that of Bitcoin, with a maximum of $ 0.44 on 24 December and a minimum intra-week of $ 0.34 on 28 December.

The typical Ripple trading interval for most of the week was $ 0.36- $ 0.38; today's renewed losses brought the asset to less than 2% below its value at the start of the 7-day chart. Monthly losses stand at a fairly moderate level of 4.5%. In the year, Ripple is down close to 85 percent.

7 days price chart ripple. Source: Cointelegraph & # 39; s Ripple Price Index

7 days price chart ripple. Source: Cointelegraph & # 39; s Ripple Price Index

Ethereum (ETH) – in third place by market capitalization – is under 1% of the day and trades at $ 138 at the time of printing. After a midweek peak of over $ 156 on December 24th, the altcoin dropped below $ 115 on December 28th, but saw a second wave of positive momentum in the following days, dropping by around $ 150 on December 29th.

Ethereum is around 10 percent in red on its 7-day card at the time of printing. The currency has seen growth in the month, with a gain of 23 percent. In the year, Ethereum is down close to 82%.

Ethereum 7-day price table. Source: Cointelegraph Ethereum Price Index

Ethereum 7-day price table. Source: Cointelegraph Ethereum Price Index

Among the remaining first twenty coins on CoinMarketCap, NEM (XEM) suffered the highest losses of the day – down close to 6% at the time of printing. EOS (EOS) and recently bifurcated Bitcoin SV (BSV) are both down about 3 percent a day for the press. Litecoin (LTC) is also pushing a 3% loss at the time of printing, while Cardano (ADA) records almost 4% of daily losses.

An outlier in the top twenty is the Binance Crypto Exchange native Binance Coin (BNB) coin – the only currency at the time of printing – which is up 3.46 percent to $ 6 , 15.

The total market capitalization of all cryptocurrencies is about $ 127.7 billion at the time of the press, down from a maximum of intraweeks of over $ 146.3 billion on December 24th. Compared to a year ago, total capitalization fell by around 78%.

1 year chart of the total market capitalization of all cryptocurrencies. Source: CoinMarketCap

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