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The cryptocurrency prices are traded virtually unchanged on Tuesday, extending what was a relatively moderate start of 2019 for digital assets.
At the start of Tuesday trading, a single bitcoin,
BTCUSD, + 0.70%
the best-known cryptocurrency reached $ 4,047.87, up 0.4% from Monday's level to 5 pm. Eastern Time on the Kraken Kryp exchange.
To read: Some Americans already pay their bitcoins in taxes
Ethereum update
Ethereum, the blockchain that most crypto-ventures launch their cryptocurrency, is scheduled for an update on January 16th. Unlike the recent debacle with Bitcoin Cash, the ethereum community generally agrees on changes to the protocol.
"In this imminent case, the ethereum update has been widely accepted by the community and so far there have not been great players protesting against Constantinople (the name of the update). So it will most likely be a hassle-free update ", wrote Mati Greenspan, eToro senior market analyst.
"This means that the entire network will probably implement the upgrade together and there will be no action required by end users."
To read: Are ICOs short of cash behind Ether's underperformance?
What they are doing altcoin and futures
In altcoins – the market for cryptocurrencies other than bitcoin – most of the important currencies are relatively unchanged. The etheric cryptocurrency, which runs on the ethereum chain, rose 0.6% to $ 151.17, Litecoin
LTCUSD, + 4.37%
rose 3.8% to $ 39.41, Bitcoin Cash
BCHUSD, -0.25%
was down 0.2% to $ 158.90 and XRP,
XRPUSD, -0.01%
it was unchanged at 37 cents.
Bitcoin futures are marginally higher on Tuesday. The February contract for Cboe Global Markets
XBTG9, + 0.50%
rose 0.4% to $ 3.990, and the February contract of the CME group
BTCG9, + 0.88%
it was 0.5% to $ 3.990.
To read: Almost 4 out of 5 investors are still bullish on bitcoins
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