[ad_1]
- Bitcoin remains close to $ 4,000 managing amid increasing bearish pressure.
- Altcoins are losing ground, all top-20 coins are in red.
The cryptocurrency market experienced another day of massive sales as the total value of all digital assets in circulation fell below $ 140 billion for the first time since September 2017. All major currencies are back in a red zone after a short-term recovery on Thursday, probably caused by Thanksgiving holidays in the United States. The first 12 coins lose 7% to 15% on a daily basis.
Bitcoin, the largest cryptocurrency based on market value, lost over 7% from Thursday to today at $ 4,140 at the time of writing. The currency holds over $ 4,000 critics so far; however, the weak recovery attempts darken the technical image.
Ripple's XRP fluctuates at $ 0.4000, down 8.5% on a daily basis. The second largest currency with a market value of $ 16.3 billion moves within a clear downward trend, driven by negative market sentiments and panic sales.
Ethereum is another big loser in the market. The currency has lost more than 11% of its value since yesterday at this time to trade at $ 120.65 per hour of printing. In addition, the third largest currency with a market value of $ 12.5 billion touched the low of $ 118 during the Asian session.
What's happening in the crypto universe
The BitPay CTO predicts that Bitcoin will cost $ 15,000 – $ 20,000 in 2019 despite the current crypto.
The USDCC stivecoin has been tested: everything is fine, it is fully supported by fiat.
Saudi Arabia will launch its cryptocurrency next year.
