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Friday, December 21 – cryptography markets have interrupted their five-day green strip, with many of the main cryptographic resources that have undergone minor corrections at the time of printing, as Coin360 data show.
Viewing the Coin360 market
The largest bitcoin cryptocurrency (BTC) is just below the value of $ 4,000, which recovered yesterday, December 20, limiting a series of five days of solid growth. At $ 3,971 at the time of the press, and down about 2% during the day, the currency traded at around $ 800 more than the intraweek minimum of $ 3,185 on December 14th.
The recent increase in Bitcoin marked a gain of almost 16 percent on the weekly chart of the resource; in the month, the currency decreased by 16 percent.
Bitcoin 7-day price chart. Source: Cointelegraph bitcoin price index
According to Crypto by market capitalization Ripple (XRP) is down slightly more than 3 percent of the day, trading at $ 0.36 at the time of the press, according to Cointelegraph's Ripple Price index. The solid growth of the resource over the course of the week brought the 7-day chart to 18.5% in the green, with monthly losses that however remained net of 23.5%.
7 days price chart ripple. Source: Cointelegraph & # 39; s Ripple Price Index
Ethereum (ETH) – in third place by market capitalization – lost slightly more in the last 24 hours, down close to 3% of the day and traded at $ 110 at the time of printing. Before today, the altcoin had seen five days of solid growth – climbing its three-digit value, after falling to a low of around $ 82 on December 14th.
While Ethereum is now close to 22% on its weekly chart, it remains down around 26% in the month.
Ethereum 7-day price table. Source: Cointelegraph Ethereum Price Index
After a peak of around 36 percent yesterday, the fourth largest cryptocurrency Bitcoin Cash (BCH) saw a negligible price change of 24 hours, down by just 0.5 percent to $ 181. The bitcoin SV (BSV ) just bifurcated, currently ranked as the eighth largest cryptocurrency, has experienced greater volatility, down 5 percent around $ 106, according to CoinMarketCap.
All the remaining first twenty coins on CoinMarketCap are in red – although most losses are limited to less than 5 percent. Temporary losses hit encrypted as Litecoin (LTC), down 4% to $ 31.23 and Stellar (XLM) of 1.9% to $ 0.12. Ethereum Classic (ETC) is down 3.8% to $ 4.62; Privacy-focused altcoins Monero (XMR) and ZCash (ZEC) are down 2.2 and 2.75 percent, at $ 51.57 and $ 61.97 at the time of printing.
A notable exception is the twentieth largest Crypto Waves (WAVES), down more than 18 percent to $ 3.34, after bullish funding and development news had peaked over 30 percent at the start of this week.
Tron (TRX) is an important market outlier in a positive direction, with a 16 percent increase on the day it trades at $ 0.02. Even Cardano (ADA) sees an unusual growth – if milder – in a bear market, it is almost 4% to $ 0.04.
The total market capitalization of all cryptocurrencies is about 130.15 billion dollars from the time of the press, having reached yesterday $ 137.8 billion. However, it remains a minimum of $ 101.16 billion at the start of the 7-day chart on December 14th.
Weekly chart of the total market capitalization of all CoinMarketCap cryptocurrencies
The bear market has seen major mining encryption companies such as Ebang, which produces ASIC hardware, report "significant declines" in revenue for the second half of 2018. Meanwhile, the number of new ATM cryptogens worldwide is continuing to rise despite the market crash, according to data published at the beginning of this month.
Today, an article in the Wall Street Journal has come to suggest that "the only good thing about investing in cryptocurrencies in 2018 was tax reduction", and that traders should sell and then buy back their Bitcoin (BTC) to maximize their relief fee.
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