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Wednesday 2 January – The main cryptocurrencies were mostly in the green for two days, according to data from Coin360. Bitcoin (BTC) is still over $ 3,800 mark, while Ethereum (ETH) has regained its upper altcoin position.
Market display from Coin360
Proof of the keys – a celebration in which BTC holders temporarily withdraw their funds from all exchanges and brokers – will arrive in a few hours, and BTC has gained around 3% of the price from the start of 2 January. The currency is trading at around $ 3,900 at the time of printing.
Bitcoin 7-day price chart. Source: Bitcoin price index of CoinMarketCap
ETH has once again beaten Ripple (XRP) as the largest global competitor by market capitalization after spending several weeks in third place. Altcoin's market capitalization reached almost $ 15.8 billion at the time of printing, surpassing XRP's capitalization by nearly $ 1 billion. ETH is now trading around $ 150, gaining over 13% in terms of price compared to yesterday's rankings.
Ethereum 7-day price table. Source: CoinMarketCap Ethereum Price Index
Meanwhile, XRP, the third altcoin, traded at $ 0.36, seeing a slight rise in price during the day. The market capitalization of the currency is about $ 14.9 billion.
7 days price chart ripple. Source: CoinMarketCap Ripple Price index
The total market capitalization of all cryptocurrencies rose to $ 132 billion, $ 2 billion from the weekly high of $ 134.3 billion reached on Sunday, December 30th.
Total market capitalization graph of 7 days. Source: CoinMarketCap
All the other 20 early altcoins are in green today, with EOS (EOS), Cardano (ADA) and IOTA (MIOTA) with the most visible price increases with 5.1, 5.5 and 7.2 percent respectively in the day.
Meanwhile, the crypto community is discussing the charges against the HitBTC encryption, which would have frozen the accounts of many of its users in the wake of the Proof of Keys campaign.
The company itself has not yet responded to Twitter and Reddit users' charges, some of which state that BTC's withdrawal was not available to them in the last days. The connection between the blocked withdrawals and the Key Test is not confirmed.
Meanwhile, Japan's largest e-commerce conglomerate DMM.com Ltd. has announced the closure of its crypto mining services due to their deterioration in profitability. The news comes shortly after similar announcements made by the Japanese Internet giant GMO Internet Group, which ceased the development and sale of BTC miners.
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