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Thursday, December 6: cryptocurrency markets continued yesterday's losses, with only two of the top twenty coins that saw gains, according to Coin360.
Market display from Coin360
Bitcoin (BTC) is down 3.13% per day, with a maximum of $ 3,887 and a minimum of $ 3,587. At the time of printing, the main cryptocurrency is trading around $ 3.656.
On its weekly chart, BTC is at its lowest price in the last seven days, down 14.4%, while the monthly currency statistics show losses of 43%.
Monthly chart of Bitcoin prices. Source: CoinMarketCap
The second largest virtual currency by market capitalization Ripple (XRP) traded at $ 0.320 at the time of printing, down 5.36% on the day. Altcoin's market capitalization is about $ 12.7 billion, while its weekly high was $ 15.3 at November 30, according to CoinMarkerCap.
7 days XRP price chart. Source: CoinMarketCap
Ethereum (ETH) lost 7.85 percent in the last 24 hours, dropping below $ 100 for the first time in the last month. The currency is traded around $ 95 at the time of printing. The market capitalization of ETH is $ 9.7 billion at the time of printing.
Ethereum 7-day price table. Source: CoinMarketCap
The Top 10 Bitcoin Cash (BCH) coin is one of the top 20 coins, recording major losses during the day. The altcoin has been falling more than 14 percent in the last 24 hours and trading at around $ 112 at the time of printing.
The Bitcoin Cash fork was followed by a lawsuit filed by the Florida-based United American Corp. against cryptic exchanges Bitmain, Kraken, Bitcoin.com and the Evangelist Roger Ver, claiming that they engaged in "methods of unfair competition "which is harmful to UnitedCorp and other interested parties.
United American Corp. claims that during the hard fork, a number of entities took control of the network using "hashing for rent" to facilitate the adoption of Bitcoin ABC, while "no person or entity can be authorized to control them. "
Bitcoin SV (BSV), in turn, saw substantial daily gains of 22.55 percent, and traded at around $ 107.31 at the time of printing. The maximum bid of BSV is 21 million, while its market capitalization is about 1.8 billion dollars at the time of printing.
Today's biggest losers also include EOS and Binance Coin (BNB), which are down 14.19% and 17% respectively. At the time of printing, EOS is trading at $ 1.90 and BNB is around $ 5.
The total market capitalization of all cryptocurrencies is about $ 114.4 billion at the time of printing. On its monthly table, total market capitalization showed a steady downward trend.
Total market capitalization 7-day price chart. Source: CoinMarketCap
Meanwhile, the digital asset manager Bitwise has launched two new beta funds for BTC and ETH, with the goal of providing a "low-cost" and "liquid" medium to capture returns on both high-profile assets. Matt Hougan, global head of research for Bitwise, contextualized the launch of new funds driven by "significant incoming demand" stimulated by "positive developments on the horizon".
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