Tuesday, November 24: Bitcoin (BTC) failed to maintain the support of $ 4,000 it challenged yesterday, while most of the major cryptocurrencies for capitalization saw losses in the last 24 hours, according to CoinMarketCap.
9 of the top 20 cryptocurrencies are experiencing slight gains today, with prices ZCash (ZEC) and NEM (XEM) increasing by more than 10 percent and 8 percent of the day, respectively.
Market display from Coin360
Bitcoin is trading at $ 3,766 at the time of printing, up 0.28% in the last 24 hours. After plunging to $ 3,601 on November 25, the major cryptocurrency broke briefly $ 4,000 yesterday, but failed to keep earnings. The bitcoin traded around the $ 3,700 threshold during the day, with a short-lived intraday peak of $ 3,823 and an intraday low of $ 3,643.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP), the second largest currency by market capitalization, is slightly down by 1.30 percent, trading at $ 0.349. On its weekly chart, the XRP is down more than 20 percent.
7 days XRP price chart. Source: CoinMarketCap
Bitcoin SV, the hard fork of Bitcoin Cash (BCH), is the ninth cryptocurrency share by market capitalization, with a total market capitalization of approximately $ 1.7 billion. The forked currency is declining by almost 10% during the day and trading at $ 95.28 at the time of printing.
The total market capitalization is $ 122 billion at the time of printing, fluctuating around $ 120 billion during the day.
7-day chart of total market capitalization. Source: CoinMarketCap
Previously, Bloomberg reported that the main US stock exchange Nasdaq still intends to launch Bitcoin futures in the first quarter of 2019, despite the recent accident.
Yesterday, the president of the United States Securities and Exchange Commission (SEC), Jay Clayton, reiterated the Commission's rigid position on the compliance of initial money offerings (ICOs). In an interview with CNBC, Clayton stressed the need to conduct public token sales in accordance with SEC requirements, claiming that most ICOs should be considered securities.
Investor of the crypt Anthony Pompliano said that Bitcoin would probably fall to 85 percent below its historical highs and stabilize around the $ 3,000 threshold. While Pompliano claimed that Bitcoin is the "best asset class with the best performance of the last ten years", he said that the main cryptocurrency was "overvalued" in December 2017, when the Bitcoins reached $ 20,000.