Friday, December 26 – cryptography markets are recovering again after heavy losses hit all the major cryptocurrencies yesterday on Christmas Day. All the top 10 coins by market capitalization are recording slight losses or gains within a three percent range, both red and green, as shown by Coin360 data.
Viewing the Coin360 market
Bitcoin (BTC) saw a negligible price change in the 24 hours prior to press time and currently trading around $ 3,804. After a sharp fall in prices yesterday, the currency is causing further losses and is maintaining a price change near the start of its weekly chart. Overall during the week, Bitcoin has tolled between the highest of $ 4,236 on December 23rd, at the lowest price today.
Bitcoin oscillations led to a gain of around 7 percent on the week; in the month, the currency is a slight 1.3% in red.
Bitcoin 7-day price chart. Source: Cointelegraph bitcoin price index.
The second largest crypt by market capitalization Ripple (XRP) continued to lose value after suffering double-digit losses. The business is trading at $ 0.37, down slightly more than 2 percent of the day, according to Cointelegraph's Ripple Price index. Despite a peak in the $ 0.45 intraweek on December 23rd, Ripple was traded mostly between $ 0.35- $ 0.39. During the week, the alt did the full round at the same price point; monthly losses are around 2.4 percent.
7 days price chart ripple. Source: Cointelegraph & # 39; s Ripple Price Index.
Ethereum (ETH) – in third place by market capitalization – has recorded an increase of one percentage point in the last 24 hours and currently trades at $ 127. Despite a bearish performance yesterday compared to the broader market crash, Ethereum remains a bullish 35% in the green in its weekly ranking, and is comfortably green in the month, up about 14%.
The Ethereum 7-day price table. Source: Cointelegraph Ethereum Price Index
The CEO of Hong Kong's large cryptocurrency trading platform BitMEX Arthur Hayes told Cointelegraph Japan today that he believes the first coin offerings (ICOs) will return within 18 months and Ethereum will see an aggressive rebound to test soon $ 200.
Fourth largest cryptocurrency Bitcoin Cash (BCH) has posted stronger gains of 24 hours, and is currently close to 4% more of the day at $ 170. After seeing great growth this week, the currency has increased by about 93% compared to the weekly chart and down by about 12.3% in the month.
Among the top ten coins on CoinMarketCap, EOS (EOS) is another strong performer, with a growth of 3.8% to $ 2.56. Tron (TRX) also rose 3.5% to $ 0.02, while Litecoin (LTC) dropped about 2% to $ 29.98.
Among the top twenty, Ethereum Classic (ETC) outperformed all other activities in terms of 24-hour growth, up 12% to $ 5.14. The slightest gains were seen by NEO (NEO), up 2.5% to $ 7.49 and to Cardano (ADA), up 2.48% to $ 0.04. Altcoin-focused privacy Monero (XMR) and ZCash (ZEC) are down 0.5 and 1.1 percent, at $ 48.41 and $ 59.96 at the time of printing.
The total market capitalization of all cryptocurrencies is $ 128.1 billion from the time of the press, down from a maximum of intraweeks of over $ 146.5 billion on December 24th. However, it remained significantly above a minimum of $ 114.9 billion at the start of the seven-day chart on 18 December.
Weekly chart of the total market capitalization of all CoinMarketCap cryptocurrencies
In the news for today's cryptic Asian markets, the Japanese Mizuho Financial Group has revealed plans to introduce a digital currency to be used for remittances and payments arriving in March.
Meanwhile, Asia fintech and crypto leader of the audit firm PwC Hong Kong predicted that many institutional actors will enter the cryptography industry in 2019, citing the increase in regulatory clarity as a key factor.