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The cryptocurrencies are mostly lower on Thursdays with bitcoins, the best known cryptocurrency, the only major currency in the green.
In the initial trade, a single bitcoin
BTCUSD, -2.66%
it was earning $ 3,803.10, up 1.5% from Wednesday at 17:00 Eastern Time on the Kraken cryptocurrency exchange.
The outperformance of Bitcoin has seen its market share of all cryptocurrencies rise to 54.7%, the highest level since September 20, according to data from CoinMarketCap.
What analysts say
While equity markets continued to falter, a digital currency advocate and a smart contract user said that the main currencies would provide investors with a bet against what is being set up as a turbulent 2019 for the financial markets.
"There is a growing list of investments to be taken into account for 2019. These include strong commercial tensions, rising interest rates, political uncertainties, including Brexit, and compliant financial markets," said Ian McLeod of Thomas Crown Art, a blockchain-based company that promotes intelligent contracts for art, in a morning note.
"In this context, we can expect cryptocurrencies to be increasingly seen as" safe havens "for investors in 2019 and beyond".
To read: Because bitcoin – design – will not become useless, according to this cryptocurrency
Bitcoin cash continues to slip
Altcoins – the group of over 2,000 coins other than bitcoins – will exchange lower prices on Thursday. Ether,
ETHUSD, -5.13%
is down 2.2% to $ 99.38, Litecoin
LTCUSD, -4.95%
is 2.5% off at $ 28.39, XRP,
XRPUSD, -3.71%
is 0.2% lower at 33 cents and Bitcoin Cash
BCHUSD, -11.14%
continues to struggle in the period immediately following his hard fork, trading 10.9% to $ 116.00
In the futures trading, the Cboe Global Markets contract in December
XBTZ8, -6.45%
it was down 2.4% to $ 3.705, while the CME group contract in December
BTCZ8, -3.37%
it was up 0.1% to $ 3.710.
To read: Opinion: Bitcoin is about to become useless
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