Monday, January 21: cryptocurrencies are seeing the weakness of prices across the board, with almost all the top 100 coins by market capitalization in red. How many coins have lost between 3 and 7 percent in the day, as shown by Coin360 data.
Visualization of the market with Coin360
Bitcoin (BTC) is down about 4 percent on the day so as to increase the time, going from a maximum of 24 hours of ~ $ 3,755 to its current price around $ 3,570.
Despite a jagged week of fleeting earnings, the best currency has come to almost the starting point on its 7-day chart, and is trading just 0.5 percent less on the week. The monthly losses are however higher by 11 percent, according to CoinMarketCap.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP), currently the largest altcoin by market capitalization, is falling slightly lower, losing 3.4 percent of the day to trade at ~ $ 0.317 at the time of printing. Ripple's market share is currently $ 13 billion – compared to the $ 12.2 billion Ethereum (ETH).
After an unstable week, Ripple drops by a slight 2.4% in the week, but the monthly losses are much higher, at 13.6%.
Today, the fintech startup Crypto Garage announced its Bitcoin settlement system using Blockstream's Liquid Sidechain was the first blockchain finance project to get the go-ahead under the Japanese government's sandbox regime.
7 days price chart ripple. Source: CoinMarketCap
The second largest Ethereum altar (ETH) is down 5% on the day, and trades at $ 117 at the time of printing. Despite a sharp rise in prices above $ 130 on January 15, Ethereum's long decline brought it back almost to the point of ending, losing just under 1% in the week.
In the medium term, Ethereum traded slightly higher than it was at the start of its one-month chart, up 2.17 percent on the month.
Price chart for 1 month of Ethereum. Source: CoinMarketCap
The remaining first twenty coins on CoinMarketCap are all in red, with losses between 2% and 8%. Maker (MKR), ranked 20th, is down – the 8.13 percent more per day for printing. Litecoin (LTC), ranked eighth largest, is also close to 5% and Cardano (ADA), at the 11th place, is down more than 4% during the day.
Tron (TRX) is currently the only one of the top twenty coins in the green, with a solid 2.86% during the day.
The total market capitalization of all cryptocurrencies is about $ 119 billion from press time, down 4.3% on the day, but sees virtually no change in the week.
7-day chart of the total market capitalization of all CoinMarketCap cryptocurrencies
The UK-based investor and entrepreneur, Alistair Milne, predicted today that the next run in the cryptographic market will determine which public blockchains will become household names in the industry. Milne expressed strong confidence in Bitcoin, boldly declaring that:
"The probability that Bitcoin corresponds to his ATH [all-time high] again the price and then does not continue beyond it seems very low. Each wave of adoption is an order of magnitude larger than the previous one. "