Weekly update of the Bitcoin, Ether and XRP market: 3 January 2019

The total market cap has added $ 3 billion over the past week, but is still declining with about $ 485 billion from the same period a year ago. Ethereum is leading the recovery after missing 17% and returning to second place as the most valuable cryptocurrency.

BTC-USD

Bitcoin it moved below the $ 3,800 mark again on December 27th with a 5.6 percent decline. The most popular cryptocurrency failed to reach a new high in December since it peaked at $ 4,200 on December 20, after a mid-month crash at $ 3,200.

The buyers, however, were hoping for another year-end rally and were able to push BTC-USD torque above $ 3,800 and $ 4,000 on December 28th. The increase in the price of 8% resulted in a green wave in the top 100 currencies.

It was more than $ 1 million BTC to steal in an apparent attempt at hacking against the popular cryptocurrency portfolio copper alloy. At least 240 bitcoins have been transferred to several blockchain portfolios by multiple Electrum users on December 27th.

According to reports, hackers transmitted a message to end users urging them to update their portfolio version using a scam URL.

Cryptocurrency exchange based in Singapore Huobi reported that its daily volume of cryptocurrency contracts had exceeded one billion dollars on its recently launched Huobi derivatives market (DM). The third largest spot trading platform in the world launched Huobi DM last month adding bitcoins (BTC), ether (ETH) and, from December 28, EOS contracts that aim to allow arbitrage, speculation and the cover.

Furthermore, the company announced that the Huobi pool, the mining branch of cryptocurrencies of the Huobi Group, will launch the first exchange of the company in the first quarter of 2019 which will be dedicated to EOS. The exchange will allow users to exchange EOS with various cryptocurrencies.

Another cryptographic exchange, Kraken, announced in a blog post he allowed margin trading of bitcoin cash (BCH) and ripple (XRP). The addition expands the platform margin bid for eight assets.

During the weekend of 29-30 December, the bitcoin slipped back to $ 3,900 on Saturday, and then climbed back to $ 3,980 on Sunday, as neither buyers nor sellers were able to take control. The currency was down 2.4 percent for the seven-day period with trading volumes stable above $ 3 billion in the last days of the year.

BTC-USD ended the year with a red candle on the daily chart, falling to $ 3,935, representing an approximate 73% loss for 2018.

The last day of the year, the exchange of cryptocurrencies and the liquidity provider Bakkt informed that had finished its first round of financing after raising $ 182.5 million from a group of high-profile investors and venture capital firms.

The company will also seek to provide an updated launch timeline for its anticipated daily long-term contract of Bakkt Bitcoin (USD) at the start of 2019 as per ad. The launch was previously scheduled for January 24, 2019, but will be amended based on the Commodity Futures Trading Commission (##).CFTC) process and timing. Bakkt is a portfolio company of Intercontinental Exchange (ICE), which also owns the New York Stock Exchange.

The electronic and manufacturing giant Samsung he is said to be looking for a brand in the UK for a cryptocurrency portfolio. According to the UK's intellectual property office, the company has applied for a brand on December 27th. At the beginning of this month the company denied the rumors that it would include a cold cryptocurrency portfolio on its Galaxy S10 smartphone.

On the first trading day of 2019 he found Bitcoin with $ 130 to $ 3,960. He extended earnings above $ 4,000 on January 2 to stop at $ 4.050.

ETH-USD

Ethereum it lost 12 percent of its value on December 27th and fell below the $ 120 to $ 119 level. Recent movements in ETH prices and the volatile market, combined with high trading volumes, are good indicators for return interest rates. of investors.

The ETH-USD the pair gained 20 percent on December 28 and moved above $ 140 for the first time since November 20th, stopping at $ 142.

The observers saw almost no price changes during the weekend of 29-30 December and the lack of direction led to the third largest cryptocurrency in terms of market capitalization, trading in the area from $ 140 to $ 144. the week with a seven percent gain.

Co-founder of Ethereum Vitalik Buterin has released a point-by-point answer to the recent critics of Crypto Analyst Tuur Demeester who openly attacked the project a week ago on his Twitter page. Vitalik's response arrived on December 30th on r / ethereum subreddit where he shared his point of view on the current status of Ethereum, Bitcoin technology, job proof and pole testing mechanisms, lightning node, Shrading concepts and many others.

The new week opened with a decline from $ 144 to $ 136 on December 31st, far from the expectation of Bull Run. Ether the year ended 82 percent less than where it was 365 days ago.

On 1 January the losses of the previous day were canceled and the price rose to $ 145, closing the first day of the year with a green candle on the daily chart. December rallies and the fact that ETH increased by 30% for the period helped to claim its place as the second largest cryptocurrency that exceeds XRP by about $ 500,000 on 2 January.

Ether surpassed $ 150 on January 2nd and observed $ 175 to $ 183.

XRP-USD

Ripple's token fell to $ 0.349, or just below the $ 0.35 support on December 27th. The ten percent decline resulted in a third consecutive day in red.

On December 28, however, XRP-USD managed to clear all losses from the previous day to $ 0.39. The pair remained in the corridor from $ 0.39 to $ 0.375 over the weekend and closed the seven-day period at $ 0.382 without any significant price changes during that period.

On the last day of the year, XRP made another move south, this time at $ 0.36 confirming its 85% oxide in just one year.

Important news during the last week include XRP e Stellar (XLM) co-founder Jed McCaleb call Tron (TRX) platform (and 90 percent of the coins out there) only "trash" in a recent interview for Yahoo Finance, XRP lost its place as a second cryptocurrency in terms of market capitalization and Kraken added XRP margin trading to its platform.

In addition, the National Bank of Kuwait (NBK) introduced "NBK Direct Remit", a cross-border payment solution that uses RippleNet. The decentralized network of banks and other financial institutions will be used by the bank to provide its clients with "a no-frills remittance experience" and "fast cross-border money transfer solutions".

The payment giant Visa acquired Ripple partner Earthport Plc, a payment network for cross-border blockchain-based transactions. The $ 250 million agreement aims to strengthen Visa's position as a leader in fast-growing cross-border payments or transactions involving parties in two or more countries.

On January 1, XRP rose 4.7% and started the year with a green candle at $ 0.377. We saw a second green candle on the daily chart on January 2 when the token passed over $ 0.38 to reach $ 0.386.

In the early hours of January 3, the XRP-USD pair is making a correction with expectations for the support of $ 0.38 to keep a confirmation of the short-term bull run.