Saturday , May 15 2021

Top Cryptocurrencies Mostly in Red, Bitcoin Falls Below $ 3,900 Again



Sunday, December 30 – Most 20 largest crypto currencies see discrete losses, while some report on discrete gains. Bitcoin's price (BTC) is again below $ 3,900, according to Coin360.

Market Visualization

Market Visualization from Coin360

In the press time, Bitcoin was down part of the day, trading at around $ 3,880. Looking at the weekly chart, the current price is considerably lower than Monday's $ 4,271, and is also lower than $ 4,011, a BTC price a week ago. Moreover, the current price is still considerably higher than $ 3,642 – mid-week low recorded on Friday.

Bitcoin 7-day chart price

Bitcoin 7-day chart price. Source: CoinMarketCap

Ripple (XRP) – the second largest crypto currency market capitalization – remained relatively stable per day, traded at around $ 0.399.

On a weekly chart, the current price is higher than $ 0.367, the price at which the coin started a week. However, the current price is also significantly lower than the weekly average of $ 0.446 achieved on Monday.

Ripple 7-day ticket price

Ripple 7-day ticket price. Source: CoinMarketCap

Ethereum (ETH) remains the third largest crypto currency by market capitalization, but the difference between Ripple and ETH decreases. The market capitalization of Ethereuma currently amounts to $ 14,380 million, while Ripple's $ 14,936 million.

Ethereum has seen more than 2 percent increase in value in the last 24 hours. At the time of printing, the ETH is traded at around $ 139, starting at $ 136 a day. On a weekly chart, the current price is higher than $ 129 – which was the value of the ETH on the last Sunday – but also lower than Monday's high of $ 157.

Ethereum 7-day chart

Ethereum 7-day chart. Source: CoinMarketCap

Among the top 20 crypto currencies, the only record for the gains – apart from Ethereuma – are EOS and Dash (almost 3 percent), Cardano (1 percent) and NEM (three fourth percent). The biggest winner in the day is NEO, which grew by almost three and a half percent at the time of printing.

Combined market capitalization of all cryptocuracies – which is currently equivalent to about $ 130 billion – has lost about $ 3 billion this week, but has recovered $ 10 billion from the mid-week $ 120 billion. Moreover, the total crypto market capitalization also lost about $ 17 billion from the weekly $ 147 billion report that was recorded on Monday.

Total Crypto Market Cap 7-Day Card

Total Crypto Market Cap 7-Day Card. Source: CoinMarketCap

As recently reported by Cointelegraph, the manufacturer of the Graphics Processor Unit (GPU), Nvidia faces a lawsuit for aggregate action because of losses reported after the fall of cryptovalues ​​in the market reduced demand for GPUs by miners. After the mining crash, the company's stock price lost 54% of its value and became the worst S & P 500 performer.

Also, the leading ASIC mining manufacturer, Bitmain plans to release more than 500 its employees and stop working on mining, as executive executives of the company are reported in Chinese media as though they allegedly resigned.


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