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Bitcoin Hovers Just Above $3,600 as Crypto Markets See Another Slump

Cryptocurrencies are declining again, after yesterday’s brief recovery attempt. Tuesday, Jan. 15 — following a brief period of recovery yesterday, all of the top 20 cryptocurrencies by market capitalization are falling again. The only exception to this are two stablecoins Tether (USDT) and USD Coin (USDC), which are currently in the green. Market visualization from Coin360 As of press time, Bitcoin (BTC) is down 2.34 percent on the day, to trade at $3,615. The leading cryptocurrency started the day above the psychological threshold of $3,700, while on the weekly chart the highest price point was registered on Jan. 9 at $4,107. Bitcoin 7-day price chart. Source: Cointelegraph Price Index The second largest cryptocurrency by market cap, Ripple (XRP) has lost almost 3 percent of its value over the last 24 hours, currently trading at around $0.32. XRP did not experience significant price fluctuations today, but it is significantly down from the intraweek high of $0.38 seen on Jan. 9. R..

Crypto Markets Show Signs of Recovery Following Severe Losses

Cryptocurrencies have started growing again after seeing significant losses over the past couple of days. Monday, Jan. 14 — the vast majority of cryptocurrencies are recovering after experiencing severe losses over the last several days, according to Coin360. Of the top 20 by market capitalization, only the stablecoins USD Coin (USDC) and Tether (USDT) are still in the red. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) has seen an increase of nearly five percent on the day, and is trading at around $3,717 at press time. As Cointelegraph reported earlier, BTC hit a new year-to-date low today, slumping to as low as $3,544. On its weekly chart, Bitcoin’s highest price point was $4,107 on Jan. 9. Bitcoin 7-day price chart. Source: Cointelegraph Price Index Ripple (XRP) — which is currently at the top position among altcoins by market cap — has grown by more than 4 percent over the last 24 hours, and is trading as around $0.335 at press time. Ripple’s market ..

Bitcoin Sees New 2019 Lows as Crypto Markets Slide Down

After a weekend mostly in the red, the crypto markets keep sliding down, with Bitcoin and other major currencies seeing moderate losses. Monday, Jan. 14 — crypto markets are still sliding down after a weekend in the red. According to CoinMarketCap, Bitcoin (BTC) has hit a new 2019 low, trading at $3,552 around press time as other major cryptocurrencies are facing moderate losses. Market visualization from Coin360 Bitcoin has lost another 2 percent in 24 hours, with its price barely reaching $3,600. Although some reports predicted major market movements due to the recent activation of long-dormant Bitcoin wallets, the major coin has spent a weekend mostly in the red. Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin Price Index Ripple (XRP), which is currently the top altcoin with a market capitalization around $13.3 billion, is facing slight losses of around 2.5 percent. As of press time, the coin is trading at around $0.324. Ripple 7-day price chart. Source: CoinMarketCap ..

Crypto Markets Attempt to Stem Recent Losses, Some Top Alts See...

After a major price rout yesterday, many cryptocurrencies are today clawing back lost ground, with most of the major coins tipping back into the green. Friday, Jan. 11 — after a major price rout yesterday, many cryptocurrencies are today clawing back lost ground, with most of the major coins tipping back into the green, as Coin360 data shows. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has stabilized around $3,700 to press time, seeing a slight 1 percent recovery over the past 24 hours. Yesterday, Jan. 10, Bitcoin fell sharply in value from ~$4,000 to ~$3,650 — an over 8 percent intraday loss. Having reclaimed the $4,000 mark Jan. 6 — which it comfortably held for several days — the fresh downturn has brought Bitcoin to a mild 2.4 percent loss on the week. On the month, the coin remains up by 8 percent. Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index. Ripple (XRP) — which yesterday dislodged Ethereum yet again as largest altcoin by marke..

Circle CEO Says More Regulatory Clarity From US SEC Will Help...

The CEO of Circle says the biggest regulatory hurdle facing the industry today is the lack of clarity over crypto and securities laws. CEO and co-founder of Goldman Sachs-backed crypto finance company Circle has said the biggest regulatory hurdle facing crypto today is the lack of clarity from the United States securities regulator over how to define various crypto assets. Jeremy Allaire made his remarks in an AMA reddit thread he initiated on Jan. 10 together with Circle co-founder Sean Neville and other representatives from the firm. In response to a question over Circle’s efforts to educate regulators like the Securities and Exchange Commission (SEC) about the crypto industry, as well as specific challenges the company faces, Allaire wrote: “The biggest and most immediate regulatory hurdle we face is the lack of specific guidance from the SEC on how to classify various crypto assets. We believe many are clearly currencies and commodities, and there needs to be more specificity on w..

Crypto Markets See Mixed Signals, Bitcoin Still Above $4,000

Bitcoin has been holding the psychological $4K mark for two days, while some of the other top currencies see mild losses Tuesday, Jan. 8 — crypto markets are seeing mixed signals, according to data from Coin360, after a day mostly in the green. Bitcoin (BTC) still remains above current psychological barrier of $4,000, while some of the other major cryptocurrencies see mild losses. Market visualization from Coin360 Bitcoin has not dipped below the $4,000 mark for almost two days now, reaching up to $4,109 today. As of press-time, the leading coin is trading at about $4,050. Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin Price Index Ethereum (ETH) still occupies the leading position among the altcoins, losing around 1 percent on the day and trading around $151 by press time. As CoinMarketCap data shows, the coin’s price has sloped downwards since the middle of the week. Ethereum 7-day price chart. Source: CoinMarketCap Ethereum Price Index Ripple (XRP), the second largest a..

Bitcoin Tops $4,000 Amid Mostly Green Crypto Markets

Most of the top 20 cryptocurrencies are reporting slight to generous gains, with Bitcoin going above the $4,000 threshold. Monday, Jan. 7 — most of the top 20 cryptocurrencies are seeing slight to generous gains in the 24 hours to press time. Bitcoin’s (BTC) price has surpassed the $4,000 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up nearly 5 percent on the day, trading at around $4,025. Looking at its weekly chart, the current price is above the intra-week high of $3,946 — registered on Jan. 2 — and is also notably higher than $3,841, which is the value of one bitcoin last Monday. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH) remains the second-largest cryptocurrency by market cap. The divide between ETH and Ripple (XRP) — currently the third-largest crypto by market cap — is decreasing. Ethereum’s market cap is currently $15.9 billion, while Ripple is sitting at $15 billion. Ethereum has seen its value decre..

Crypto Markets See Green as Bitcoin Nears $3,900 and Ethereum Touches...

The crypto markets are seeing a wave of green, with Bitcoin near $3,900 and Ethereum close to $160. Saturday, Jan. 5 — the crypto markets are mainly in the green today, as Bitcoin (BTC) moves closer to the $3,900 mark, data from Coin360 shows. Market visualization by Coin360 Bitcoin has shown slight growth today, up by around 3 percent and trading at about $3,899 at press time. Over the month, Bitcoin is up almost 1 percent and almost 7 percent over the week. Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index. Ethereum (ETH) is currently trading at around $159, up more than 6 percent on the day at press time. The second-largest cryptocurrency is seeing around 35 percent gains over the week, and 47 percent gains over the month. This week, developers from Ethereum discussed the possibility of implementing a new proof-of-work (PoW) algorithm that would raise the efficiency of GPU-based — rather than ASIC-based — mining on the network. The debate over whether to go f..

Crypto Markets See Mild Downturn, Bitcoin Holds Near $3,800

All major cryptocurrencies are seeing some further corrections today, Bitcoin hovers around $3,800. Friday, Jan. 3 — after crypto markets tipped back into red yesterday, most cryptocurrencies are today seeing some further corrections. All of the top twenty coins by market cap are seeing tempered losses on the day, as data from CoinMarketCap shows. Top cryptocurrency Bitcoin (BTC), a day after the tenth anniversary of its genesis block, is down over 2 percent over the 24 hours to press time, and is currently trading around $3,798. The coin has failed to break back above the $4,000 price point, despite several bursts of growth over the course of the past week — and has largely traded range bound between $3,800 - $3,900. Bitcoin is up about 3.5 percent on the week. One month ago, Bitcoin was trading around $4,000, and is down around 5.4 percent to press time. Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index. Ethereum (ETH) — which this week reclaimed its former ran..

On Bitcoin’s 10th Birthday, Crypto Markets See Corrections Across the Board

Crypto markets have dipped back into the red, with most of the top twenty cryptocurrencies by market cap seeing losses capped below 6 percent. Thursday, Jan. 3 — after some positive inklings of growth earlier this week, crypto markets have today dipped back into the red, with most of the top twenty cryptocurrencies by market cap seeing losses capped below 6 percent, as data from CoinMarketCap shows. TRON (TRX) is one of the only outliers among the top coins and the strongest top twenty performer on the day, up just 1 percent. The market is evidently responding positively to news that stalwart peer-to-peer torrent client BitTorrent has launched a TRON-based native token for its users — the company’s first major move to tokenize its content sharing ecosystem, roughly six months after it was acquired by TRON in July 2018. As of press time, TRX is ranked 10th largest cryptocurrency by market cap, and is trading at around $0.02, according to CoinMarketCap data. Ten years after its “genesis..
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