With almost all the top players cryptocurrencies seeing green today, this indicates as if the downtrend in markets has slowed.
Bitcoin’s (BTC) losses yesterday totaled over 15 percent, although the coin has had been able to spring back into the green today, up 3.12 % on the day and trading at about $4,499 at the time of reporting. The class leading digital asset is over 21 percent on its weekly chart.
Wall Street crypto bull Tom Lee repeated his recently reduced year-end price prediction of $15,000 for Bitcoin, yesterday. No matter what recent market crash, he earned this prediction. While remaining positive about a year-end rally, Lee admitted your markets have “certainly” seen a “negative development,” which signals a “downside of one’s momentum.”
The second largest cryptocurrency by market capitalization, Ripple (XRP), is down 0.05 percent during the last 24 hours and trading at $0.44. The altcoin’s market cap is approximately $17.85 billion, while its weekly high point was around $20.8 billion on Nov. 18, professionals CoinMarketCap.
Ethereum (ETH) is down 0.3 percent on the day that is trading at $135.24 at press time. The coin’s cheapest price point marriage ceremony was $126.30. Its total market capitalization is $13.9 billion.
Bitcoin Cash (BCH) is in the most some of the top twenty coins this month, having lost over 47.22 percent in your seven-day period. At the time, the coin is trading at $229.2 at press time. It possesses a market cap of $4 billion.
Among the highest 20 cryptocurrencies, Bitcoin Cash and Bitcoin Gold are classified as the major losers, down by 4.26 3.14 % on the day, respectively, according to CoinMarketCap.
Among top 100 coins by market cap, the most important benefit winners are Ark, Nexo, and Golem. Right then and there, they are up by 12.8, 11.1, 10.4 percent respectively.
The total market capitalization coming from all digital assets is just about $149.5 billion, while its weekly high point was around $189 billion on Nov. 15. At the time of reporting, daily trade volume depends upon almost $15.6 billion. Notably, the sheer numbers of cryptocurrencies listed on CoinMarketCap has decreased to 2,071.
Earlier today, few media outlets reported that this recent crypto market break up has eased force on the U.K.’s financial regulator to produce hasty new rules for the sector. Gillian Dorner, deputy director for financial services at Britain’s finance ministry, allegedly revealed that they want to remember to look at that in any bit more depth and ensure that they obtain a balanced approach.