Bitcoin Dips Below $3,900 as Crypto Markets See Red

Saturday, Dec. 22: most of the top 20 cryptocurrencies are seeing moderate losses, with Bitcoin struggling to stay near $3,900.

At press time, Bitcoin is down almost 5 percent over the last 24 hours, trading at $3,879.

On its weekly chart, current prices are below the highest value on the week of near $4,200, but still significantly higher than $3,217, the value at which BTC started the week.

On the weekly charts, the current price is significantly higher than $0.285, the price at which the leading altcoin started the week.

Ethereum remains the third largest cryptocurrency by market cap, losing about 3 percent of its value in the last 24 hours.

At press time, ETH is trading around $112, starting the 24-hour period at $116.40 and reporting an intra-day low of about $107.50.On the weekly chart, the current price is notably higher than the starting point of $83.60, but below the intra-week high of $119.Ethereum 7-day chart.

Namely, Bitcoin SV is down nearly 10 percent, and Bitcoin Cash is down over 8 percent on the day to press time.

The only top 20 cryptocurrency breaking the red trend is Waves, up almost 3 percent on the day.

Total market capitalization of all cryptocurrencies has dipped below $130 billion, at $127.5 billion by press time.

Total market cap has still seen huge gains on the week, up from $101 billion, and peaking at $137.5 on Dec. 20.As Cointelegraph reported Friday, the recent decrease in mining profitability has hit Graphics Processing Unit producer Nvidia, cutting the company's stock price by 54 percent in Q4 2018.