Thursday, Dec. 13: after seeing a small rebound yesterday, crypto markets are experiencing another mild decline, with 19 out of the top 20 cryptocurrencies by market cap in red.
Ripple, the second largest cryptocurrency by market cap, is down 1.4 percent over the 24-hour period, and is trading around 0.30 at press time.
After growing to as high as $92 per coin yesterday, third largest coin Ethereum has again dropped below the $90 price point today.
Bitcoin SV, the coin recently formed in a hard fork of Bitcoin Cash, is again seeing the most losses among top 20 crypto markets.
Bitcoin Cash is close behind, down almost 8 percent and trading at $95.1.
While the 20 top currencies by market cap have experienced some mostly mild losses today, the major markets have also seen a new entrant into the top 20 ranks; cryptocurrency and governance token Maker is up a whopping 33.8 percent on the day and has overtaken ZCash in terms of market cap, reaching 19th place.
Total market capitalization of all cryptocurrencies has again dipped below $110 billion after touching $112 billion yesterday, Dec. 12.
At press time, the total market cap amounts to $108.6 billion, while daily crypto trade volume accounts for $10.7 billion.
According to the study, the amount of crypto users has increased by almost 50 percent, growing from 18 million to 35 million.
Recently, Mike Novogratz, founder of crypto bank Galaxy Digital, argued that Bitcoin is "Not going to zero," comparing the current state of crypto markets to a "Methadone clinic." Novogratz explained that last year's "Speculative mania" that lead Bitcoin's to reach almost $20,000 per coin is gone and the crypto community is "More sober now."
Bitcoin Price Near $3,400, Wider Crypto Markets See Another Mild Slump
gepubliceerd op Dec 13, 2018
by Cointele | gepubliceerd op Coinage
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