Dec. 27: Bitcoin is staying stable while major altcoin markets are showing signs of a fresh downward trend, led by Bitcoin Cash.Market visualization from Coin360.
Data from Cointelegraph's price tracker and Coin360 showed a mixed but broadly calmer top twenty assets by market cap, compared to last week's volatile activity.
BTC/USD, which had gained over $1,000 to hit intra-week highs around $4,230 Dec. 23, has since begun a U-turn, hovering around $3,800 since Christmas Eve while trading in a narrow corridor.
At press time, the pair traded around $3,806 and down just a fraction of a percent, having remained unfazed by separate volatility in traditional stock markets.
Cryptocurrency commentators have sought to debunk the myth that Bitcoin is a correlated asset as stocks posted their worst Christmas Eve on record, only to stage the biggest one-day gains in history Dec. 26.
In altcoin markets, it was BCH leading the daily losses, dropping 4 percent on the day to press time.
Reaching over $200 from $75 previously, BCH/USD has since pulled back to $165. Controversy over Bitcoin SV - formed in a recent hard fork of Bitcoin Cash - continues to abound on social media.
One of the only top 20 coins in the green, Ethereum Classic is up almost 6 percent on the day to press time.
The coin, ranked 17th by market cap, is currently trading at $5.21.
Total market capitalization of all cryptocurrencies is at about $127 billion at press time, down from $147 billion on Dec. 24.
Bitcoin Stabilizes as Most Top 20 Coins See Mild Losses
gepubliceerd op Dec 27, 2018
by Cointele | gepubliceerd op Coinage
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