Crypto Markets Meet December in Green, Bitcoin Trades Above $4,200

Bitcoin is down around 1.9 percent over the week, according to data from CoinMarketCap.

Ripple, the second cryptocurrency by market cap, is seeing milder gains, up around 3 percent over the past 24 hours and trading at $0.37 as of press time.

The coin is seeing considerable losses over the week, down more than 7 percent.

TRON, ranked 11th on CoinMarketCap by press time, is up 6.5 percent, also holding a significant grown over the week - more than 11 percent.

NEM is up 7 percent, seeing around 5 percent gains over the past 7 days.

Bitcoin Cash's hard fork, Bitcoin SV, is seeing a massive increase over the past 7 days, up more than 45 percent over the period.

The hard forked cryptocurrency is ranked nine on CoinMarketCap and is trading at around $94, seeing a small growth over the day - around 0.1 percent.

While the markets have taken another dip recently, Bitcoin fundamentals, such as cost per transaction and number of transactions, have increased, as noted by crypto evangelist Anthony Pompliano, a partner at crypto investment firm Morgan Creek Digital Assets.

In yesterday's post, Pompliano emphasized seven fundamentals of Bitcoin, pointing out the increasing number of Bitcoin wallets as well as the growth of the amount of daily confirmed transactions.

The crypto believer also stressed the increasing power of Bitcoin's hash rate, claiming that it has almost "Quadrupled in the last year or so," while the number of Bitcoin nodes has been 98 percent up over the last two years, the expert said, citing data from Bitnodes.