Crypto Markets See Mild Downturn, Bitcoin Holds Near $3,800

Friday, Jan. 4 - after crypto markets tipped back into red yesterday, most cryptocurrencies are today seeing some further corrections.

Top cryptocurrency Bitcoin, a day after the tenth anniversary of its genesis block, is down over 2 percent over the 24 hours to press time, and is currently trading around $3,798.

Bitcoin is up about 3.5 percent on the week.

One month ago, Bitcoin was trading around $4,000, and is down around 5.4 percent to press time.

Ethereum - which this week reclaimed its former ranking as largest altcoin by market cap - is seeing almost no change on the day to press time, trading at about $150. With a market cap of $15.6 billion, the asset is continuing to inch further ahead of second-largest altcoin by market cap Ripple, which has a market cap of $14.5 billion to press time, according to CoinMarketCap data.

Ethereum is a bullish 28 percent in the green on its weekly chart - and has seen an impressive 34 percent in growth on the month.

Ripple's losses have been slightly stronger, with the asset down just over 3 percent at around $0.35 to press time - bringing it close to full circle on its weekly and monthly charts.

Among the remaining top twenty coins on CoinMarketCap, all are in the red, with losses capped below 5 percent.

Losses among the top twenty coins range from Binance Coin's negligible 0.56 percent losses, to a higher 24-hour loss of 4 percent for EOS.Recently forked Bitcoin SV, IOTA and Bitcoin Cash are all also seeing heavier losses close to 4 percent.

As reported yesterday, the over-the-counter trading desk at cryptocurrency finance firm Circle reported a notional volume of $24 billion for 2018 - giving insight into the state of the liquidity of a sector of the crypto trading space largely used by institutional, rather than retail, investors.