Ethereum Price Stable Despite Hard Fork, Altcoins See Small Gains

gepubliceerd op by Cointele | gepubliceerd op

Sunday, Dec. 8 - most of the top 20 cryptocurrencies are reporting discreet gains on the day by press time, as Bitcoin hovers around the $7,550 mark again.

Bitcoin price is currently down by 0.2% on the day, trading at around $7,552 at press time, according to Coin360.

Looking at its weekly chart, the coin is up by about 2.91%. Bitcoin 7-day price chart.

On Dec. 6, cryptocurrency market analyst Alex Thorn pointed out on Twitter that the total number of on-chain Bitcoin addresses holding any amount of Bitcoin hit a new record of 28.39 million.

Ether is holding onto its position as the largest altcoin by market cap, which currently stands at $16.3 billion.

At press time, ETH is trading around $150. On the week, the coin has also gained about 1.35% of value.

Overall, the price of the coin seems completely unaffected by the upgrade to its software introduced by the recent hard fork.

On the week, the coin is up about 3.18%. Ripple's XRP is currently the second-largest altcoin, has a market cap of $9.9 billion at press time.

Among the top 20 cryptocurrencies, the only one reporting double digit gains is Algorand, which has seen its value increase by about 10.46% over the 24 hours to press time.

At press time, the total market capitalization of all cryptocurrencies is $204.8 billion, about 2.4% higher than the value it reported a week ago.

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