Monday, Dec. 10: Crypto markets have failed to hold another recovery attempt, with nearly all top 20 coins by market capitalization in the red as of press time.
After a slight bump yesterday, Dec. 9, with Bitcoin seeing its price grow from around $3,400 to more than $3,600, markets are seeing another decline as losses over the 24-hour period for some major coins reach more than 9 percent, according to CoinMarketCap.
The top cryptocurrency Bitcoin is down by 4.59 percent, trading at $3,474 at press time.
As noted earlier today, the Bitcoin volatility index has recently spiked threefold on the month, following a period of price stability.
Exactly one year ago, on Dec. 10, 2017, the price of Bitcoin was $17,102 per coin, almost 80 percent higher than the price of Bitcoin today.
Bitcoin's market share index is 55 percent, down from 62.4 percent exactly one year ago, according to data from CoinMarketCap.
The second cryptocurrency by market cap, Ripple, is seeing more losses today, down almost 5 percent over the past 24 hours and trading at $0.301 at press time.
After dropping below the $100 price point on Dec. 6, major altcoin Ethereum has dipped to as low as $90 per coin earlier today.
Dash is seeing the biggest losses among the top 20 coins at press time, with its price down 9.58 percent, and trading at $68.14.Total market capitalization is $110 billion at press time, down from $115 billion at the beginning of the day.
The British Parliament is purportedly considering allowing payments to local authorities and utility providers with Bitcoin.
Markets Fail to Hold Yesterday's Gains, Bitcoin Trades Below $3,500
gepubliceerd op Dec 10, 2018
by Cointele | gepubliceerd op Coinage
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