Markets Remain Checkered After Christmas With Red and Green Across the Board

Bitcoin's swings have resulted in an around 7 percent gain on the week; on the month, the coin is a mild 1.3 percent in the red.

The asset is trading at $0.37, down just over 2 percent on the day, according to Cointelegraph's Ripple Price Index.

On the week, the alt has come full circle to the same price point; monthly losses are about 2.4 percent.

Ethereum - ranked third by market cap - has inched up a sliver of a percentage point over the past 24 hours, and is currently trading at $127. Despite a bearish performance yesterday as the wider market crash, Ethereum remains a bullish 35 percent in the green on its weekly chart, and is comfortably in green on the month, up by around 14 percent.

The CEO of major Hong Kong-based cryptocurrency trading platform BitMEX Arthur Hayes told Cointelegraph Japan today he believes initial coin offerings will return within 18 months and Ethereum will see an aggressive rebound to soon test $200. Fourth-largest cryptocurrency Bitcoin Cash has sealed stronger 24-hour gains, and is currently close to 4 percent up on the day at $170. Having seen large growth this week, the coin is up by around 93 percent up on its weekly chart - and down by around 12.3 percent on the month.

Among the top ten coins on CoinMarketCap, EOS is another strong performer, seeing 3.8 percent growth at $2.56.

Tron is also up a solid 3.5 percent at $0.02, while Litecoin is down by around 2 percent at $29.98.

Among the top twenty, Ethereum Classic has outstripped all other assets in terms of 24-hour growth, up about 12 percent at $5.14.

Milder gains have been seen by NEO, up 2.5 percent at $7.49 and Cardano, up 2.48 percent at $0.04.

Privacy-focused altcoins Monero and ZCash are down 0.5 and 1.1 percent, at $48.41 and $59.96 at press time.