Most Top Cryptos See Minor Losses as Bitcoin Hovers Over $3,850
Sunday, March 3 — the top 20 cryptocurrencies are reporting minor losses on the day to press time. Bitcoin (BTC) is hovering just over the $3,850 mark again, according to Coin360 data.
Market visualization from Coin360
At press time, Bitcoin is down a fraction of a percent on the day, trading at around $3,853, according to CoinMarketCap data. Looking at its weekly chart, the current price is nearly half of a percent lower than $3,870, the price at which Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
The day before yesterday, blockchain development company Blockstream released a new version of its Bitcoin (BTC) scalability solution, c-lightning.
Ethereum (ETH) is holding its position as the largest altcoin by market cap, which by press time is over $14 billion. The second-largest altcoin, Ripple (XRP), has a market cap of just under $13 billion by press time.
ETH is down by 0.64 percent over the last 24 hours, according to CoinMarketCap. At press time, ETH is trading around $133, after having started the day one dollar higher. On its weekly chart, Ethereum has seen its value decrease by about 7.5 percent from $143, the price at which the coin started the week.
Ethereum 7-day price chart. Source: CoinMarketCap
As Cointelegraph reported earlier today, Ethereum co-founder Vitalik Buterin has stated he was trying to solve Bitcoin’s limited functionality with the creation of Ethereum.
Ripple has lost nearly one percent in the 24 hours to press time and is currently trading at around $0.312. On its weekly chart, the coin gained almost two percent from $0.306, the price at which XRP started the week.
Ripple 7-day price chart. Source: CoinMarketCap
On March 1, news broke that an ongoing securities lawsuit against payment startup Ripple for the sale of unregistered securities will stay in federal court, per a recent ruling.
Among the top 20 cryptocurrencies, the only ones experiencing gains on the day are EOS (EOS), Maker (MKR), Monero (XMR), Binance Coin (BNB) and Stellar (XLM), but all of those report under one percent growth.
The total market capitalization of all cryptocurrencies currently amounts to about $129.9 billion — which is nearly a quarter of a percent less than $140.6 billion, the value reported one week ago.
Total market capitalization 7-day chart. Source: CoinMarketCap
As Cointelegraph reported, the United States Federal Reserve is considering the inclusion of this year’s Bitcoin market collapse as one of the salient risks to be taken into account for its supervisory stress tests.