Top Cryptocurrencies See Slight Gains, Bitcoin Hovers Under $4,000

Published at: Dec. 4, 2018

Tuesday, Nov. 4: Most of the top twenty cryptocurrencies are in the green, having overcome yesterday’s losses, with Bitcoin (BTC) hovering under the $4,000 mark.

Market visualization from Coin360

During the day, Bitcoin has been trading in a narrow corridor between $3,768 and $4,091. At press time, the coin is trading at around $3,948, up around 1.61 percent on the day.

On its weekly chart, BTC has reached a low of $3,755 before touching a high of $4,404. Today, the CEO of Japanese fintech firm and crypto exchange operator Quoine predicted that BTC will “surpass” its all-time price highs by the end of 2019, noting that “there’s nothing new, no catalyst” in the immediate future to drive prices back up.

Bitcoin 7-day price chart. Source: CoinMarketCap

The second largest crypto by market capitalization Ripple (XRP) is trading at around $0.352, having gained 0.83 percent on the day at press time. Today, the coin dipped to its lowest price point of the week at $0.349, while the intraweek high of $0.399 was reached on Nov. 28.

XRP 7-day price chart. Source: CoinMarketCap

Ethereum (ETH) is maintaining its position as the third largest coin by market cap, which is over $11.4 billion at press time. ETH is trading around $110, up 1.68 percent over the day as of press time. On its 30-day chart, ETH is in a solid downtrend, down from a high of $221.62 on Nov. 7.

Ethereum 30-day price chart. Source: CoinMarketCap

At press time, the main losers in the top 20 cryptocurrencies are Bitcoin Cash (BCH) and EOS, which are down over 6 percent on the day and are trading at $149 and $2.43, respectively. Bitcoin SV (BSV) — which was created in November of this year following BCH’s hard fork — is also in the red, trading at around $91, down almost 3 percent on the day, according to CoinMarketCap.

Cardano (ADA) and Ethereum Classic (ETC) are down 0.42 percent and 2.50 percent over the last 24 hours, and at press time are trading at around $0.03 and $4.51, respectively.

Total market capitalization of all cryptocurrencies is around $126.9 billion as of press time, according to CoinMarketCap. The daily trading volume of all coins is $13.5 billion at press time.

Total market capitalization 24-hour chart. Source: CoinMarketCap

Today, the world’s second-largest stock exchange, Nasdaq, confirmed it plans to launch Bitcoin futures in the first half of 2019. There has reportedly “been enough work put into this to make [the question of regulatory approval] academic [...] we’re doing this, and it’s happening.”

At the same time, Ehud Barak, a former Israeli Prime Minister, compared digital currencies to Ponzi schemes. However, Barak underlined that blockchain technology and smart contracts are important and useful technological and mathematical concepts.

Tags
Bitcoin
Markets
Ethereum
Altcoin
Cryptocurrencies
Bitcoin Cash
Ripple
Eos
Related Posts
Bitcoin Holds Above $4,000 Amid Checkered Market Outlook
Wednesday, Jan. 9 — crypto markets are continuing to show mixed signals, with most of the top market cap coins seeing mild changes both red and green. Bitcoin (BTC) is holding justabove the $4,000 mark, as Coin360 data shows. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has been jaggedly trading sideways over the past three days, and is currently down a mild 1.4 percent on the day, trading at $4,048. Having broken the $4,000 resistance on Jan. 6, Bitcoin spiked to around $4,100, subsequently continuing to fluctuate range bound between $4,000 and $4,100. As compared with its lower price …
Bitcoin / Jan. 9, 2019
On Bitcoin’s 10th Birthday, Crypto Markets See Corrections Across the Board
Thursday, Jan. 3 — after some positive inklings of growth earlier this week, crypto markets have today dipped back into the red, with most of the top twenty cryptocurrencies by market cap seeing losses capped below 6 percent, as data from CoinMarketCap shows. TRON (TRX) is one of the only outliers among the top coins and the strongest top twenty performer on the day, up just 1 percent. The market is evidently responding positively to news that stalwart peer-to-peer torrent client BitTorrent has launched a TRON-based native token for its users — the company’s first major move to tokenize its …
Bitcoin / Jan. 3, 2019
Crypto Markets Teeter on New Year's Eve, With Mostly Losses Across the Board
Monday, Dec. 31 — on the cusp of the new year, all but one of the top 20 cryptocurrencies by market cap are in the red, as data from Coin360 shows. Losses among the larger cryptos are tempered, with most losing 2-3 percent, and losses capped at 6 percent. Market visualization by Coin360 Bitcoin (BTC) has seen a mild loss of around 2 percent over the 24 hours to press time, currently trading at $3,816. The closing week of 2018 has been a volatile one, with Bitcoin breaking above $4,200 Dec. 24, before sustaining several days of losses to trade …
Bitcoin / Dec. 31, 2018
Crypto Markets Come Back Down After Slight Jump Yesterday
Thursday, Nov. 29: cryptocurrency markets have come back down after a slight jump yesterday Nov. 28, with just a few of the top twenty coins seeing mild gains. Market visualization by Coin360 Bitcoin (BTC) is down 2.5 percent on the day, trading in a narrow corridor from $4,125 to $4,457 at its highest point today. As of press time, the major cryptocurrency is trading around $4,221. On its weekly chart, BTC has dropped over 5 percent, while its monthly losses are 5.15 percent, according to Cointelegraph’s Bitcoin Price Index. Bitcoin 24-hour price chart. Source: CoinMarketCap The second largest cryptocurrency by …
Bitcoin / Nov. 29, 2018
Price Analysis Jan 03: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM
Bitcoin started the new year on a weak note and looked to be losing ground. However, the news of the killing of Iran’s General Qasem Soleimani, in an airstrike ordered by the US President Donald Trump, caused a reversal in Bitcoin’s price. This shows that the market participants have again turned to cryptocurrencies in times of uncertainty and escalating geopolitical tensions. In other news, Antoni Trenchev, the head of decentralized finance (DeFi) platform Nexo.io, said that Bitcoin is a unique asset which is uncorrelated to the overall market. Trenchev said it is entirely possible that Bitcoin price reaches $50,000 in …
Bitcoin / Jan. 3, 2020