Bitcoin Falls Towards $3,550 as Top Cryptos See Moderate to Major Losses

Published at: Jan. 20, 2019

Sunday, Jan. 20 — all the top 20 cryptocurrencies are seeing moderate to major losses in the 24 hours to press time. Bitcoin’s (BTC) price is nearing $3,550 again, according to Coin360 data.

Market visualization from Coin360

At press time, Bitcoin is down over 4 percent on the day, trading at around $3,587. Looking at its weekly chart, the current price is lower than $3,673, the price of Bitcoin on last Sunday.

Bitcoin 7-day price chart. Source: CoinMarketCap

Ripple (XRP) is down over 3 percent on the day, trading at around $0.321 at press time. On the weekly chart, the current price is lower than $0.332, the price at which XRP started the week — and also lower than $0.337, the midweek high reported on Jan. 14.

Ripple 7-day price chart. Source: CoinMarketCap

Ethereum (ETH) has seen its value decrease by over 4 percent over the last 24 hours. At press time, ETH is trading at almost $119, having started the day around $125. On the weekly chart, Ethereum’s current value is lower than $125, the price of the coin seven days ago.

Ethereum 7-day price chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies, the ones experiencing the most notable losses on the day are IOTA (down almost 7 percent), NEO, Cardano and Bitcoin Cash (BCH) (all down over 6 percent.)

The combined market capitalization of all cryptocurrencies — currently equivalent to about $119.7 billion — is lower than $122.5 billion, the value it reported one week ago.

Total crypto market cap 7-day chart. Source: CoinMarketCap

As Cointelegraph recently reported, a bill meant to clarify the classification of cryptocurrencies has been introduced in the U.S. state of Wyoming on Jan. 18.

Also, news recently broke that Wyoming has passed two new house bills that aim to foster a regulatory environment conducive to cryptocurrency and blockchain innovation.

Tags
Bitcoin Price
Altcoin
Cryptocurrencies
Cardano
Ether Price
Bitcoin Cash
Ripple
Iota
Neo
Related Posts
Crypto Assets See Losses Across the Board as BTC Falls Below $4,000
Monday, Dec. 3 — Crypto markets have today again taken a major downturn, with all of the major coins by market cap seeing significant losses of within a 4 and 10 percent range, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has dropped below the $4,000 price point, down about 7 percent on the day to trade at $3,868 at press time. Despite rebounding to as high as $4,400 Nov. 29, the top coin has today seen a drop from a 24-hour high of around $4,135 to as low as $3,846 in recent hours. Having lost its …
Bitcoin Price / Dec. 3, 2018
Ripple, Monero, NEM See Solid Growth Amid Calm, Mostly Green Markets
Monday, Nov. 12: crypto markets are seeing a wave of stability, with most major assets seeing low-level fluctuations both red and green, with just a few exceptions, as data from Coin360 shows. Market visualization. Source: Coin360 Bitcoin (BTC) is up around 0.85 percent, trading around $6,354 at press time. After a period of protracted stability, the top coin saw a recent spate of downwards momentum and has been trading beneath $6,400 for the past several days. After an intra-week low of $6,307 yesterday, Nov. 11, Bitcoin has stemmed its losses and pushed back above the $6,350 mark. On the week, …
Bitcoin Price / Nov. 12, 2018
Total Market Cap Drops $5 Billion as All Major Coins Take Price Hit
Monday, Jan. 21: cryptocurrencies are seeing price weakness across the board, with virtually all of the top 100 coins by market cap tipping into the red.Top ten coins have lost between 3 and 7 percent on the day, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is down about 4 percent on the day to press time, slipping from a 24-hour high of ~$3,755 to its current price point around $3,570. Despite a jagged week of fleeting gains, the top coin has now come virtually full circle on its 7-day chart, and is trading just 0.5 percent …
Bitcoin / Jan. 21, 2019
Top Cryptocurrencies Mostly in the Red, Bitcoin Falls Below $3,900 Again
Sunday, Dec. 30 — most of the top 20 cryptocurrencies are seeing discreet losses while a few report discreet gains. Bitcoin’s (BTC) price is under $3,900 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 $3,880. Looking at its weekly chart, the current price is substantially lower than the Monday’s high of $4,271, and also lower than $4,011, the price of BTC one week ago. Moreover, the current price is still substantially up from $3,642 — the mid-week low registered Friday. Bitcoin 7-day …
Bitcoin Price / Dec. 30, 2018
Crypto Markets Shaky but Most Top Coins See Only Mild Losses
Thursday, Nov. 22: after a period of tumult, the crypto markets are today somewhat calmer, with most of the top ten cryptocurrencies seeing only mild losses capped beneath a 3 percent range. A scattering of top twenty coins are even tipping into green, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has today jaggedly veered between below $4,450 and $4,630; as of press time, the top coin is at $4,517, down 0.4 percent on its 24-hour chart. After a further sell-off brought Bitcoin to as low as $4,300 Nov. 20, the asset has traded over the past …
Bitcoin / Nov. 22, 2018