Saturday, January 12: most of the top 20 cryptocurrencies are reporting moderate to moderate losses, while some are reporting double-digit gains. The price of Bitcoin (BTC) is still around $ 3,650, according to data from Coin360.
Market display by Coin360
At the close of this edition, Bitcoin has fallen below 1% on the day, trading at around $ 3,665. On the weekly chart, the current price is lower than USD 3,878, the BTC price a week ago, and USD 4,108, the mid-week high reported on Tuesday.
Bitcoin price chart for 7 days. Source: CoinMarketCap
Ripple (XRP) has fallen more than 1% on the day, trading around USD 0.333 at the close of this edition. In the weekly chart, the current price is lower than USD 0.359, the price at which XRP started the week, but also lower than USD 0.381, the highest reached in the middle of the week on January 10.
7-day price chart for Ripple. Source: CoinMarketCap
Ethereum (ETH) has seen its value decrease by more than 1% in the last 24 hours. At the close of this edition, ETH is trading around USD 126, after having started the day around USD 127. On the weekly chart, the current value of Ethereum is significantly lower than USD 157, the price at which the Coin started the week.
7-day letter from Ethereum. Source: CoinMarketCap
Among the 20 main cryptocurrencies, those that experience the most notable price action are Bitcoin SV, which has risen more than 12%, Bitcoin Cash (BCH) and Ethereum Classic, which have risen around 2% and 1% respectively.
The combined market capitalization of all cryptocurrencies -currently equivalent to about 122,200 million dollars- is lower than USD 133,000 million, the value reported a week ago. The current value is also substantially lower than the maximum within the week of USD 138.6 billion reached on January 10.
Graph of total capitalization of the crypto market in 7 days. Source: CoinMarketCap
As Cointelegraph recently reported, the number of active Bitcoin wallets, many of which have been inactive for a long time, has seen a rebound that could signal some important market movements.
The state legislature of Wyoming, US state. UU allegedly has approved two new bills this week that aim to foster a regulatory environment that leads to innovation with the cryptocurrency and the blockchain.