Bitcoin Hovers Over $3,650 as Top Cryptocurrencies Mostly in the Red

Saturday, Jan. 12 — most of the top 20 cryptocurrencies are reporting moderate to slight losses, while some are reporting up to double-digit gains. Bitcoin’s (BTC) price is still hovering over $3,650, according to Coin360 data.

Market visualization from Coin360

At press time, Bitcoin is down under 1 percent on the day, trading at around $3,665. Looking at its weekly chart, the current price is lower than $3,878, the price of BTC one week ago, and $4,108, the mid-week high reported on Tuesday.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Ripple (XRP) is down over 1 percent on the day, trading at around $0.333 at press time. On the weekly chart, the current price is lower than $0.359, the price at which XRP started the week — but also lower than $0.381, the midweek high reported on Jan. 10.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Ethereum (ETH) has seen its value decrease by over 1 percent over the last 24 hours. At press time, ETH is trading at around $126, having started the day around $127. On the weekly chart, Ethereum’s current value is significantly lower than $157, the price at which the coin started the week.

Ethereum 7-day chart

Ethereum 7-day chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies, the ones experiencing the most notable price action are Bitcoin SV, which is up over 12 percent, and Bitcoin Cash (BCH) and Ethereum Classic, which are up around 2 and 1 percent respectively.

The combined market capitalization of all cryptocurrencies — currently equivalent to about $122.2 billion — is lower than $133 billion, the value it reported one week ago. The current value is also substantially lower than the intra-week high of $138.6 billion reached on Jan 10.

Total crypto market cap 7-day chart

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

As Cointelegraph recently reported, the number of active Bitcoin wallets, many of which have long been dormant, has seen an uptick that could herald some major market movements.

The state legislature of the American state of Wyoming has reportedly passed two new house bills this week that aim to foster a regulatory environment conducive to cryptocurrency and blockchain innovation.



Author: Cointelegraph By Adrian Zmudzinski

Source link

Related posts

5 Thoughts to “Bitcoin Hovers Over $3,650 as Top Cryptocurrencies Mostly in the Red”

  1. I am curious to find out what blog platform you are using?
    I’m having some minor security problems with my latest
    site and I would like to find something more safe. Do you have
    any suggestions?

  2. Very nice blog post. I definitely appreciate
    this website. Keep it up!

  3. Hi! Would you mind if I share your blog with my twitter group?

    There’s a lot of people that I think would really appreciate your
    content. Please let me know. Cheers

  4. Hey! This is my first comment here so I just wanted to
    give a quick shout out and say I truly enjoy reading your posts.
    Can you suggest any other blogs/websites/forums that cover the same topics?
    Thank you!

  5. I pay a quick visit each day a few web pages and websites to read articles or reviews,
    except this weblog offers quality based content.

Leave a Comment