The main Bitcoin cryptocurrency (BTC) has been operating irregularly in the last three days, and is currently down slightly 1.4 percent on the day, trading at USD 4,048. After having broken resistance of USD 4,000 on January 6, Bitcoin soared to around USD 4,100, and subsequently the range between USD 4,000 and USD 4,100 continued to fluctuate.
Compared to its lowest price point in the first half of its 7-day chart, Bitcoin is now around 7.9 percent in the week. In the month, the currency has risen more than 12.6 percent until the close of this edition.
Ethereum (ETH) - which continues to be ranked as the largest altcoin by market capitalization - is experiencing a similar change in the price of the day as of this publication, down 0.22 percent to trade at USD 151. Having reached an intra-weekly maximum of USD 162 on January 5, Ethereum has remained above USD 150 on its 7-day chart -excluding a brief drop to USD 147 on January 3.
With a market capitalization of USD 15.7 billion, the asset maintains a small margin ahead of the second largest market capitalization, Ripple (XRP), which has a capitalization of almost USD 15 billion at the time of the publication, according to data from CoinMarketCap.
Ethereum climbs a strong 13.3 percent on its weekly chart - and has seen impressive growth of 59 percent in the month.
According to data from CoinMarketCap, Ripple (XRP) has practically not changed its price on the day and is trading at about USD 0.36 at the time of publication.
After having seen an intra-weekly maximum of around USD 0.38 on January 7 and a minimum of USD 0.35 on January 4, the asset. In the month, Ripple has risen a strong 17.6 percent.
Among the twenty main currencies remaining in CoinMarketCap, more than half are in red, with losses limited to three percent.
The only exception is Tron (TRX), which has increased 7.3 percent on the day to trade at around USD 0.028 at the time of publication.
As reported on January 3, the torrent peer-to-peer client (BitTorrent) recently announced the launch of its native token based on the Tron protocol, called BitTorrent (BTT). Today, it was learned that Tron hired the former Supervisor of the Securities and Exchange Commission (SEC) of the United States, David Labhart, as its first compliance director.
Apparently, driven by the news, TRX has seen a steady increase over the week, consolidating its 7-day growth by an impressive 47.3 percent.
Even among the top ten, Litecoin (LTC) has seen some of the biggest losses in 24 hours, losing more than 2 percent in value to trade around USD 39.2. Stellar (XLM) registers a loss of 2 percent, while Bitcoin Cash (BCH) and the recently bifurcated Bitcoin SV (BSV) are down around 1.26 percent on the day.
In the context of the first twenty, the losses are limited to a lighter 2 percent - however, all currencies are in red until the close of this edition. The native token of the Binance Coin cryptocurrency exchange (BNB) fell 1.2 percent to trade at USD 6.66; the Zcash altcoin (ZEC) focused on privacy has dropped around 1.22 percent to USD 60.76.
The total market capitalization of all cryptocurrencies is around USD 136.79 billion at the time of publication - rising from an intra-weekly minimum of around USD 129 billion on January 4.
As reported today, the European Banking Authority (EBA) recommended conducting more research on cryptocurrencies in 2019, in a document that focuses on the legal applicability of European Union laws and regulations to cryptoactives.
At this week's Bitcoin Israel Summit, veteran cryptographer and industry pioneer Nick Szabo argued that, in a context of increasing global geopolitical uncertainty, central banks could soon turn to cryptocurrencies to support their reserves. Szabo raised his arguments against those of the head of Israel's National Economic Council, which opened the summit with a scathing critique of the viability of the cryptocurrency project.
source: https://es.cointelegraph.com/news/bitcoin-holds-above-4-000-amid-checkered-market-outlook
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Whiteshield