Bitcoin Falls Towards $3,550 as Top Cryptos See Moderate to Major Losses
All the top 20 cryptocurrencies are seeing moderate to major losses, with Bitcoin approaching the $3,550 mark again.
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
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