Bitcoin Hovers Over $5,000 as Top Cryptos See Losses
Most of the top 20 cryptocurrencies are reporting slight losses on the day by press time as Bitcoin hovers near the $5,000 mark.
Market visualization courtesy of Coin360
Bitcoin’s price has seen a gain of half a percent on the day, trading at around $5,004 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is a solid 18% higher than $4,095, the price at which Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $17.2 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $14.7 billion by press time.
ETH is down by 0.38% over the last 24 hours. At press time, ETH is trading around $163, after having started the day at the same price. On its weekly chart, ETH has seen its value increase by over 12%.
Ethereum 7-day price chart. Source: CoinMarketCap
Second-largest altcoin Ripple has lost three percent over the 24 hours to press time, and is currently trading at around $0.354. Looking at the coin’s weekly chart, its current price is over 12% higher than the price at which it started the week.
Ripple 7-day price chart. Source: CoinMarketCap
Chris Larsen, co-founder of San Francisco-based technology company Ripple, and his wife Lyna Lam have donated $25 million in XRP to a university in California, according to an announcement released yesterday.
The total market cap of all cryptocurrencies is currently equivalent to $174.6 billion, which is almost 18% higher than $143.4 billion, the value it saw one week ago.