Bitcoin Nears $3,750 as Top Cryptos See Moderate Gains
All the top 20 cryptocurrencies are seeing slight to moderate gains, with Bitcoin approaching the $3,750 mark again.
Market visualization from Coin360
At press time, Bitcoin is up about 2 percent on the day, trading at around $3,730. Looking at its weekly chart, the current price is higher than $3,663, the price at which Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ripple (XRP) is up just over 1.6 percent on the day, trading at around $0.331 at press time. On the weekly chart, the current price is higher than $0.329, the price at which XRP started the week — and notably lower than $0.337, the midweek high reported on Jan. 14.
Ripple 7-day price chart. Source: CoinMarketCap
Ethereum (ETH) has seen its value increase by nearly 3 percent over the last 24 hours. At press time, ETH is trading at almost $125, having started the day around $121. On the weekly chart, Ethereum’s current value is near identical to $126, the price at which the coin started the week.
Ethereum 7-day chart. Source: CoinMarketCap
The combined market capitalization of all cryptocurrencies — currently equivalent to about $124.5 billion — is higher than $121.8 billion, the value it reported one week ago.
Total crypto market cap 7-day chart. Source: CoinMarketCap
As Cointelegraph recently reported, the Organisation for Economic Cooperation and Development (OECD) has stated that global regulators should work together to facilitate the development of initial coin offerings (ICOs).
Also, crypto entrepreneur and regular contributor to CNBC, Brian Kelly, claimed that there is no chance for a Bitcoin exchange-traded fund (ETF) approval in 2019. Kelly made his remarks in an interview with Cointelegraph at the Crypto Finance Conference this week.