Crypto Markets See Persistent Red, Bitcoin Briefly Dips Below $4K
The crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4-10% range.
Friday, Nov. 30 — After a short-lived spike earlier this week, the crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4 and 10 percent range, as data from Coin360 shows.
Market visualization by Coin360
Bitcoin (BTC) has had a volatile week, jaggedly trading between its low of around $3,600 (Nov. 25) and high of $4,400 (Nov. 29). As of press time, the top coin is at $4,037, down 6.3 percent on its 24-hour chart, according to CoinMarketCap. Today’s negative momentum briefly brought the asset below the $4,000 mark, before it stemmed losses somewhat in later trading hours.
On the week, Bitcoin is around 6 percent in the red; monthly losses are at a stark 36.3 percent.
Bitcoin 7-day price chart. Source: CoinMarketCap
Second-largest ranked crypto asset, Ripple (XRP), is down 5.5 percent on the day, trading at $0.35 to press time. While its market share has dropped down to $14.45 billion, it continues to hold its margin ahead of Ethereum (ETH), now ranked 3rd largest crypto, with a market cap of just below $11.7 billion.
On the week, Ripple is 12 percent in the red, with monthly losses above 19 percent.
Ripple 7-day price chart. Source: CoinMarketCap
Ethereum (ETH) is down a round 5 percent on the day to trade at $112.9. The asset veered close to double digits during a market tumble Nov. 25, and has since recovered, briefly hitting $125 Nov. 28 — yet without sustaining significant gains. The altcoin’s decline on the week has brought it to around 7.6 percent in the red; monthly losses are pushing 43 percent.
Ethereum 7-day price chart. Source: CoinMarketCap