Top Coins Are Shaky, But Bitcoin Still Holds $4,000 Mark

Sunday, Dec. 2 — The top 20 cryptocurrencies are mostly in the red, according to data from Coin360, after a modest recovery yesterday, Dec. 1. Despite the mild losses, Bitcoin (BTC) is still holding just above the $4,000 mark.


Market visualization from Coin360

According to data by CoinMarketCap, Bitcoin is in the red, steadily descending below the $4,100 mark, down almost 4 percent on the day at press time. However, the leading cryptocurrency has been relatively stable throughout the weekend in comparison to Friday, Nov. 30, when it dipped below $4,000 at least twice. Bitcoin is trading at $4,087 as of press time.


Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin Price Index

Ripple (XRP), maintaining its position as the world’s second-largest altcoin by market cap, is trading around $0.36, down just over 3 percent of its price and finishing its week of mostly descent.


Ripple 7-day price chart. Source: CoinMarketCap Ripple Price Index

Ethereum (ETH) is also in the red, hovering mostly around $115 as of press time. After a brief increase in the middle of this week with the peak at the $125 mark, the altcoin has been relatively calm during the weekend, even reaching $120 point earlier today, Dec. 2.


Ethereum 7-day price chart. Source: CoinMarketCap Ethereum Price Index

Total market capitalization of all cryptocurrencies has slightly decreased in comparison its performance on Dec. 1 performance, going down to $130 billion by press time after reaching $139 billion on Saturday. Daily trading volumes are hovering around $14 billion at press time, also seeing a mild decrease today.


7-day total market capitalization chart. Source: CoinMarketCap

According to CoinMarketCap, all of top 20 cryptocurrencies have been in the red throughout the day, except for Bitcoin SV (BSV) and Ethereum Classic (ETC). Bitcoin SV, which emerged out of the controversial Bitcoin Cash (BCH)