Bitcoin Approaches $3,600 Again as Top Cryptocurrencies See Gains


0

Wednesday, Jan. 23 — most of the top 20 cryptocurrencies are seeing slight to substantial growth on the day to press time. Bitcoin (BTC) is hovering near $3,600 again, according to Coin360 data.

Market visualization

Market visualization from Coin360

At press time, Bitcoin is up just over 1 percent on the day, trading at around $3,603. Looking at its weekly chart, the current price is just slightly lower than $3,658, the price at which Bitcoin started the week. On the month, the leading cryptocurrency is down about 10 percent from just over $4,000.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Ripple (XRP) is up under half of a percent on the day, trading at around $0.317 at press time. On the weekly chart, the current price is lower than $0.33, the price at which XRP started the week — and down from $0.333, the midweek high reported on Jan. 19.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Second largest altcoin Ethereum (ETH) has seen its value increase by a little over 1.5 percent over the last 24 hours. At press time, ETH is trading at $118, having started the day about one dollar lower. On the weekly chart, Ethereum’s current value is lower than $124, the price at which the coin started the week.

Ethereum 7-day chart

Ethereum 7-day chart. Source: CoinMarketCap

Among the top 25 cryptocurrencies, the ones experiencing the most notable growth are Waves (WAVES), which is up over 22 percent, and Bitcoin Cash (BCH), which is up over 7 percent on the day to press time.

The combined market capitalization of all cryptocurrencies — currently equivalent to about $120.6 billion — is lower than $122.3, the value it reported one week ago. Furthermore, the total market cap has grown by over a billion dollars in the 24 hours to press time, having started the day at about $119.1.

Total crypto market cap 7-day chart

Total crypto market cap 7-day chart. Source: CoinMarketCap

As Cointelegraph recently reported, Bitcoin is nearly oversold and may be gearing up for a short-term rally, according to a Bloomberg analysis.

Also, news recently broke that Adena Friedman, president and CEO of Nasdaq Inc., said that cryptocurrency “deserves an opportunity to find a sustainable future in our economy.”

Source : COINTELEGRAPH


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
COINTELEGRAPH

Comments

comments

Powered by Facebook Comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format