Bitcoin Falls Under $3,600 as Top Cryptocurrencies Report Moderate Losses

admin

6 years ago

[ad_1]

Sunday, Jan. 13 — all the top 20 cryptocurrencies are seeing slight to moderate losses in the 24 hours to press time. Bitcoin’s (BTC) price has fallen below $3,600 again, according to Coin360 data.

Market visualization from Coin360

At press time, Bitcoin is down over 2 percent on the day, trading at around $3,568. Looking at its weekly chart, the current price is lower than the intra-week high of $4,109 — registered on Jan. 8 — and is also lower than $3,869, which is the value of one bitcoin last Sunday.

Bitcoin 7-day price chart. Source: CoinMarketCap

Ripple (XRP) is down nearly 2 percent on the day, trading at around $0.323 at press time. On the weekly chart, the current price is lower than $0.357, the price at which XRP started the week — and notably lower than $0.380, the midweek high reported on Jan. 2.

Ripple 7-day price chart. Source: CoinMarketCap

Ethereum (ETH) has seen its value decrease by over 6 percent over the last 24 hours. At press time, ETH is trading at around $118, having started the day around $127. On the weekly chart, Ethereum’s current value is significantly lower than $153, the price at which the coin started the week.

Ethereum 7-day chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies, the ones experiencing the most notable losses are Tron, which is down over 9 percent, and Bitcoin SV, which is down nearly 8 percent.

The combined market capitalization of all cryptocurrencies — currently equivalent to about $119.6 billion — is lower than $132.3 billion, the value it reported one week ago. The current value is also notably lower than the intra-week high of $138.7 billion reported on Jan. 6.

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

As Cointelegraph recently reported, Google (Alphabet Inc.) has reportedly blacklisted keywords mentioning Ethereum (ETH) on its advertising platform Google Ads.

Also this week, an analyst recently declared the number of active Bitcoin wallets, many of which have long been dormant, has seen an uptick that could herald major market movements.