Top Cryptos Look Stable as Bitcoin Hovers Over $4,000

Most of the top 20 cryptocurrencies are reporting slight gains and losses as Bitcoin stays just over $4,000.

Sunday, March 17 — the top 20 cryptocurrencies are reporting very slight gains and losses on the day by press time. Bitcoin (BTC) has pushed back just over the $4,000 mark, according to CoinMarketCap data.

Market visualization

Market visualization from Coin360

At press time, Bitcoin is down under a quarter of a percent on the day, trading at around $4,037, according to CoinMarketCap. Looking at its weekly chart, the current price is over 2.4 percent higher than the price at which Bitcoin started the week.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.7 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13.1 billion by press time.

ETH is down by about one percent over the last 24 hours. At press time, ETH is trading around $141, after having started the day at $140.50. On its weekly chart, Ethereum has seen its value increase by about three percent.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: CoinMarketCap

Second-largest altcoin Ripple has lost just over half a percent in the 24 hours to press time and is currently trading at around $0.318. Looking at the coin’s weekly chart, its current price is nearly one percent higher than $0.315, the price at which it started the week.

Ripple 7-day price chart

Ripple 7-day price chart. Source: CoinMarketCap

Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have recently jointly established a $100 million fund to support game developers.

Among the top 20 cryptocurrencies, other than ETH, only five coins are seeing an over 1 percent change on the day to press time — Bitcoin SV (BSV), Monero (XMR), Iota (MIOTA), Ontology (ONT) and Nem (XEM).

The total market cap of all cryptocurrencies is currently hovering just under $140 billion at $139.9 billion, which is about four percent higher than $134.3 billion, the value it reported one week ago.

As Cointelegraph reported yesterday, Ethereum co-founder Joseph Lubin said that he expects the global economy will be 10 times larger in 10 to 20 years, when blockchain is fully ramified, and that blockchain will be involved in most of it.

Speaking at Austin’s SXSW conference on March 15, senior advisor for digital assets at the United States Securities and Exchanges Commission, Valerie Szczepanik, reportedly noted that stablecoins could experience issues under current securities laws.

Publication date: 
03/17/2019 - 20:47