Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Bitcoin and most of the cryptocurrency market seed severe losses on the day after bitcoin lost over $500 in under 5 minutes.
Sunday, Jan. 19 — most of the top 20 cryptocurrencies are reporting severe losses on the day by press time as well as Bitcoin (BTC) which now hovers just under the $8,600 mark falling from today’s high of nearly $9,200, making it a 7.32% loss.
Market visualization courtesy of Coin360
Bitcoin price is currently down by 3.08% on the day, trading at around $8,636 at press time, according to Coin360. Looking at its weekly chart, the coin is still up by about 6.42%. Bitcoin’s price movement has seen the price decrease by $514 in around 5 minutes.
Bitcoin 7-day price chart. Source: Coin360
Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $18 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $10 billion at press time.
Coin360 data shows that ETH has seen its value decrease by about 3.41% over the last 24 hours and 7.3% since the highs of today. At press time, ETH is trading around $164. On the week, the coin has also gained about 14.68% of its value.
Ether 7-day price chart. Source: Coin360
XRP is down by about 3.43% over the last 24 hours and down 8.36% from today’s hight. The coin is currently trading at around $0.23. On the week, the coin is up about 7.98%.
XRP 7-day price chart. Source: Coin360
Among the top 20 cryptocurrencies, the ones reporting two-digit losses for 24 hours are DASH, which is down by 15.6%, Ethereum Classic (ETC), which lost 12.85% of its value, Bitcoin SV (BSV), which lost 10.8%, and lastly Bitcoin Cash (BCH) which lost 11.24%.
At press time, the total market capitalization of all cryptocurrencies is $235.5 billion, about 8.5% higher than the value it reported a week ago. Since today’s high, the total market cap is down by 5.91%.
Keep track of top crypto markets in real time hereDisclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.