After a sharp drop yesterday (January 11, 2019), today many crypto currencies have recovered when most of the major coins are in green.
Bitcoin (BTC) stabilized around $ 3,700 at the time of writing, while increasing slightly by 1% in the last 24 hours. Yesterday 11/01, Bitcoin dropped sharply from $ 4,000 to just $ 3,650.
After regaining a high level of $ 4,000 on January 6 and holding this level for a few days, the new downtrend made BTC down 2.4% in the week. During the month, this crypto currency remains an 8% increase.
Ripple (XRP) yesterday passed Ethereum again to become the second largest cryptocurrency in the market. Currently, altcoin is up 1.5% and trading at $ 0.33. Before the price go down, the coin hit a weekly high of $ 0.38. Ripple is currently down nearly 5% for the week but still up 15% for the month.
Ethereum (ETH) decreased slightly by 0.22% during the day and traded at $ 128. With a market capitalization of $ 13.3 billion, Ethereum was passed by Ripple having a market capitalization of $ 13.8 billion. 2-digit drop yesterday caused ETH to drop by 15% in the week but during the month ETH still increased by 45%.
Of the top 20 coins left on CoinMarketCap, the top 10 is mostly stable. Bitcoin Cash (BCH) had the most change among the top 10 when it fell 1.8% and traded at $ 132.50.
In the top 20, almost all altcoin grew significantly at least 2%, with NEM (XEM), Ethereum Classic (ETC), Zcash (ZEC) and Binance Coin (BNB) all grow strongly from 4-5.5 % during the day. Bitcoin SV dropped 1% at the time of writing.
The total market capitalization is about $ 123.7 billion – an increase of $ 1 billion compared to the early morning yesterday.
As reported today, Vinny Lingham – CEO of the platform that identifies the Civic blockchain – has adjusted his short-term Bitcoin forecast. He predicted that the currency may trade sideways between $ 3,000 and $ 5,000 in another month or two, before it is broken or continues to go down.
According to other major news, Cointelegraph reported today that the Japanese financial monitor agency has fully licensed Coincheck’s previously hacked crypto trading platform to continue operating in the country.