The cryptocurrency market started the year on a good note as each coin gained to their prices which made the total market capitalization to remain just above $130 billion.
However, within the past 24hours, Bitcoin has not gained any price as its still trading at $3,870 as at the time of reporting this.
Ethereum on the other hand gained massively to its price which gives a wide margin to Ripple which is the third largest cryptocurrency.
Ethereum gave Ripple a wide gap of $2 billion in terms of capitalization and it’s trading at $158. Ripple lost 1.8% of its price and its now trading at $0.357.
Generally, the top 10 cryptocurrencies have more red than green and Bitcoincash lost 3% and now trading at $160. Tron seems to be the biggest gainer as it gained 8% to its price.
Monero and Binance Coin are also doing fine as they gained a little to their price while Zcash and lota fell back a little. Other cryptocurrencies are not really moving much as they have just 1% difference from yesterday’s price.
This development has not made the total cryptocurrency market capitalization to move higher since yesterday and it’s currently at $132 billion. Trade volume is also up to $16 billion.
This loss of price among most cryptocurrencies has made the cryptocurrency market to be a bit flat but we hope that they gain more to their prices and keep the crypto market active.