This Saturday, we are seeing some movements in the cryptocurrency space, where the latest digital currency news show that Bitcoin has suffered a mild correction and has broken its five-day streak of green with many of the major crypto assets also mimicking these corrections.
The largest cryptocurrency by market cap, Bitcoin, is now trading just below the $4,000 mark which was reclaimed over the past couple of days as a new milestone in the short-term rally presented by BTC. At $3,979 at press time, Bitcoin is down by more than 2% on the day.
On the month, Bitcoin is now down by 16% while on the weekly chart, it has measured an uptick of 16%. The second largest cryptocurrency by market cap, Ripple (XRP), is down just over 3% on the day and is now trading at $0.36, followed by Ethereum (ETH) and its price of $113 which also went through a minor correction.
Ethereum had seen five days of solid growth before it corrected to this price, climbing back to its three-digit value after dipping to as low as around $82 on December 14th. While ETH is now up 22% on the weekly chart, it is still down 26% on the month.
Tron (TRX) is among the only altcoins along with WAVES (WAVES) which have spiked this week. While TRX surged by 16% on the day and is now trading at $0.02, WAVES (WAVES) recorded a spike of over 30% earlier this week.
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