Most of the major cryptocurrencies are showing a mix of gains and losses but Bitcoin is hovering again over the $3,470 price mark according to the latest weekend charts that we are analyzing in today’s bitcoin news.
Bitcoin (BTC) was down yesterday by a half percent and traded at around $4,489 and is now down at $3,467. Its price went down by 3 percent lower since the start of the week.
Ripple (XRP) on the other hand has lost about a percent in the past 24 hours and is currently trading at $0.306. Its price is still lower than $3.316 which is the price that XRP was at when the week started. The current price is also lower than the $3.333 price point when XRP reached its mid-week high.
Ethereum (ETH), which is still the second-largest crypto by market cap, reached a price increase by a half percent over the past 24 hours and at press time is trading around $108. According to the weekly ethereum charts, the cryptocurrency’s value has dropped about 7 percent from $117 which was the price range at the start of the week.
Other coins despite the top 20 ones are also experiencing huge changes over the past 24 hours such as Monero going down by 4 percent and Binance Coin increasing up to 3.40 percent at the same time.
The total market capitalization of all cryptocurrencies is currently at $114.3 billion which is 5 percent lower from the value seven days ago.
If we take a look at the traditional markets, S$P 500 has slightly increased while the Dow Jones Industrial Average also experienced slight gains. The price of oil has increased by 3 percent while all of the Venezuelan tankers are still stuck at ports.
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