In the latest cryptocurrency news, we are focusing on Bitcoin and its overall stability today, despite the mixed movements on the market. Currently, BTC hovers near the $5,100 mark.
Bitcoin has seen nearly no changes on the day and is right now still above $5,000 according to data from CoinMarketCap. When looking at its weekly chart, the current price is also nearly a percent lower than the one at which Bitcoin started the week.
As featured on the best cryptocurrency news sites, the overall institutional investment in the Bitcoin futures market on CME decreased over the course of the past week. According to the data published by the US Commodity Futures Trading Commission (CFTC) on April 9, the significant loss is there for other altcoins.
In the altcoin news, we have Ethereum (ETH) holding onto its position as the largest altcoin in terms of market cap, currently about $17.3 billion. Ripple (XRP), on the other hand, is still with a market cap of $13.6 billion at press time.
While Ethereum has seen no change over the past day, it is down by 1% and trading around $164 at press time. On its weekly chart, the coin has mimicked the value fall of Bitcoin and dropped by nearly two percent. The mid week high of ETH was established at $184, and the current price is about 12% lower than that.
Ripple (XRP) lost around half a percent over the past 24 hours to press time and is right now trading at around $0.325. When looking at the coin’s weekly chart, we can see that the price of XRP is 9.5% lower than the reported one from one week ago.
In the top 20 cryptocurrency list, the only one that is reporting significant gains is Tezos (XTZ) which is now up almost 10%. The total market cap in the crypto market is at $173 billion right now, which is over 3.5% lower than the $179.3 billion mark reported from one week ago.
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