A lot of decisions, analyses and opinions have been found to affect the Bitcoin price in a magnitude of ways, the latest crypto news show. At the end of this week, we can see that BTC stands still at $9,200 with a 0.90% decrease of the day – which is something that could change soon as we know.
The other market is with a mix of reds and greens. The ETH news indicate that Ethereum is still trying to find its direction and is looking for gains in the near term. However, Bitcoin is the only questionable coin right now – and the one which is supposed to lead the market.
The price of BTC was up by 2% yesterday and analysts said that this was very likely because of the recent endorsement of the coin and use by the ex congressman of the United States, Ron Paul. However, many other factors are in play with cryptocurrency and the weekly charts show that this week has been stable – as a week that followed the massive 42% for BTC and other coins.
Data shows that Ethereum is also seeing its value increase by about 1.64% in the last 24 hours. As we speak, ETH is trading near the $180 mark and on the week, the biggest altcoin has only managed to gain 1%. Meanwhile, BTC stands still and quite unchanged from the previous days, illustrating a similar position as the one seen at the end of October (before the meteoric growth).
In the top 10 list, the only gains are seen in the Bitcoin Cash news. BCH is still rising and is now at $288 with an amazing potential to hit the $300 mark soon. The capitalization of this token has also been on the rise and now counts $5.22 billion. Still, BCH’s capitalization is way lower than Ripple’s XRP token which stands at the third position with a $12.81 billion market cap and is nowhere to be touched.
The fact that BTC stands still is repeated among the top 20 cryptocurrencies. We can see that there are no major gainers besides BCH. When it comes to the actual losers, NEO is decreasing by 3.17% as we speak, EOS is losing 2% on the day and UNUS SED LEO is with a similar drop. No major losses are still in play.
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