Crypto Currencies Lose Steam
Of the 1,665 digital currencies we monitor, the past 24 hours saw total market losses of $41,316,219, as 60% of currencies fell. The biggest impact on the market came from Bitcoin (BTC), Ethereum (ETH), Bitcoin SV (BSV), Bitcoin Cash (BCH), and Litecoin (LTC).
Bitcoin (BTC) swung between a high of $3,737.70 and a low of $3,666.60 ending twenty four hours of trading at $3,670. This equates to a loss of $41,123,305.00 in market cap. A month ago, bitcoin traded at . It has seen a -4.90% weekly decline, and in just the last hour bitcoin has risen 0.06%. Currently there are 17,478,425 bitcoins in circulation, representing 83% of the final twenty-one million bitcoins that can be mined. 1,327,481 of these bitcoins were traded in the past 24 hours.
In January Bitcoin started the month at $3,750 and swung between $3,637 and $4,114, closing at $3,665 on January 11.
Top 20 Coins
Examining the top 20 crypto currencies (by market capitalization), the top performers over the last 24 hours were Bitcoin SV (BSV) 11.31%, Ethereum Classic (ETC) 2.17%, Bitcoin Cash (BCH) 2.10%, EOS (EOS) 0.65%, Zcash (ZEC) 0.52%, while the worst three performing were TRON (TRX) -7.88%, NEO (NEO) -3.21%, Binance Coin (BNB) -2.80%.
Crypto Market Winners and Losers
If we look across the 1,665 crypto currencies (that we track), the biggest short term winners were:
- SounDAC (XSD), gained 345%, and a market cap of 64 Bitcoins.
- iBTC (IBTC), gained 258%, and a market cap of 7.00 Bitcoins.
- Bitcoin W Spectrum (BWS), gained 151%, and a market cap of 17 Bitcoins.
- UltraNote Coin (XUN), gained 118%, with a market cap of 323 Bitcoins.
- SIMDAQ (SMQ), gained 114%, and has a market cap of 57 Bitcoins.
On the downside, the biggest losers were
- InflationCoin (IFLT), lost 76%.
- Darcrus (DAR), lost 74%.
- BitRent (RNTB), lost 67%.
- Castle (CSTL), lost 61%.
- Compound Coin (COMP), lost 60%.
Cryptocurrencies are traded day and night, so instead of covering a market session, we cover the last 24 hours of trading. Remember, prices on Cryptocurrencies can vary quite a bit across exchanges, so always check your local exchange for current rates.
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