BIGtheme.net http://bigtheme.net/ecommerce/opencart OpenCart Templates
Home / TECH GIST / Bitcoin Reaches $3,800 as Crypto Markets Experiences Mild Downturn

Bitcoin Reaches $3,800 as Crypto Markets Experiences Mild Downturn

News reaching us that on Friday, Jan. 4 crypto markets tipped back into red, most cryptocurrencies are today seeing some further corrections.

Top cryptocurrency Bitcoin (BTC), a day after the tenth anniversary of its genesis block, is down over 2 percent over the 24 hours to press time, and is currently trading around $3,798. The coin has failed to break back above the $4,000 price point, despite several bursts of growth over the course of the past week — and has largely traded range bound between $3,800 – $3,900.

Bitcoin is up about 3.5 percent on the week. One month ago, Bitcoin was trading around $4,000, and is down around 5.4 percent to press time.

Also Read: How To Mine Bitcoin Online Using Digital Currency Platforms

Ethereum (ETH) — which this week reclaimed its former ranking as largest altcoin by market cap — is seeing almost no change on the day to press time, trading at about $150. With a market cap of $15.6 billion, the asset is continuing to inch further ahead of second-largest altcoin by market cap Ripple (XRP), which has a market cap of $14.5 billion to press time, according to CoinMarketCap data.

In crypto regulatory news, the government of Ireland yesterday approved a bill that would give effect to the European Union Fifth Anti-Money Laundering Directive, which will impact cryptocurrency users.

About Michael Iyeyi

Michael Iyeyi, CEO of Alphatekng.com is a humble tech enthusiast, a blogger, and a music freak with passion to impact lives positively.

Check Also

Apple to Launch New iPad Models in the First Half of 2019

News reaching us that Apple will be launching new and affordable models of iPad this ...

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: