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On Thursday, January 31, the top 20 crypto-currencies report average to heavy losses on the day of publication. Bitcoin (BTC) oscillates back below $ 3,450, according to Coin360 data.
Visualization of the Coin360 market
According to CoinMarketCap, Bitcoin fell only 1% that day, trading at around $ 3,449. Looking at his weekly chart, the current price is less than $ 3,593, the price at which Bitcoin started the week.
Bitcoin price chart over 7 days. Source: CoinMarketCap
Ripple (XRP) has lost nearly 3.4% in 24 hours and is currently trading at around 0.308 dollar. On his weekly chart, the current price is less than $ 0.316, the price at which XRP started the week. The current price is also less than $ 0.333, the mid-week high announced earlier today.
Price chart for 7 days of waving. Source: CoinMarketCap
Ethereum (ETH), the second largest market capitalization market in the world, also saw its value fall by more than 2% in the last 24 hours. At the time of writing, the ETH is trading around $ 106 after starting the 24-hour period with a hike of about $ 3. On the weekly chart, the current value of Ethereum dropped by $ 116, the price at which the coin started the week.
Ethereum price chart 7 days. Source: CoinMarketCap
Among the top 20 cryptographic currencies, the most notable coins are Nem (XEM) – down more than 11% -, Tron (TRX) and Bitcoin SV (BSV), which both lost around 5%. last 24 hours. .
The combined market capitalization of all cryptocurrencies – currently worth $ 113.4 billion – is about $ 6 billion less than $ 119.8 billion, the value reported a week ago. On January 29, total market capitalization reached a low of about $ 111 billion in one month.
7-day chart of the total market capitalization of the crypto-market. Source: CoinMarketCap
As Cointelegraph recently reported, the Nem Foundation announced that it had completely reformed its nonprofit NEM Foundation due to financial difficulties. The Foundation, which previously had a budget with a monthly consumption of 9 million XEM (about 392,000 USD), now plans to significantly reduce its costs.
In addition, the news of South Korea that South Korea will continue to ban the initial offers of coins (OIC) in the country was announced today, thus confirming the decision of 2017 .
Despite a persistent bear market, cryptography and block startups continue to receive waves of investor funding both inside and outside the sector. Just today, Staking's startup, Staking, has announced that it has allocated $ 4.5 million to Pantera Capital, Coinbase Ventures, Winklevoss Capital, and more.
On Tuesday, January 29, Cointelegraph announced that a member of the R3 blockchain global ecosystem had achieved its goal of raising $ 10 million, mostly from credit unions.
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