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Thursday, February 14 – most major crypto-currencies are traded sideways, some suffering minor losses. According to Coin360 data, markets have mixed signals at the time of printing.
Visualization of the Coin360 market
The main Bitcoin digital currency (BTC) is down slightly by 0.19% over the day, trading around $ 3,620 at the time of the press. Last week, BTC gained 6.38%, while its monthly losses were over 2%.
Bitcoin price table 7-da7. Source: CoinMarketCap
Ethereum (ETH) – which regained its second largest position in terms of market capitalization on Feb. 11 – is down 0.31% over the past 24 hours and is trading at around $ 121.75 at the time of writing. the press. The market capitalization of Ethereum is currently around $ 12.7 billion, nearly $ 200 million more than Ripple's (XRP).
Ethereum price chart 7 days. Source: CoinMarketCap
The ripple is up 0.07% over the last 24 hours and is trading at $ 0.303 at the time of going to press. The weekly chart of the altcoin shows that its price increases by 3.83%. After plummeting to its weekly low of $ 0.291 on February 8, XRP experienced a moderate price hike.
Price chart for 7 days of waving. Source: CoinMarketCap
Yesterday, Ripple, the firm behind XRP, introduced a major network upgrade of its 1.2.0 version of XRP Ledger, which now includes a number of network changes, including MultisignReserve Amendment, fixTakerDryOfferRemoval, and fix1578.
NEM is the main gain of the day, rising 4% and trading around $ 0.042 at the time of publication. Bitcoin Cash (BCH) is down 0.25% over the last 24 hours and is currently trading at $ 122.25.
The total market capitalization of the 2,072 coins on the CoinMarketCap list is approximately $ 120 billion at the time of publication, with a drop of up to $ 119.8 per day. The daily trading volume of all crypto-currencies is around $ 19.6 billion.
Monthly table of total market capitalization. Source: CoinMarketCap
In commodities markets, gold futures eventually declined as concerns over US-China trade negotiations continued. In April, gold lost less than 0.1% to close at $ 1,313.90, down 0.4% over the week.
Earlier in the day, US banking giant JPMorgan Chase (JPM) announced the launch of its own crypto-currency, called "JPM Coin," designed to increase settlement efficiency, initially in three of the company's businesses. JPM Coin will initially focus on the international settlements entered into by large companies, thus helping to speed up transactions that currently take one day or more using existing options such as SWIFT.
As Cointelegraph pointed out earlier in the day, Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said the majority of digital tokens will have no long-term value. In a so-called telephone interview with CNBC, Silbert said, "I do not believe in the vast majority of digital tokens and I think most will go to zero. Almost all the [initial coin offering] ICO was only an attempt at fundraising, but the underlying token was useless. "
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