Bitcoin, Ethereum, Ripple and Bitcoin Cash end the week in red

The cryptocurrency market had a disappointing weekend on Friday and saw two consecutive declines.

This is the first time this has happened since the end of October and leaves the total value of the market at 211.5 billion US dollars, according to Coin Market Cap. This represents a decline of 1.9% since this time yesterday.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What happened?"data-reactid =" 24 ">What happened?

It was another quiet period of 24 hours on the news front for crypto-currencies. This left a technical analysis to dictate the directions that the pieces took.

But a news that caught my attention and which, in my opinion, might be important later, concerns Ethereum.

According to a tweet from Afri Schoedon of Parity Technologies, the much-anticipated upgrade of the Ethereum blockchain is expected to take place on January 16th.

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The new upgrade, named Constantinople, aims to improve the performance and scalability of the network, allowing it to process more transactions in a short period of time. "data-reactid =" 28 "> The new upgrade, named Constantinople, aims to improve network performance and scalability, enabling it to handle more transactions in a shorter amount of time.

Schoedon said: "Constantinople upgrade for the main Ethernet network activation suggested for January 16, 2019, block number to be confirmed on Black Friday in a fortnight."

Some experts in cryptography believe that this upgrade could allow Ethereum to disrupt the financial system.

The reaction to this news, however, has been moderate so far. As you will see below, this did not stop ETH from falling with the rest of the market.

Here is the inventory of Saturday morning compared to 24 hours ago:

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Bitcoin The price (BTC) fell another 1.2% to 6,384.52 USD per piece. This drop leaves the cryptography giant with a market capitalization of 110.9 billion US dollars. "Data-reactid =" 33 "> The Bitcoin The price (BTC) fell another 1.2% to 6,384.52 USD per piece. This drop leaves the crypto giant with a market capitalization of 110.9 billion US dollars.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Ethereum (ETH) fell 2.1% to $ 209.29 per chip, bringing its market capitalization to $ 21.6 billion. "Data-reactid =" 34 "> The Ethereum (ETH) fell 2.1% to $ 209.29 per chip, bringing its market capitalization to $ 21.6 billion.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Ripple The price (XRP) fell 1.1% to 49.78 cents US. This drop has reduced the market capitalization of the XRP to 20 billion USD. "Data-reactid =" 35 "> The Ripple The price (XRP) fell 1.1% to 49.78 cents US. This decline has reduced the market capitalization of the XRP to 20 billion US dollars.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Bitcoin Cash (BCH), the price fell 7.4% to 547.25 USD per chip. This leaves Bitcoins with a market capitalization of 9.55 billion dollars. BCH had recently taken some time. "Data-reactid =" 36 "> Bitcoin Cash (BCH), the price fell 7.4% to 547.25 USD per chip. This leaves Bitcoins with a market capitalization of 9.55 billion dollars. BCH had recently taken some time.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The EOS Price (EOS) fell 3% to $ 5.37 per chip, bringing the market capitalization of the EOS to $ 4.8 billion. "Data-reactid =" 37 "> EOS The price (EOS) fell 3% to $ 5.37 per chip, bringing the market capitalization of the EOS to $ 4.8 billion.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Outside the top five, the declines continued. Stellar (XLM) is down 2.1%, litecoin (LTC) is 2.8%, Cardano (ADA) is down 4.4%, and Monero (XMR) fell by 3%. The only piece in the top ten in positive territory is Attached (USDT) with a gain of 0.4%. "Data-reactid =" 38 "> Outside the top five, the declines continued. Stellar (XLM) is down 2.1%, litecoin (LTC) is 2.8%, Cardano (ADA) is down 4.4%, and Monero (XMR) fell by 3%. The only piece in the top ten in positive territory is Attached (USDT) with a gain of 0.4%.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "More reading"data-reactid =" 39 ">More reading

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "James Mickleboro, a contributor to Motley Fool, holds no position in any of the actions mentioned. Motley Fool Australia does not own any of the shares mentioned. We fools may not all have the same opinion, but we all agree that taking into account a wide range of ideas makes us better investors. Motley Fool has a disclosure policy. This article contains only general investment tips (under AFSL 400691). Authorized by Scott Phillips."data-reactid =" 47 ">James Mickleboro, a contributor to Motley Fool, holds no position in any of the actions mentioned. Motley Fool Australia does not own any of the shares mentioned. We fools may not all have the same opinion, but we all agree that taking into account a wide range of ideas makes us better investors. Motley Fool has a disclosure policy. This article contains only general investment tips (under AFSL 400691). Authorized by Scott Phillips.