The New year started on a positive note for the crypto assets with the majority of the top cryptocurrencies witnessing modest gains and trading in green in the last 24-hour period.
Bitcoin, the top cryptocurrency regarding market cap, which had fallen below the mark of $3,800 earlier in the day managed to scale back above the mark of $3,800 and was trading on the green territory.
At the time of writing the article, Bitcoin (BTC) was trading at around $3,863, with a gain of little more than 3 percent. When seen over its weekly chart, Bitcoin is still down by closer to three percent than its weekly highs. It had recorded a high of $3,961 on December 29th.
Ripple (XRP), which is the next major cryptocurrency by market cap, was also trading on a positive note with the asset up by more than three percent than its yesterday’s close and was trading at around $0.362 at the time of writing the article. ON the weekly chart, Ripple too was trading below its weekly high of $0.390 which it had touched on December 26th.
Next in the line is Ethereum (ETH), which is the third largest crypto by market cap. XRP overtook ETH in September 2018 and since then there a race between those two to gain the second spot. The difference in market cap between these two crypto’s has been reducing on a continuous basis. AT the time of writing this article, the market capitalization of Ethereum and XRP was around $14.7 billion and $14.79 billion respectively. Ethereum showed good buying interest among the investors and was trading around $141, up by almost six percent over its previous close.
Among the top 20 cryptocurrencies, all were trading positively. Few of the altcoins such as Bitcoin SV and Monero (XMR) were up by around eight percent and 5.5 percent respectively, over its previous close at the time of writing this article.
The overall value of the market capital for all cryptos put together is around $129.8 billion currently. It is down by around three percent from its weekly high value of $134.3 billion.