Most of the top 20 cryptocurrencies are reporting slight losses as Bitcoin stays over $4,000.
Saturday, March 23 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time.
Bitcoin is down just under half a percent on the day, trading at around $4,022, according to CoinMarketCap. Looking at its weekly chart, the current price is over a quarter of a percent higher than $4,037, the price at which Bitcoin started the week.
Bitcoin 7-day price chart. Source: CoinMarketCap
Arthur Hayes, co-founder and CEO of cryptocurrency trading platform BitMEX, has recently predicted that Bitcoin will get back to the $10,000 price point this year.
Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.5 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13 billion by press time.
ETH is down by 0.31 percent over the last 24 hours. At press time, ETH is trading around $138, after having started the day at roughly the same price. On its weekly chart, Ethereum has seen its value decrease by over two percent.
Ethereum 7-day price chart. Source: CoinMarketCap
Cointelegraph reported that North Korean political dissident group Cheollima Civil Defense will start selling Ethereum-based visas for entering the country once it is supposedly liberated, with the issuance beginning tomorrow.
Second-largest altcoin Ripple has gained over half a percent in the 24 hours to press time, and is currently trading at around $0.311. Looking at the coin’s weekly chart, its current price is over two and a half percent higher than $0.319, the price at which it started the week.
Ripple 7-day price chart. Source: CoinMarketCap
Among the top 20 cryptocurrencies, the ones reporting the most notable price action are Tron (TRX), up by nearly five percent, and Cardano (ADA), which is also up by nearly five percent.
The total market cap of all cryptocurrencies is currently equivalent to $140.2 billion, which is nearly identical to its value one week ago.
As Cointelegraph reported earlier today, China has released its latest government-sponsored rankings of major cryptocurrencies on March 22, placing Bitcoin in 15th, while EOS keeps the top spot. Tron came in second in the rankings, after overtaking Ethereum in February when it was added to the list.