On its weekly chart, Bitcoin (BTC) lost more than 21%. On Tuesday, the losses were more than 15%, but in the same evening the coin won back 3.12%, trading at $4,552 at the time of writing.
The second cryptocurrency by market capitalization volume, Ripple (XRP), increased by 0.8% per day and is trading at $0.4436. Ethereum (ETH) has reached its bottom at $126.30 but has grown by 2.19% in the last day and is trading at $135.05 now.
Bitcoin Cash (BCH) showed the highest loss of value: in one week, it fell by more than 40%. During Tuesday, the coin showed a modest growth of 2.67%, trading at $232.29.
Antony KoroidAmong the top 20 cryptocurrencies, only Zcash (XEC) and Tezos (XTZ) demonstrate negative dynamics, which may indicate the changing of the market situation.
Analysts give cautious forecasts — if Bitcoin gets over an important psychological mark of $5000, the market recovery will continue.
At the same time, according to Chainalysis experts, along with a decrease in volume of BTC commercial use, the main coin's volatility indicator is still at the minimum.
The total market capitalization of all cryptocurrencies is about $148.5 bln, while its weekly maximum was about $189 bln on November, 15. The number of cryptocurrencies listed on CoinMarketCap has decreased to 2,071, while the crypto market daily trading volume is nearly $18 bln.
Yuri Molchan
Tomiwabold Olajide
U.Today Editorial Team
Vladislav Sopov
Dan Burgin