Crypto Market Update Jan.9: Bitcoin Consolidates Around $4000, Altcoins in Green

So far, 2019 had been positive for the Crypto market as the bears have taken a break, and since the beginning of the year, Bitcoin has tried to stabilize around the $4,000 level.

Most of the Altcoins had a green week when Ethereum returned to its usual second place in the top market cap list. However, the competition with Ripple is still very tight.

Tron had a great week, gaining around 40%. As long as Bitcoin remains stable, investors seem to feel comfortable investing in Altcoins, following the 80-95% drops in value seen in 2018.

Interesting examples are Ripple, which has risen more than 100% from its floor of around 4,000 sushi, and Ethereum, which is currently trading around 0.037 BTC after reaching an annual low at around the 0.024 level.

As mentioned previously, 2019 is smiling on crypto. However, the gains are not enough to attract new players and investors.

The market is still under correction for the 2018 bear market, and it’s too early to declare a reversal.

Total Market Cap $137 Billion | Dominance 51.5% in favor of Bitcoin.

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For more news, visit our Crypto News section.


This week we have chart analysis of Bitcoin, Ethereum, Bitcoin Cash and Monero – Read more here.

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