Bitcoin Lags Behind
As 2019 kicks off, Bitcoin is feeling a bit under the weather, trading at just under $3,800, which is down over 1.5% from yesterday. Compared to last week’s high of $3,961, the current value might make some investors feel nostalgic for yesterday’s gains.
Ripple and Ethereum: A Close Race
Meanwhile, Ripple (XRP) seems to be sliding just a tad, down by more than a half percent and trading at $0.357. In the battle for the second-largest market cap spot, it’s getting close as Ethereum (ETH) drops to $136, less than $1 million away from Ripple.
Cryptocurrency Market Overview
- Total cryptocurrency market cap: approximately $126 billion.
- Weekly high: $133 billion.
- Weekly low: $120 billion.
The overall market isn’t exactly throwing confetti. Most top cryptocurrencies are losing ground, but there’s always a few odd ducks.
What’s Up with Paragon?
In a peculiar twist, Paragon (PRG), a cannabis token, had a wild ride, reportedly jumping over 6,500%. At one point, it even snuck into the top 20 before racing back down to 52nd place, still up an impressive 1,044% on the day.
Future Speculations: Is Bitcoin Really Dead?
Funny enough, Bitcoin has been declared ‘dead’ over 90 times in 2018 alone. Still, with a healthy market cap and some intriguing developments hinted by crypto experts, many remain optimistic that Bitcoin is merely taking a nap. Anyone check on it lately?
“Bitcoin could transition us to a broader anarcho-capitalist society!” — Jameson Lopp
+ There are no comments
Add yours