Market Overview

Bitcoin again fell below $ 3,600, Google banned Ethereum in Ads, Bitcoin wallets are set in motion

All the top 20 cryptocurrencies are seeing slight to moderate losses in the 24 hours to press time. Bitcoin’s (BTC) price has fallen below $3,600 again, according to Coin360 data. At press time, Bitcoin is down over 2 percent on the day, trading at around $3,568. Looking at its weekly chart, the current price is lower than the intra-week high of $4,109 — registered on Jan. 8 — and is also lower than $3,869, which is the value of one bitcoin last Sunday.

Ripple (XRP) is down nearly 2 percent on the day, trading at around $0.323 at press time. On the weekly chart, the current price is lower than $0.357, the price at which XRP started the week — and notably lower than $0.380, the midweek high reported on Jan. 2.

Ethereum (ETH) has seen its value decrease by over 6 percent over the last 24 hours. At press time, ETH is trading at around $118, having started the day around $127. On the weekly chart, Ethereum’s current value is significantly lower than $153, the price at which the coin started the week.

Among the top 20 cryptocurrencies, the ones experiencing the most notable losses are Tron, which is down over 9 percent, and Bitcoin SV, which is down nearly 8 percent. The combined market capitalization of all cryptocurrencies — currently equivalent to about $119.6 billion — is lower than $132.3 billion, the value it reported one week ago. The current value is also notably lower than the intra-week high of $138.7 billion reported on Jan. 6.

As Cointelegraph recently reported, Google (Alphabet Inc.) has reportedly blacklisted keywords mentioning Ethereum (ETH) on its advertising platform Google Ads. Also this week, an analyst recently declared the number of active Bitcoin wallets, many of which have long been dormant, has seen an uptick that could herald major market movements.

Bitcoin Falls Under $3,600 as Top Cryptocurrencies Report Moderate Losses, CoinTelegraph, Jan 14
Article Rating
Rate this post