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Home / Business / The crypto ranking shake-up follows yesterday's market crash while Bitcoin holds around $ 3,400

The crypto ranking shake-up follows yesterday's market crash while Bitcoin holds around $ 3,400



Saturday, December 8 – In the midst of a new collapse of the crypto markets yesterday, the ranks of the cryptocurrency are constantly changing as different coins overtake each other by market capitalization. While the green prevails in a series of top 100 coins, markets are sideways, with total market capitalization at the same level as yesterday.

  Coin360 market visualization

Coin360 market visualization

Bitcoin SV (BSC), Bitcoin Cash (BCH), which has long been in the hand CoinMarketCap is now on the list because the big table (USDT) is both BSV and Bitcoin Cash has taken over: Tether's market capitalization now stands at over $ 1

.8 billion, while BCH and BSV market caps of approximately $ 1.8 billion are nearly the same

Recently, the twin twins announced twins Gemini's twins quoted Bitcoin Cash Custody and the listing, adding that their platform would provide "only support for Bitcoin ABC" network.

  Top 7 cryptocurrencies by market capitalization [199909] ] Top 7 cryptocurrencies by market capitalization. Source: CoinMarketCap

Bitcoin (BTC) edged down 0.7 percent to $ 3,399 at the time of going to print. Yesterday, on December 7, the cryptocurrency dropped to $ 3,280, a new record since August 2017. With a current market share of nearly 55 percent, Bitcoin traded around $ 3,450 during the day.

As reported by Cointelegraph yesterday, Bitcoin's further lows have taken place after the US Securities and Exchange Commission (SEC) recently decided to change the rules towards the first national Bitcoin Exchange-Traded Fund (ETF) to reconsider company VanEck and Blockchain – company SolidX.

Following the announcement, the SEC's relatively pro-crypto commissioner, Hester Peirce, recommended that he "not stop" ETF approval, claiming that it could be "20 years or tomorrow".

  24-hour price chart for Bitcoin

Bitcoin 24-hour price chart. Source: CoinMarketCap Bitcoin Price Index

Ripple (XRP), the second cryptocurrency by market cap, has fallen 1.7 percent in the last 24 hours to hit $ 0.29 at print time.

  24 Hour Price Chart

Ripple 24 Hour Pricelist. Source: CoinMarketCap Ripple Price Price

By contrast, Ethereum (ETH), the third cryptocurrency by market capitalization, has risen 3.8 percent, trading almost $ 90 in redaction hours. The main coincoin hit a two-digit threshold in 2017 for the first time since May yesterday.

Yesterday, Ethereum's developers agreed to launch Constantinople's long-awaited Hart-Gabel in block 7,080,000, which is expected to hit the 14th. January 2019 will be the case.

  Ethereum All-Time Price Chart

Ethereum Price Scale. Source: CoinMarketCap Ethereum Price Index

EOS (EOS), eighth in market capitalization, has some of the largest losses among the top 20 coins in terms of market capitalization. The coin is trading at $ 1.67, down more than 43 percent over the week.

As markets seek further consolidation, some cryptocurrencies have experienced sufficient growth over the 24 hours. ZCash (ZEC) and Dash (DASH) are, according to CoinMarketCap, the top 20 cryptos, with growth of more than 7.5 percent, trading at $ 57 and $ 67, respectively.

Total market capitalization is $ 107 billion at print time, a slight decline in the past hour. Earlier that day, market capitalization had fallen to $ 103 billion. This is the lowest record since August 2017 – similar to the price momentum of Bitcoin. The daily trading volume is over 16 billion US dollars.

  Total capitalization of market capitalization "src =" https://s3.cointelegraph.com/storage/uploads/view/e01b2517c73979c68539dff95ecaf4ba.png "title =" Total capitalization of market capitalization "/> </p>
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