Top Cryptos Report Mixed Movements, Bitcoin Hovers Above $4,100

As of today, the situation on the crypto market shows that the top 20 cryptocurrencies are showing some mixed movements and the number one cryptocurrency manages to hover near $4,100. Let’s see the analysis of the market in the latest altcoin news.

Bitcoin didn’t really move much today and it was trading around $4,095 after reached a mid-day high of $4.275 according to the data from CoinMarketCap. When comparing the weekly charts, we can see that the cryptocurrency had a price point which is nearly 0.3% lower than the value BTC had just a week ago.

The company that aims to launch the physically delivered Bitcoin futures-Bakkt, announced yesterday the hiring of the ex-IBM expert and Cisco executive Tom Noonan which could have led for a slight price movement.

Ethereum (ETH), on the other hand, is strongly clinging to its position as the largest cryptocurrency by market cap reaching up to $14.9 billion. However, Ripple (XRP) which is the second-largest altcoin, has a market cap of $13 billion as of the time of writing. Ethereum jumped by three quarters of a percent in the past day and at the time of writing, ETH is trading around $143 after starting the day at $142. Compared to the price movements throughout the week, Ethereum had a slight decrease in price by about 3.5 percent. This could be happening due to the fact that developers are leaving the ETH network for other networks such as the one of EOS and TRON.

Ripple, increased its price value by about 1.
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42 percent over the past day until press time and is now trading around $0.310 after having started the day at $0.312. The weekly data analysis shows that the current price of the altcoin is almost exactly the same as the position a week ago.

Among the other top 20 cryptocurrencies, NEO (NEO) is the one reporting the most growth by 4.7 percent but also the Ontology token ONT which jumped in value by 4 percent.

The total market cap of all cryptocurrencies reached up to $143.6 billion which is an increase by 2.5 percent after surpassing the $140 billion a week ago.