Bitcoin price has started the day with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $7,205.49 (-0.87%).
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has fallen to $142.89 (-2.34%), while XRP has dropped 0.84% and is now trading at $0.22.
According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in red.
London-based digital asset manager CoinShares has just reported Chinese cryptocurrency miners control around 66% of the hash rate of the BTC’s network.
Over the past 24 hours, the reference cryptocurrency has lost about 1% of its value and is currently trading at around $7,200. The greed and fear index shows a Extreme Fear level. These last days of 2019 and the beginning of 2020 are not being too positive for the crypto market due to the fact that they are unable to find a steady boost. Neither the release of Bakkt's cash-settled futures nor the sudden increase in the supply of USDT have had any positive effect on cryptos' prices.
The BTC dominance index stays at 66.7%.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $195,461,162,804.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.