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Bitcoin Sees New 2019 Lows as Crypto Markets Slide Down


After a weekend mostly in the red, the crypto markets keep sliding down, with Bitcoin and other major currencies seeing moderate losses.

Monday, Jan. 14 — crypto markets are still sliding down after a weekend in the red. According to CoinMarketCap, Bitcoin (BTC) has hit a new 2019 low, trading at $3,552 around press time as other major cryptocurrencies are facing moderate losses.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin has lost another 2 percent in 24 hours, with its price barely reaching $3,600. Although some reports predicted major market movements due to the recent activation of long-dormant Bitcoin wallets, the major coin has spent a weekend mostly in the red.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin Price Index

Ripple (XRP), which is currently the top altcoin with a market capitalization around $13.3 billion, is facing slight losses of around 2.5 percent. As of press time, the coin…



Read Full Story : Cointelegraph.com News

2019-01-14 11:32:00

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Written by Cointelegraph

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