Home > Analysis > Bitcoin Price | Holding Steady Near $3,800, Corrections Across the Market

Bitcoin Price | Holding Steady Near $3,800, Corrections Across the Market

Bitcoin price is currently down 2% on the day and selling for $3,792. Today’s action is reminiscent of previous days in the week where the coin has dropped a few percents but then gained a few more and vice versa.

Bitcoin Price

Disappointingly, the coin has failed to break back above the $4,000 mark that it fell below one month ago. It seemed like it might do that this week, as we saw several bursts. However, Bitcoin price remains steady as it holds firmly, and predominantly, between the $3,800-$3,900 price points.

Despite today’s red hue, overall, Bitcoin price is trading up 3.5% on the week. We are in a very strange time for Bitcoin, and it’s hard to predict if this trend will stay much longer or if there is another dramatic fall on the horizon. Comparatively to the beginning of 2018, Bitcoin in 2019 looks set to be a totally different beast.

Top Twenty

All the top twenty coins today are seeing some further corrections after the market tipped into the red yesterday.

Ripple’s XRP has lost even more than Bitcoin. XRP is down over 3% and selling for $0.35 at the time of writing. This brings the coin close to full circle on its weekly and monthly charts.

Also down is recently forked Bitcoin SV (BSV), IOTA (MIOTA), and Bitcoin Cash (BCH). All these coins are experiencing bigger losses around the 4% mark.

>> EOS and Ethereum (ETH) Update, is 2019 Their Year?

Ethereum (ETH)

Ethereum is putting Bitcoin price to shame. The second largest coin by market cap is the only gainer in the top ten today.

It is in the green only by 0.5% and selling for $150 at the time of writing. But on its weekly chart, ETH is fairing much better as it is 28% in the green. It has also grown an impressive 34% on the month.

Ethereum looks set to capitalize from the launch of new European digital trading platform DX.Exchange. The platform offers fully EU-regulated, tokenized stocks on the Ethereum blockchain and kicks off next week. Excitingly, DX uses Nasdaq’s Financial Information exchange (FIX) protocol to deliver the product.

Featured Image: Depositphotos © leungchopan

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