The crypto markets face red after mild green gradient; it’s a roller coaster ride


The cryptocurrency markets seemed to be having a swell time in 2019, with marginal increases across the board. Today, however, tokens have taken a knockback and are trading in the red. Data taken from shows the current state of affairs.

Bitcoin which was holding at around $4000 USD has fallen back to range around $3600 USD. Charts from CoinMarketCap show how, over the course of one week, Bitcoin jumped up, held, and then dipped back. Cryptocurrency is known for volatility, and this is a reminder that we can never be certain what the market might do.

Ripple, which is now back to second place in the markets and trading as the top altcoin has subsequently also lost trading volume and coin value. XRP is now trading at $0.333493 USD – a 3.92% decrease in day-on-day-trading.

Ethereum, taking the third spot of the podium, is facing a major 6.36% decline. Although it is still trading above $100 USD at $125.95 USD, it is still a drop from the $152.35 USD it saw on Wednesday.

TRON’s TRX has lost out on 10.41% of its trading volume, after surging by 16.13%. Although Bitcoin and the top altcoin’s up and down might be obvious, the spike in TRX is absolutely dramatic in comparison. TRX is now trading at $0.025139 USD.

If the market can correct itself after last year November’s crash, it might still be a hopeful 2019. In the meantime, the moderate up and down is the nature of the cryptocurrency industry. The more ups and the fewer downs, however, might lead to a healthier ecosystem more rapidly.

Related Articles

CBDC adoption: Russia enters final phase to test digital ruble

Russia is in the final phase of testing a central bank digital currency (CBDC), which will be used for both national and international...

What exactly is DeFi? Decentralised finance explained

DeFi is a set of technologies that enables people to manage their funds on a peer-to-peer basis and it's changing the way money can be used.

Expansion: Coinbase will be launching in the Netherlands

As part of its global expansion, Coinbase has announced that it has been granted regulatory approval from the Netherlands' national bank.

Is Bitcoin better than retail estate as an investment?

According to MicroStrategy CEO Michael Saylor, Bitcoin presents a much better long-term asset than property.

See All