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Market update: Bitcoin stays below USD 3,900, because Ethereum stops the gap in XRP



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When we approach the end of 2018, when bitcoin has turned 10, it seems that the fall of the cryptocurrency ecosystem may not end yet, although the trend may reverse next year, as equity markets seem to enter the downward period.

Currently, according to CryptoCompare, bitcoin is valued at $ 3,870 after a decrease of around 1% in the last 24 hours. Its market limit is around $ 67 billion, which means it has about a 51.8% share of the ecosystem market.

Bitcoin price results in the last 24 hours

This year, bitcoin has gone from over $ 13,000 to a small value of less than $ 3 200 before it began to rebuild. Despite the decline, the number of adoptions is growing, as the number of covered crypto-currency ATMs has doubled to more than 4,000, of which 6 are installed per day this year.

What's more, the scalable BTC solution, Lightning Network (LN), is growing at a steady pace. This month it exceeded the capacity of 500 BTC and saw that the cryptographic artist sells a small piece of graphics for one milisatoshi, about 0.000000037, which was probably the cheapest graphics ever sold.

Bitcoin is often seen as a tool to protect itself from the economic crisis, because it is perceived as healthy money. It was created after the financial crisis in 2008 and since then the stock market has been on one of the biggest catwalks in history. However, it is clearly near the end, and some analysts say that BTC can grow when the stock market crashes.

Looking at the S & P 500 index, it's easy to understand why the stock market is being introduced to the bear market. After more than a 250-percent increase since the financial crisis in 2008, the index began to fall from a high level from around 2929 to 2350. Although it recovered to 2 456, some have pointed out that it may be a cat jump.

The Dow Jones Industrial Average has seen a similar increase over the last few years and has also started declining over the past few months. Peter Brandt, a technical investor who predicted a 84% drop in bitcoins this year, believes that Dow will face a similar correction.

ETH starts closing XRP

This year Ethereum ethere observed that its price dropped from a record level of nearly USD 1,400 to just over USD 80 before it began to rebuild. During the press, the ETH value is USD 139, after an increase of 1.9% in the last 24 hours, and its market limit is USD 14.3 billion.

The decrease lost the position of the second largest crypto market after market capitalization to XRP, which fell from a high level above USD 3 to USD 0.37 during the press. Its market limit is $ 14.9 billion, because its price has fallen by almost 1% in the last 24 hours.

The market square for Ethereum and XRPThe market limit at Ethereum is close to exceeding the level of XRP

The difference between both cryptocurrencies falls. While XRP increased by 26.9% in the last two weeks, ETH grew by 59.8% over the same period. If its price goes up, it will soon receive the title of the second largest crypto-currency.

Most of the other most popular cryptocurrencies, including EOS, TRX and LTC, are less than 1%. During this period, the NEO value increased by approximately 4%.


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