Daily crypto: Markets show red numbers – ethereum loses the most of the biggest currencies

Daily crypto: Markets show red numbers – ethereum loses the most of the biggest currencies.

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Tim Haldorsson

tim.haldorsson@trijo.co

The total market cap for all cryptocurrencies has lost $6 billion over the last 24 hours. The crypto analyst Tom Lee believes the bitcoin price will rise to $15,000 before the end of the year.

The crypto markets have lost in value over the last 24 hours. At the time of writing, approximately 85 of the 100 biggest cryptocurrencies show red numbers.

The market cap for all cryptocurrencies has lost $6 billion over the last 24 hours – from $185 billion to $179 billion.

Now, Tom Lee, head of strategy and market research at the analyst firm Fundstrat, lowers his prediction on the bitcoin price. Tom Lee now believes that a bitcoin will cost $15,000 at the end of the year. He believes that the fair price for a bitcoin is about 2.2 times the price for mining a bitcoin. And today it costs about $7,000 to mine a bitcoin, which means that the fair price for a bitcoin is about $15,000, according to Tom Lee, CNBC writes.

Ethereum loses the most

Looking at the biggest cryptocurrencies, all of them have lost in value over the last 24 hours. Ethereum (-6,65%), xrp (-6,25%) and stellar (-5,77%) have lost the most, but also bitcoin cash (-3,18%) and bitcoin (-1,96%) have lost in value over the last day.

The biggest cryptocurrency bitcoin is currently traded at around $5,495.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were factom (+22,95%) and maidsafecoin (+5,92%), and those who performed the worst sirin labs token (-15,48%) and iost (-12,23%).

Asset: Price: % (24h)*
Bitcoin $5 495,95 -1,96%
Xrp $0,48103 -6,25%
Ethereum $164,80 -6,65%
Bitcoin cash $383,68 -3,18%
Stellar $0,23580 -5,77%

*All numbers in this article are from Coinmarketcap.com.

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