Bitcoin struggles to reach $4,000, market searching for a new direction

29 Dec, 2018
by Alberto Arnaldo
Price Action
Bitcoin struggles to reach $4,000, market searching for a new direction

Although prices are pretty much the same as 24 hours ago, there has been some movement in the market recently. An upwards push in BTC price, which almost scratched on $4,000, has ended with a ride back down to the $3,800 area where it sits at writing time.

Global market capitalization has followed a mirroring pattern, as it is now only about $100 million higher than 24 hours ago, at about $130.5 billion.

The top 10 tokens are showing an unusual stability in prices, with not one moving more than 4% at writing time. Bitcoin Cash is currently performing worse out of the top 20 tokens, meanwhile Cardano is doing best, with a modest 2.97% increase.

Extending the scope, TenX is the best performer of the day when accounting for the top 100 tokens by market cap, after gaining more than 20% over the last 24 hours. Linkey sits on the opposite side of the table, with a loss of 12.8% along the same period of time.

Read more: Market recovery sees $10 billion added to market overnight, BTC testing $4,000; TenX founder might be linked to a Pyramid Scheme

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