Crypto market 9% up from last week, Ethereum continues to grow

January 05, 2019
Chris Wheal

The end of the workweek brought with it a dip in the cryptocurrency markets, with daily volume pulling back. The top ten cryptocurrencies are showing losses, with the most substantial drops noted with Bitcoin Cash and EOS, which each lost 4% respectively. This red trend continues with a look at the top twenty cryptocurrencies, most of which have fallen 2% or more. Ethereum Classic, for example, has taken a 4% hit and Zcash is close to the same with a 3% drop.

The good news is that the market is spotting some green: Tron is holding on to a small increase. The same can be said for Maker, which logged slightly less than 1% in gains. In addition, a look at the bigger picture of the top one hundred crypto market reveals double-digit surges in both REPO and DEX that are promising but very unlikely to last past tomorrow.

Ethereum (ETH), on the other hand, continues to steadily grow during this week, climbing from $117 to $159, which marked almost a 35% increase.

Total crypto market capitalization has landed over the $130 billion mark to rest at $131 billion, which leaves the overall market up almost 9% from last week’s numbers.

Check out more of our coverage on the current crypto market trends here.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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