Markets Update: Crypto Traders Enter the New Year With Uncertainty

On the first day of 2019, cryptocurrency prices have been steadily moving sideways in a consolidated pattern after taking some slight losses on New Years Eve. At the moment, the entire digital asset economy is worth about $126 billion and global trade volume has been thinning out over the last 48 hours.

Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization

2019’s Top Crypto Market Valuations

2018 is over and many cryptocurrency enthusiasts are hoping the bearish sentiment that lasted all year long is left behind as well. Trade volume has been light over the last two days, which is likely due to traders celebrating the holidays. Its likely that heavier digital asset trading will resume at some point today and into the new year. At the moment, global trade volume for all 2000+ assets this Tuesday is around $12.8 billion. Bitcoin core (BTC) is trading for $3,743 and is down 1.5% on Jan.1. The last seven days show BTC is also down a small percentage and trade volume is around $4.2 billion.

The top 10 cryptocurrencies on Jan. 1, 2019.

The second largest market capitalization held by ripple (XRP) is down 1% today and 5.9% for the week. One XRP is trading for $0.35 and ripples overall market valuation is $14.4 billion. Ethereum (ETH) had a decent runup last week as the cryptocurrency is still up 5% over the last seven days but is down 1.6% today. One ETH is trading for $135 and the total market capitalization is awfully close to ripples at $1....

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