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Bitcoin+Stagnates+Near+%245%2C000+as+Top+Cryptocurrencies+Witness+Slight+Losses

Bitcoin Stagnates Near $5,000 as Top Cryptocurrencies Witness Slight Losses

 

On 14 April most of the cryptocurrencies under top 20, according to CoinMarketFeed are reporting mild to moderate losses in the past 24 hours at the time of press. The dominant cryptocurrecny Bitcoin [BTC] stagnates at just over the $5,000 mark.

Bitcoin’s price is half a percent on the day, trading at around $5,085 at the time of pres, according to CoinMarketFeed. When analyzing its weekly chart the current price is also just half a percent higher than the price at which the cryptocurrency started the week.

The second largest cryptocurrency based on the market Capitalization of $17.4 billion, ethereum [ETH] is maintaining its position as the largest altcoin.

The ethereum has witnessed zero to mild change over the last 24 hours, down a fraction of a percent. At the time of writing ETH is trading around $163.86. When analyzing its weekly chart, the coin has witnessed almost no gross change, but has reported a mid-week high of $184 on Monday.

Ethereum core developers revealed in a recent developer meet that they are taking into account more frequent and smaller hard forks.

The second-largest altcoin, Ripple [XRP], has a market capitalization of about $13.7 billion at the time of press. Ripple is facing a fractional losses over the 24 hours and is currently trading at around $0.325. Analyzing the cryptocurrency’s weekly chart, its current price over 8% lower than what it witnessed one week ago.

The only one coin which reported notable gain is Binance Coin (BNB), which is up almost three percent. The cryptocurrency seen more gain on the week. The overall market cap of all the cryptocurrencies is equivalent to $173.1 billion, which is approximately equal to two percent lower than $175.6, the value it witnessed a week ago.
 
Today, CoinMarkFeed reported that the research wing of major cryptocurrency derivatives platform BitMEX evaluates that Bitcoin SV [BSV] miners have accumulated gross losses of $2.2 million. The report claims that BSV miners recognized a negative gross profit margin of 12% since the coin was created in a hard fork that split Bitcoin Cash [BCH].