The crypto markets are reporting mixed signals with most of the top crypto assets seeing mixed gains and losses. The leading cryptocurrency Bitcoin briefly dipped below $3,200 before climbing back above that level. According to market stats, BTC had started the day with an opening price of $3,228, but having gone up to as high as $3,275 on the day, the leading crypto assets settled at its current price of $3,232 after bouncing off its lowest point of $3,191.
Ripple (XRP), the second largest crypto assets by market cap has printed a 1 percent loss in the last 24 hours. The second leading cryptocurrency began the day at $0.28 but is now trading at $0.29 after a bounce. Its weekly performance outlook shows that ripple has experienced a 2 percent loss in the last 7 days.
Ethereum (ETH) the third largest crypto assets by market cap, seems to have bounced off nicely after initial sell-off forced its price to as low as $83. As at the time of writing this report, the third leading crypto assets is exchanging hands at $87.
On the weekly chart, Ethereum is down by almost 7 percent, having traded at $98 last Sunday.
Among the major cryptocurrencies, there are several coins that seem to be doing quite nicely. Coins like EOS (EOS) have printed a notable 6 percent gain while IOTA (MIOTA) isn’t doing too bad as it is up by 4.29 percent. Another crypto asset that is doing very well is Dash, it is up by almost 5 percent on the day.
A close look at the crypto markets shows that while the majority of the top 20 crypto assets are doing well,Bitcoin SV and Bitcoin ACH are the biggest losers.As at press time, both cryptocurrencies where reporting losses of up to 5percent.
While crypto prices seem to be declining by the day, reports suggest that the number of verified crypto users have doubled. And according to experts, this could be a sign that the market could recover in the shortest time.
Elsewhere, Jeremy Allaire, the co-founder of cryptocurrency company Circle, recently predicted that Bitcoin would be worth a lot more than it is now in three years times.