New York Coin Market Closed Slightly Higher

The cryptocurrency market closed up overall. The rise in most stocks is small.
Seven of the top 10 have risen, and 67 of the top 100 have a green light, indicating a rise.

According to CoinMarketCap, Bitcoin’s price rose 0.44 percent to $ 7268.29 at 4 pm New York time.

Ethereum 0.50%, XRP 0.52% price fell, Bitcoin Cash 2.22%, Litecoin 0.77%, EOS 0.82%, Binan Coin 0.80%, Tezos 4.84%.

At this time, the market capitalization of the cryptocurrency market stood at US $ 1976 billion and the share of bitcoin was 66.6%.

Source: Coin Market Cap (as of December 13 at 4pm, New York Time)

The Bitcoin futures price on the Chicago Mercantile Exchange (CME) remained flat. December’s most trading volume rose $ 5, $ 7,270, January’s $ 20, $ 7285, February’s $ 35, $ ​​7,370, and March, the March, fell $ 30 to $ 7385.

The cryptocurrency market ended up weak overall. The rise of most rising stocks is not large.

Bitcoin is still consolidating at $ 7,200 and trading volume has fallen to $ 17.3 billion.

Most of the major coins, such as Ethereum and XRP, fluctuated slightly, while Tezos, which entered the top 10 on the previous day, continued its strength, rising by around 5%.

Decrypt said Tezos hit its highest level since May of this year, and the rise seems to be due to the launch of the Tezos token staking service at Cryptocurrency exchange Kraken.

Decrypt has also seen Tezos gain more than 80% in the last three months, when most major coins, including Bitcoin, Ethereum, and XRP, have seen significant losses, and their daily trading volume has increased tenfold compared to July. It is noted.

Meanwhile, according to YouTube, Morgan Creek Digital co-founder Jason Williams predicts that Bitcoin’s half-life scheduled for next year will have little impact on Bitcoin’s price.

He believes that if Bitcoin goes through a half-life, the short-lived price will rise because miners are already setting their prices for half-life. Claimed it would be difficult to expect.

The New York market closed stronger on the day. The Dow rose 0.01%, the Nasdaq rose 0.20% and the S & P 500 rose 0.01%.

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In the second week of December, the altcoin market remained somewhat stagnant, similar to Bitcoin, with no noticeable price fluctuations.

Among them, Tezos (XTZ) is the representative stock that the cryptocurrency market has paid attention for one week.

Tezos jumped 30 percent during the first week of December, starting a week with a market cap of over $ 1 billion. Although it once fell during the week, Tezos soon regained strength, eventually pushing out Stellar and ranking 10th in the market cap.

Tezos has soared since the last three days, when the main cryptocurrency exchange Binance provided users with the cryptocurrency that they could use to operate the blockchain network, and started token staking service to receive cryptocurrency as a reward. .

In this atmosphere, it was reported that Exchange Kraken is also starting Tezos staking service.

In response to this, Decrypt said that Tezos has gained 80% of its price in the last three months, when most major coins such as Bitcoin, Ethereum, and XRP have suffered significant losses. This is noted.

Material: Coin Market Cap

While Tezos has recently gained attention with its strength, Binancoin (BNB) has attracted attention as the major cryptocurrency with the best performance in 2019.

Binan Coin outperformed Bitcoin, which started at $ 6.16 in 2019 and rose by more than 150% to $ 15.00 as of today.

Litecoin and Bitcoin Cash also performed well, with prices up 47% and 38%, respectively.

Of the top 10 cryptocurrencies in the market, only two companies recorded negative earnings this year, XRP and Stellar.

Material: Coin Market Cap

On the contrary, while Tezos and Binance attracted attention with good performance, EOS showed an unstable appearance as its cryptocurrency rating fell.

Weiss Crypto Ratings, which provides cryptocurrency valuation information, has downgraded the rating of cryptocurrency EOS due to blockchain decentralization failure.

According to the latest cryptocurrency rating released by Weiss Crypto Ratings, EOS’s rating has fallen from B to C minus.

Juan Villaverde, editor of Weiss Crypto Ratings, notes that EOS suffers from insufficient decentralization, resource allocation, and difficulty in network operations, and the complex solutions that have come to make things worse.