November was hard for cryptocurrencies. The prices of all cryptocurrencies were struggling against the USD. The saga started when the Bitcoin Cash Fork war started and the value of BTC fell from above $6000 to $3300 within a few days. Towards the end of the month, however, a price recovery was attempted. This time, Bitcoin was able to move above $4000 to $4300. Even if the price later fell, it was able to stay above the support at $4000.
December May Be A Good Month For Cryptocurrencies
Yesterday, the price of Bitcoin and other cryptocurrencies reported significant gains against the USD. Bitcoin took a spike above $4,202 carrying the entire cryptocurrency market along. This may be a good thing as all top 20 coins are trading in green against the USD. BTC is up by 4.5% within a 24 hour period and down by 9% within the week. Right now, BTC is trading at $4,130.54. This means that it is up by 3.49% against the USD with a trading volume of $5,383,030,731 and a market capitalization of $71,883,385,190.
Bitcoin (BTC) Price Today – BTC / USD
XRP (XRP) was up by 3% yesterday trading at $0.37 at press time. Over a seven day period, XRP is down by 7%. Right now, the second largest cryptocurrency per market capitalization is trading at $0.370068. This shows that it is up by 3.02% against the USD and down by 1.15% against Bitcoin. The trading volume over a 24 hour period is $407,787,128 and the market capitalization is $14,923,876,077.
XRP (XRP) Price Today – XRP / USD
NEM (XEM) and Tron (TRX) are currently recording the highest gains among the top 20 coins on CoinMarketCapital’s list of cryptocurrencies. As the 11th coin on the list, Tron was up by 6.5% at press time yesterday. Over the week, it was up by 11%. At the time of writing, it was trading at $0.014925. This shows that it was up by 5.90% against the USD and up by 1.36% against BTC. The trading volume over a 24 hour period is $87,444,366 and the market capitalization is $987,159,596. NEM, on the other hand was up by 7% yesterday. Over a 7 day period, it is up by 5%.
TRON (TRX) Price Today – TRX / USD
The entire market capitalization increased yesterday. Two days ago, it was sitting around $129 billion but yesterday it was as high as $137 billion. The total trading volume was relatively stable throughout the day around $16 million. The next few sessions of trading will determine if the price action will remain positive against the USD or not.