Bitcoin holds steady, Ether climbs, XRP drops

Bitcoin maintained its value of just under $40,000 in the last 24 hours after a volatile few days.

BTC had sunk as low as $34k on Wednesday – which meant it had lost 30% of its value in a single day, and 50% in a month – but seems to be holding at the time of writing (7am).

Bitcoin has been damaged recently by Tesla’s decision to no longer accept it as a payment method due to environmental concerns, such is CEO Elon Musk’s influence on the crypto markets these days.

Following a general crypto bloodbath following the banning on Tuesday of Chinese financial institutions and payment companies from providing crypto transaction services – and the country’s warning against speculative crypto trading – most coins rebounded in the last 24 hours.

One exception was Ripple’s XRP coin, which fell 4% to $1.11. It was worth $1.53 on Tuesday morning and is down 18% compared with seven days ago.

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Ethereum (ETH) rose 4% in 24 hours to $2,728 but is still down 29% on a week ago.

Dogecoin (DOGE), the coin created as a crypto parody and based on a meme, is heavily backed by Musk. The CEO has pledged to work with developers to improve its blockchain infrastructure. After drops on consecutive days of 16% and 14%, it recovered by 6% in the last 24 hours to reach 39 cents.

Litecoin (LTC) held firm around $200 after dropping a massive 25% of its value in the previous 24-hour period. The altcoin – billed a lighter and faster version of Bitcoin – is worth 37% less than a week ago.

The majority of coins climbed or held their value. Monero (XMR) rose the most, up by 28% to $297, while Nano (NANO) is 23% higher at $8.62.

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To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For up-to-the-minute valuations of the top 100 coins by market cap, and the one-hour price change, see below. 

To see the Crypto Rich List, the world’s richest people in cryptocurrency, scroll down to the bottom of the page.

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