Cryptocurrencies Market Overview - January 04, 2018

Welcome to my Cryptocurrencies Market Overview for Thursday, January 04, 2018.

Today in the news:

• Ripple hits $3.72 (+165% in 7 days) and Ethereum is above $1,000.
• TRON price jumps 150% as founder teases major partnership.
• And more crypto news below...

24 Hour Change

Realtime chart on my website CoinMarkets.today

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Bitcoin daily chart (log scale)

Feel free to use and share my charts, but please mention me as the author.

Latest Crypto News - January 04, 2018

Down But Not Out: Bitcoin Holds Onto Bullish Territory

Bitcoin has come under pressure today amid sharp gains in alternative currencies, but the charts are showing no signs of panic.
_{Read more: coindesk.com}

Ripple (XRP) Price Surpasses $3.6 as Bulls Remain in Control

As we had expected yesterday, the XRP price has continued its uptrend without too many problems. With every XRP worth over $3 as we speak, it is evident this digital asset is of great interest to investors and spectators all over the world. As is the case with any sort of growth in the world of finance, there will be a correction at some point in the future. For now, the bullish uptrend is still in place as we speak.
_{Read more: themerkle.com}

Other sources:

• Ripple Keeps Destroying Bitcoin's Dominance
• Ripple Price Surges 35%, Hits $141 Billion Market Cap

Ethereum Price hits $1,000

Things are progressing nicely in the world of Bitcoin and altcoins these days. While the Bitcoin price is still on the bend, most altcoins are further solidifying their position in the market. Ethereum, for example, is looking to hit that $100bn market cap in the coming weeks. Moreover, the Ethereum price has increased to over $977, which means reaching $1,000 may happen sooner than expected.
_{Read more: themerkle.com}

Other sources:

• Ether Price Climbs to New Record High (Coindesk)

Merrill Lynch Bans Clients from Investing in Bitcoin Fund

Merrill Lynch, the brokerage arm of Bank of America, has blocked financial advisers and clients from trading in bitcoin-related investments.
_{Read more: coindesk.com}

Other sources:

• Merrill Lynch bans clients from investing in Silbert bitcoin fund (Reuters)

Korean Law Firm Appeals Against Govt’s Cryptocurrency Trading Rules

A law firm in Seoul, South Korea has filed an appeal against the government’s new cryptocurrency trading rules. Anguk Law filed the suit which claims regulating trading through administrative guidance has no legal basis and infringes on property rights, according to The Korea Times.
_{Read more: ccn.com}

Chinese Cryptocurrency Exchanges Delay Launching in South Korea Due to Regulation

Two major Chinese cryptocurrency exchanges have delayed their launches in South Korea due to uncertainties surrounding the government’s regulation. The regulators are currently working on a real-name identification system that will end the anonymous trading of cryptocurrencies in the country.
_{Read more: bitcoin.com}

SEC Seeks Comment on CBOE Bitcoin ETF Filings

The SEC is asking for public comment on two proposed rule changes that, if approved, would lead to the listing of the first-ever bitcoin-based exchange-traded funds.
_{Read more: coindesk.com}

McAfee Warns of Advanced Hacking After Twitter Account Hijacking

Cybersecurity Expert John McAfee has warned of advances in hacking methods after his personal Twitter account was hijacked to promote a number of alternate cryptocurrencies last week.
_{Read more: cointelegraph.com}

Maduro Recruiting Miners For Venezuela’s Oil-Backed Cryptocurrency, Petro

Only days after announcing on national TV a formal decree launching the country’s asset-based cryptocurrency, the Petro, Venezuelan President Nicolas Maduro is hiring miners across the country to harvest the digital currency from the Petro mining farms.
_{Read more: cryptovest.com}

Other sources:

• Venezuela Seeks Miners for the Petro – Maduro Claims 860,811 Already Signed Up

Bitcoin Is a Hit in Countries Where Locals Face Currency Troubles

In Sudan, a young woman wants her dowry paid in bitcoin. In Kenya, students are using it to bet on English soccer games, and use of the cryptocurrency in South Africa has surged amid political turmoil. Around the world, investors are piling into bitcoin, sparking talk of a gigantic bubble after the virtual currency notched a 1,375% gain last year.
_{Read more: wsj.com}

TRON Price Jumps 150% as Founder Teases Major Partnership

The TRON price exploded by 94 percent on Thursday after the decentralized content distribution platform’s founder teased a major partnership with a publicly-listed company. Its token, TRX, is up 150% in a 24-hour period at press time.
_{Read more: ccn.com}

What would Bitcoin's price be when it is really used by the masses?

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