Crypto Market Update - Sunday, Jan. 3: Ethereum Eyes $1k, Dogecoin Down 19%

Crypto Market Update, Jan. 3: Ethereum Eyes $1k, Dogecoin Down 19%

Image courtesy of Pixabay.

What Happened

Ethereum (ETH-X), the second leading cryptocurrency by market cap, has gained over 18.19% in the last 24 hours and was trading at $951.85 as of the time of writing, with a current capitalization at over $103 billion.

The price of Ethereum has been going up since Dec. 24, just after it fell to $572, according to TradingView data. Its all-time high was reached in January 2018, when the price soared to $1,432. Gemini crypto exchange founder and billionaire Cameron Winklevoss touted Ethereum's strength in a tweet on Friday.  

What Happened To Dogecoin

Meanwhile, after its 125% meteoric rise in one day yesterday, Dogecoin (DOGE-X) was trading at $0.0106 as of the time of writing, down 10% since the high of $0.0133 that it hit Saturday. Dogecoin is currently ranked 26th among 8,164 cryptocurrencies in circulation, according to CoinMarketCap.

It previously rose 20% after Tesla Inc. (TSLA) CEO Elon Musk tweeted about it on Dec. 20.

Total Crypto Market

Overall, the cryptocurrency market capitalization has reached $873 billion as of today, Jan. 3, with the top ten cryptocurrencies in the green at press time, including Tether (USDT-X), Ripple (XRP-X), Litecoin (LTC-X), and Polkadot (DOT). Also, Bitcoin (BITCOMP) today hit another all-time high, surpassing $34,000 for a period during the day.

© 2020 Benzinga does not provide investment advice. All rights reserved.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.