Each of the top 20 cryptocurrencies by market capitalization hit an all-time price high in the past four days, according to market data.
Data site OnChainFX reports that those cryptocurrencies saw price highs this week, including several – such as XRP, zcash and NEM – that occurred in the past day.
At the same time, the data also indicates that a number of those top-20 performers have seen price pullbacks in the wake of hitting those highs. Bitcoin cash, after spiking above $4,000 in the wake of a listing by cryptocurrency exchange startup Coinbase, is down roughly 19 percent.
Bitcoin’s price fell below $16,000 today after nearing $20,000 over the weekend. According to CoinDesk’s Bitcoin Price Index, markets went as low as $15,095 today at around 5:30 p.m. UTC, signifying a drop of more than 20 percent from Sunday’s high.
This week also saw the collective cryptocurrency market capitalization push above $600 billion for the first time. Today’s price action has seen that figure drop somewhat, accounting for roughly $596 billion as of press time, per data from CoinMarketCap.
Read more at:
https://www.coindesk.com/top-20-cryptocurrencies-hit-record-highs-week/
