Bitcoin Price Breaches $7,400 Mark as Most Top-20 Coins See Gains

Sunday, Dec. 22 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) is breached the $7,400 mark again. Tezos (XTZ) is the only cryptocurrency among the top-20 that is seeing losses.

Market visualization courtesy of Coin360

Bitcoin price is currently up by 3.36% on the day, trading at around $7,422 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 4.1%.

Bitcoin 7-day price chart. Source: Coin360

As Cointelegraph reported earlier today, multiple analysts suggest that Bitcoin is headed for a big dip before the next bull market.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $14.4 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $8.5 billion at press time.

Coin360.com data shows that ETH has seen its value increase by about 3.48% over the last 24 hours. At press time, ETH is trading around $132. On the week, the coin has also lost about 7.04% of its value.

Ether 7-day price chart. Source: Coin360

XRP is up by about 2.37% over the last 24 hours and is currently trading at around $0.195. On the week, the coin is down about 10.55%.

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, the only one reporting double-digit gains is Tron (TRX), which as of press time is up by 10.79%. Also Litecoin (LTC), is seeing better-than-average performance, with 5.45% of gains registered over the last 24 hours. Tezos, on the other hand, is the only cryptocurrency of the group that is seeing losses and has seen its value decreased by up to 1.67%.

At press time, the total market capitalization of all cryptocurrencies is $195.6 billion, about 0.62% higher than the value it reported a week ago.