Markets Break Streak of Green, Most Top Coins See Mild Corrections
Largest cryptocurrency Bitcoin (BTC) is only just below the $4,000 mark, which it reclaimed yesterday, Dec. 20, capping a five-day streak of solid growth. At $3,971 at press time, and down around 2 percent on the day, the coin is trading around $800 higher than its week low at $3,185 on Dec. 14.
Second-largest crypto by market cap Ripple (XRP) is down just over 3 percent on the day, trading at $0.36 as of press time, according to Cointelegraph’s Ripple Price Index. The asset’s solid growth over the week has brought its 7-day chart to 18.5 percent in the green, with monthly losses nonetheless remaining at a stark 23.5 percent.
Today, an article from The Wall Street Journal went so far as to suggest that “the only good thing about investing in cryptocurrencies in 2018 was the tax break,” and that traders should sell and then repurchase their Bitcoin (BTC) to maximize their tax relief.