Thursday, March 14 — cryptocurrency markets are trading sideways, with some major coins making minor gains on the day, according to data from Coin360.
Market visualization from Coin360
Bitcoin (BTC) is up less than one percent over the past 24 hours, and is trading at $3,921 at press time. The major cryptocurrency has seen small volatility over the day, having dipped to as low as $3,901, while the intraday high reached $3,946 as of press time.
Bitcoin 24-hour price chart. Source: CoinMarketCap
Ethereum (ETH), the second top cryptocurrency by market capitalization, has gained 0.30 percent over the day, trading at $133.68 at press time. The major altcoin saw its highest price point over the week on March 8, reaching $139.37, with a weekly low of $131.65.
Ethereum co-founder Vitalik Buterin said yesterday that blockchain applications outside of finance face more difficulty gaining traction, as the primary added value they offer is decentralization. He proposed that decentralized apps can potentially redraw the existing technology and power landscape by leveraging a decentralized ecosystem to allow smaller players to compete with tech giants’ monopolies.
Ethereum 7-day price chart. Source: CoinMarketCap
Ripple (XRP) has suffered slight losses on the day, dropping by 0.63 percent and trading at $0.312 to press time. Trading at $0.314 in the beginning of the day, XRP has gradually dropped to its current price point.
Ripple 24-hour price chart. Source: CoinMarketCap