On Bitcoin’s 10th Birthday, Crypto Markets See Corrections Across the Board

Thursday, Jan. 3 — after some positive inklings of growth earlier this week, crypto markets have today dipped back into the red, with most of the top twenty cryptocurrencies by market cap seeing losses capped below 6 percent, as data from CoinMarketCap shows.

TRON (TRX) is one of the only outliers among the top coins and the strongest top twenty performer on the day, up just 1 percent. The market is evidently responding positively to news that stalwart peer-to-peer torrent client BitTorrent has launched a TRON-based native token for its users — the company’s first major move to tokenize its content sharing ecosystem, roughly six months after it was acquired by TRON in July 2018.

As of press time, TRX is ranked 10th largest cryptocurrency by market cap, and is trading at around $0.02, according to CoinMarketCap data.

Ten years after its “genesis block” was mined, Bitcoin (BTC) has seen a mild loss of just below 2 percent over the 24 hours to press time, and is currently trading at $3,830. The past week has been a volatile one, with Bitcoin making several attempts to break back above the $4,000 price point, but sustaining losses multiple times — having seen a low of close to $3,600 near the start of its 7-day chart.

Nonetheless, jagged trading patterns have brought Bitcoin up on the week — the top coin has seen 3.5 percent growth since Dec. 27. On the month, Bitcoin has seen even less change, down about 1.5 percent.

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