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All But One of Top 20 Cryptos See Green, Bitcoin Safely Above $6,700

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Crypto markets are seeing another wave of growth, with Bitcoin trading above $6,700 and 19 out of the top 20 coins firmly in the green.

Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap.

Market visualization from Coin360

Market visualization from Coin360

After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, up 0.9 percent on the day.

Bitcoin is also up 3.3 percent over the past 7 days, and up 5 percent up on the month. Despite that, Bitcoin’s dominance has dropped slightly, down from 55.6 percent a week ago to 51.2 percent at press time, according to CoinMarketCap.

Bitcoin price chart

Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH), after having briefly given up its position during a massive Ripple (XRP) rally, is now back to the second spot by market capitalization.

The coin is up 2.6 percent in 24 hours to press time, currently trading at $245. Ethereum is up a significant 10.4 percent on the week, but it has not yet managed to recuperate its monthly losses, still down around 9 percent over the past 30 days.

Ethereum price chart

Ethereum price chart. Source: Cointelegraph Ethereum Price Index

The third largest cryptocurrency by market cap Ripple (XRP) is the only one to see some losses among the top 20 coins, according to CoinMarketCap. Following a period of immense growth earlier this week, Ripple is down 0.23 percent over the past 24 hours, to trade at $0.568.

Ripple price chart

Ripple price chart. Source: Cointelegraph Ripple Price Index

Crypto markets are holding their gains firmly, with total market cap slightly up over the past 24 hours, currently at $227 billion. Following a significant sell-off that started on September 5, the market has only recently climbed back above the $220 billion point.

Total market capitalization chart

Total market capitalization chart. Source: CoinMarketCap

The sixth largest coin by market cap Stellar (XLM) is seeing the most gains among the top 20. Stellar’s price has surged more than 20 percent in 24 hours to press time, currently at $0.289. The altcoin experienced considerable growth this week, up around 40 percent over the past 7 days, according to CoinMarketCap.

Cardano (ADA) is up 10.6 percent today, currently trading at $0.09. The altcoin’s weekly gains constitute more than 31 percent, according to CoinMarketCap.

CNBC’s Ran Neuner has noted in a tweet that cryptocurrencies are gaining significant momentum, pointing out that the daily trade volume of the entire market is approaching $14 billion, which is “the most volume we have seen in a while.

Domů Šifrování zprávy Survey: Millennial Women are Underrepresented in Crypto Investing
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Survey: Millennial Women are Underrepresented in Crypto Investing
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Survey: Millennial Women are Underrepresented in Crypto Investing

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According to a recent study, almost twice as many millennial men invest in cryptocurrency as women.

A new study by crypto finance company Circle, published September 12, shows that millennial women invest in cryptocurrency at half the rate of men.

The survey collected answers from over 3,000 millennials, Gen Xers, and Baby Boomers in the U.S., covering such issues as investment, associated risks assessment, and attitudes toward emerging asset classes like crypto.

According to the poll, 25 percent of millennials said they are interested in purchasing digital currencies over the next 12 months, which sets them apart from the other generations by more than 10 percent. From a gender perspective, 17 percent of males across the three generations have plans to buy crypto, while only 8 percent of women share the same plans.

The survey found that 71 percent of millennials have invested less than $1,000 into digital currencies, of which 42 percent invested under $500 and 29 percent invested between $500–$1,000. 29 percent of millennials have invested over $1,001.

In regards to the risk associated with crypto investment, younger investors and males across the three generations turned out to be bolder, whereas Baby Boomers tend to be more cautious. 42 percent of millennial men reportedly called themselves “aggressiveinvestors, in comparison with 27 of millennial women, while among Gen Xers, 34 percent of men and 19 percent of women chose the same answer.

While women may still be underrepresented in the crypto space, market research from the London Block Exchange earlier this summer showed that the amount of women considering crypto investment had doubled since the start of the year. The poll also found that women are 50 percent less likely to suffer from “FOMO” (fear of missing out), and approach investing more strategically.

At the end of August, research service YouGov Omnibus conducted a crypto-related survey among millennials. The results of the study show that 79 percent of Americans are aware of at least one cryptocurrency. Millennials were almost equally split between being interested (48 percent) and not interested (50 percent) in cryptocurrencies.

34 percent of the respondents in the YouGov Omnibus survey do not think that crypto will become widely accepted, while millennials demonstrated the most positive approach to cryptocurrencies, with 44 percent of them predicting wider adoption.

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