Crypto NEws

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.

Home Crypto News Crypto Markets Recover Slightly, Ethereum, Tezos See Largest Gains
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Crypto Markets Recover Slightly, Ethereum, Tezos See Largest Gains
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Crypto Markets Recover Slightly, Ethereum, Tezos See Largest Gains

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After dropping below $6,500 yesterday, Bitcoin challenges the price point again.

Saturday, September 15: crypto markets are undergoing a slight recovery after yesterday’s decline, with 17 of the 20 top cryptocurrencies by market cap in the green, according to CoinMarketCap data.

Market visualization

Market visualization from Coin360

After dropping below the $6,500 price point yesterday, Bitcoin (BTC) has challenged the mark again, going up by 1.6 percent over the past 24 hours, to trade at $6,533 at press time.

Bitcoin price

Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) is currently seeing some of the largest gains among the top 20 cryptocurrencies by market cap. The major altcoin is trading at $223, up 6.7 percent in 24 hours to press time. Ethereum is also up 5.3 percent on the week, after having dropped to as low as $169 on September 12.

Ethereum price

Ethereum price chart. Source: Cointelegraph Ethereum Price Index

The total market cap continues hovering around the $200 billion mark, currently at $204 billion.

Total market capitalization

Total market capitalization chart. Source: Coinmarketcap

Following the recent announcement of the upcoming Tezos (XTZ) mainnet launch slated on Monday, September 17, it has seen the largest gains among the top 20 coins on the day. XTZ is trading at $1.68 at press time, up 26.4 percent over the past 24 hours.

Litecoin (LTC) and Monero (XMR) have also seen considerable gains since yesterday. Litecoin is up 5.2 percent, trading at $57 at press time, according to Cointelegraph’s price index. The privacy-focused Monero, currently ranked ninth by market cap, is up 5.8 percent and is trading at almost $120 as of press time.

Dogecoin (DOGE) is one of the few cryptocurrencies that have seen some losses on the day. The altcoin is down 0.6 percent and trading at $0.006148 at press time, but is still up 8 percent over the past 7 days.

Yesterday, Silicon Valley venture capitalist and well-known Bitcoin evangelist Tim Draper predicted that the combined cryptocurrency market cap will hit $80 trillion in the next 15 years, citing the variety of markets that will be transformed by the cryptocurrency industry.

The most recent wave of green comes after CEO of Galaxy Digital Capital Management Mike Novogratz called a price bottom on the crypto markets.

Yesterday, the U.S. stock brokerage company EF Hutton said that they are planning to issue $60 million in various crypto instruments by January 2019, following the confirmation that the company will also be a sponsor of the upcoming U.S. crypto exchange ACEx.

On September 13, Bloomberg cited anonymous sources as saying that the U.S. banking giant Morgan Stanley is planning to offer Bitcoin swaps, enabling its clients to trade derivatives without holding the actual cryptocurrency.

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