Wednesday, November 28th: after the dramatic sale of the market on November 14th, cryptocurrencies are aiming at important recoveries across the board, with all the major currencies that see significant growth and scattered assets that seal double-digit gains, as data show of Coin360.
Viewing the Coin360 market
Bitcoin (BTC) rose by 9.3% during the day, exceeding $ 4,000 to trade at $ 4,050 at the time of printing. This important rebound has put Bitcoin on track for its strongest daily performance since July, according to a Reuters report released today.
During the week, Bitcoin remains almost 16% in red; monthly losses are at 37%, according to Cointelegraph's bitcoin price index.
Bitcoin 24-hour price chart. Source: Cointelegraph bitcoin price index.
Ripple (XRP) is growing an equally strong 8.3 percent of the day to be traded at $ 0.37 at the time of printing. Today, with a market share of around $ 15 billion – compared to $ 11.9 billion of Ethereum (ETH) – the alt is clinging to its margin as a second classified cryptography asset.
Ripple's weekly and monthly charts are also red, with losses of 21% and 18% respectively.
7 days price chart ripple. Source: CoinMarketCap
Third-party encryption by market capitalization Ethereum (ETH) has recovered lost ground to grow 9.7% during the day, trading at $ 114 at the time of printing. The low intraweek level of the asset has been dangerously close to double digits in fiat value amid the market crash, and remains down 23 percent on its weekly chart. In the month, Ethereum is down close to 44%.
Weekly chart of the price of Ethereum. Source: CoinMarketCap
All the remaining top ten coins on CoinMarketCap are firmly in the green, with the seventh-ranked highest Crypto Litecoin (LTC) up 10 percent on the day trading at $ 32; altcoins Stellar (XLM) and Cardano (ADA) are also strong, with growth of 9.3% and 10.45% respectively.
Also the bitcoin cash (BCH), which is at a disadvantage of over 58% in the month, due to the collapse of the controversial hard fork on November 15th, saw a moderate growth of 4.45% during the day. The product of the BCH division, the new "Bitcoin SV" (BSV) is currently ranked 9th in the ranking by market capitalization, with an increase of about 2.5 percent per day to be exchanged at almost $ 100.
The coins remaining in the top twenty by market capitalization are seeing an intense green flow, with average earnings of between 7 and 14 percent per day. The exception is altcoin Texos (XTZ), which saw a slight increase of 2.1 percent trading at $ 0.57. Alt Zcash (ZEC) focused on privacy is almost 14.5% at $ 75.50, IOTA (MIOTA) rose by 8.6% to $ 0.26 and Neo (NEO) increased by $ 11.3% to $ 7.71.
Coinbase Wallet announced this week support for Ethereum Classic (ETC), which gained a solid 11.3% to $ 4.71 at the time of printing.
The total market capitalization of all cryptocurrencies is about $ 131.8 billion from the time of the press, with an increase of $ 11 billion a day and over $ 17 billion from the minimum intraweek of about $ 114.6 billion November 25th.
Weekly graph of the total market capitalization of all CoinMarketCap cryptocurrencies
In the news for the institutional cryptographic show, the second largest stock exchange in the world Nasdaq and the US VanEck have announced a partnership to jointly launch a series of "transparent, regulated and supervised" digital products. The announcement echoes yesterday's report by Bloomberg, citing "two people familiar with the issue", according to which the Nasdaq would launch a Bitcoin (BTC) futures contract as early as the first quarter of 2019.
Jeffrey Sprecher, president of the largest stock exchange in the world, Jeffrey Sprecher of the New York Stock Exchange (NYSE), also declared this week to consider the survival of digital currencies as an asset class "unequivocal".