After the disastrous week experienced by the cryptography market, on the morning of 26 November a positive signal emerged for cryptocurrencies, with a sudden increase in the price. Total market capitalization also saw an increase from $ 119 billion to $ 131 billion today.
This sudden spike has shown a significant change in the 24-hour statistics of the encrypted market, with an increase in major currencies of up to 10%. However, the last part of the day reported the crypto-currencies at the end of the day. Furthermore, the weekly charts are still completely red.
Starting from Bitcoin [BTC], most cryptocurrencies show a double-digit loss in the last week. It can be noted that the main losers of the top 10 include Bitcoin Cash [BCH]Stellar [XLM] and Cardano [ADA].
Bitcoin money [BCH]:
At the time of writing, the CoinMarketCap charts depict Bitcoin Cash ABC or Bitcoin Cash [BCH] it is trading at $ 184.36 with a market capitalization of $ 3.2 billion. The cryptocurrency is in trend in 4th place for market capitalization and has shown an increase of 7.9% in the last 24 hours. However, during the last week, it decreased by 47.7%. The currency is traded more on the Korean exchange rate against KRW with 33% volume. This is followed by Binance and Huobi.
While BCHABC clearly shows a downward movement, the weekly chart of Bitcoin SV is enjoying its bullish momentum. The start of last week saw Bitcoin SV trading at $ 130. Subsequently, the cryptocurrency was hit by the general downtrend in the market. By November 22, the currency had reached a low point, which is $ 36. However, it gained momentum and started moving further in a positive direction. According to CoinMarketCap, Bitcoin SV is trading at $ 108.5 now.[Note:l'hardforkdiBitcoinCash[Notes:ThehardforkofBitcoinCash[Nota:l'hardforkdiBitcoinCash[Note:ThehardforkofBitcoinCash[BCH] which took place on November 15, led to the creation of Bitcoin Cash ABC and Bitcoin SV. In some of the exchanges, Bitcoin Cash ABC is still referred to as BCH.]
During the 2nd and 3rd weeks of this month, Stellar [XLM] showed a huge performance in the market list with significant price increases that led the cryptocurrency to overwhelm EOS to conquer the fifth position. However, on 20 November, the cryptocurrency experienced a sharp decline from $ 0.23 to $ 0.18. Since then, XLM has continued to struggle to get out of the bearish zone.
At the time of writing, XLM is in sixth place with a trading value of $ 0.14. The cryptocurrency market capitalization is $ 2.7 billion. The value of XLM has increased by 3% in the last 24 hours and the 7-day currency chart shows a 36.7% drop rate according to CoinMarketCap.
Cardano of IOHK [ADA] he also saw himself on the losers list this week with a crucial 32.7% depreciation. At the time of writing, ADA traded at $ 0.03 with a market capitalization of $ 928 million. The currency has stabilized in 9th place just under Litecoin [LTC] which has about $ 1.7 billion market capitalization.
ADA showed a reasonable performance from the first week of November. The cryptocurrency was trading at $ 0.08, which gradually decreased during the week and reached its current point. The highest trading volume for ADA is from ZBG for transaction mining. It follows Binance and Upbit with trading volumes of 20.25% and 16.07% respectively.
Subscribe to the AMBCrypto newsletter
Follow us on Telegram | chirping | Facebook