November 2: cryptocurrency markets continued to trade slightly in the green today, remaining relatively quiet with moderate gains in the top 20 currencies. Most of the top 100 digital currencies have recorded humble earnings in the last 24 hours.
Market display from Coin360
The main bitcoin cryptocurrency (BTC) is only 0.06 percent higher during the day and at the time of the press is trading around $ 6.395. BTC saw slight volatility during the day, with the deepest and highest points of $ 6,327 and $ 6,396, respectively.
24 hour bitcoin chart. Source: CoinMarketCap
Ethereum (ETH) has risen slightly by almost 1 percent in the last 24 hours, trading around $ 200, and the weekly altcoin chart shows its price down by a relatively modest 0.41 percent. After reaching the weekly minimum of $ 193.29 on October 31st, ETH has consistently earned the price.
24-hour graphical etereum. Source: CoinMarketCap
The third largest market capitalization cryptocurrency Ripple (XRP) increased by 0.57 percent in the last 24 hours and traded around $ 0.459 at the time of printing. In the last seven days, XRP has decreased by 0.06 percent.
24 hour graphic XRP. Source: CoinMarketCap
Bitcoin Cash (BCH) stood out among the top 10 coins, earning 9 percent on the day. The altcoin is trading at around $ 462, while its daily trading volume is around $ 522 million, according to CoinMarketCap. In its weekly chart, BCH rose to $ 469 after an immersion at $ 411.
Chart in 24 hours of Bitcoin Cash. Source: CoinMarketCap
During the last week, total capitalization experienced some noticeable fluctuations, with a sudden decline of $ 202 billion and an increase of $ 209 billion respectively on October 29 and November 1. After jumping up to $ 209 billion yesterday, the total market capitalization has fallen to $ 205 billion, after which it has seen moderate gains today.
Weekly chart of total market capitalization. Source: CoinMarketCap
The industry is awaiting the decision of the US Securities and Exchange Commission (SEC) to revise the proposed amendments to a set of applications to list and trade various BTC exchange traded funds (ETFs) set for the 5 November.
Yesterday, the so-called "godfather of ETFs", Reggie Browne said that Bitcoin ETFs will be certified "not very soon". He specified that Bitcoin ETFs will only be approved after the development of a robust regulatory framework for industry.