Tuesday, October 2: cryptography markets are seeing mixed signals, with upward and downward fluctuations for the last hours and most of the top 20 cryptocurrencies for market capitalization that see losses, according to CoinMarketCap. However, in terms of 100 major cryptocurrencies, around half of the markets are now in the green.
Market display from Coin360
After seeing a slight growth on September 30, Bitcoin (BTC) continues to record losses. The major cryptocurrency is up 0.015 percent in the last 24 hours, trading at $ 6564 at the time of printing. While Bitcoin managed to trade above $ 6,600 for a while over the course of the day, the currency saw its intraday low of $ 6,499. According to Cointelegraph's price index, Bitcoin is still up by almost 2 percent in the last 7 days.
Bitcoin's market share has seen a small growth of around 0.3 percent in the last 24 hours, according to CoinMarketCap.
Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index
Ethereum (ETH), the second cryptocurrency by market capitalization, sees more losses today, down by almost 1 percent in a 24-hour period. The upper altcoin is trading at $ 227 at the time of printing, showing around 23% of losses over the month. However, Ethereum is still standing during the week, having managed to maintain around 3.5% of earnings over the last 7 days.
Ethereum 24-hour price table. Source: Cointelegraph Ethereum Price Index
Ripple (XRP), the third major cryptocurrency, declined gradually over the course of the day, as shown on the Ripple 24-hour price chart. However, cryptocurrency has slightly increased by 1.3 percent in the last 24 hours and is trading at $ 0.55 at the time of printing. Ripple still records significant growth of around 62% in the last 30 days.
24-hour price graph ripple. Source: Cointelegraph Ripple Price Index
The total market capitalization currently stands at around $ 220 billion at the time of printing. The maximum intraday of the total market capitalization represents about $ 222 billion. The daily trading volume of cryptographic markets amounts to about $ 13.4 billion at the time of printing and the number of all cryptocurrencies listed on CoinMarketCap is 2,011 at the time of printing.
24-hour chart of total market capitalization. Source: CoinMarketCap
While most of the top 20 cryptocurrencies have suffered losses in the last 24 hours, NEM (XEM) has continued to grow today. After seeing strong gains yesterday, the altcoin continues to gain momentum, up 3.9 percent in a 24-hour period. In terms of weekly earnings, NEM rises more than 15 percent at the time of printing.
VeChain (VET) also grew by 2.4 percent and traded at around $ 0.013 at the time of printing. The top 19 cryptocurrency has increased by about 4% in the last 7 days.
Considering the largest losses in the top 20 cryptographic markets, Stellar (XLM) recorded losses of more than 2.1 percent. The sixth currency by market capitalization is trading at $ 0.25, but still increases by 4% in terms of weekly earnings.
Dash (DASH) is down more than 1.2 percent today. The 12th altcoin altcoin is trading at around $ 183, even down around 0.8% during the week.
Recently, Cointelegraph reported that German investors in Initial Coin Offerings (ICO) have lost up to 90% of their capital, which is even more than the losses of the major Bitcoin and Ethereum cryptocurrencies this year.
On 2 October, a Bloomberg report showed that institutional investors have replaced retail investors as the best cryptocurrency traders valued at over $ 100,000, with traditional investors such as hedge funds becoming more involved in encrypted markets through private transactions .