Home / Ethereum / Crypto Markets See mixed signals, Ethereum Beats Ripple by market capitalization

Crypto Markets See mixed signals, Ethereum Beats Ripple by market capitalization



Saturday 22 September: Cryptographic Markets saw a mix of red and green, with Ethereum (ETH) exceeding Ripple (XRP) to return to being classified according to cryptocurrency by market capitalization, according to CoinMarketCap. [19659002] Market Display by Coin360

After an increase of up to $ 6,809 earlier today, the bitcoin (BTC) has slightly declined in the last 24 hours, after trading below $ 6,700 in the last few hours. The main cryptocurrency is down 0.5% and trades at $ 6,667 at the time of printing, recording about 3% gains during the week.

Chart of weekly Bitcoin prices. Source: Cointelegraph Price Index

Ethereum (ETH) regained its position as a second cryptocurrency by capitalization, having exceeded Ripple by about $ 2 billion, with a market capitalization of $ 24.4 billion at the time of printing. The altcoin rose 4% in a 24-hour period and at the time of printing it traded at $ 238. Ethereum is still down around 15% in the last 30 days, while it sees similar earnings of around 15 % in the week.

Chart of weekly prices of Ethereum. Source: Cointelegraph Ethereum Price Index

In contrast, Ripple saw a sharp decline during the day, down nearly 8 percent in the last 24 hours. The cryptocurrency is trading at $ 0.55 at the time of printing, which is a growth of around 102 percent in the last 7 days, following yesterday's significant gains.

Graph of weekly prices for undulations. Source: Cointelegraph Ripple Price Index

The total market capitalization stood slightly above the $ 222 billion point during the day, with an intraday of $ 227 billion and a minimum of $ 219 billion. In the last 48 hours, cryptographic markets have earned at least $ 20 billion.

Weekly chart of total market capitalization. Source: CoinMarketCap

Bitcoin's dominance in the market is seeing a significant decline this week, from 55% a week ago to 51.9% at the time of printing.

Weekly percentage of total market capitalization (dominant position). Source: CoinMarketCap

Most of the top 20 coins by capitalization saw small fluctuations in the range of 5% down and 4% more in the last 24 hours, with Stellar (XLM), Cardano (ADA) ), Tezos (XTZ) seeing losses today, according to CoinMarketCap.

Stellar is down about 6.5 percent and trades at about $ 0.24 at the time of printing, while Cardano and Tezos are down 3.2 and 3.1 percent over a 24-hour period , trading at $ 0.08 and $ 1.64, respectively.

The seventh cryptocurrency summit by market capitalization, Litecoin (LTC), has increased by almost 4%, trading at around $ 60 at the time of printing.

The Crypto markets have seen a remarkable recovery in the last 48 hours, with Bitcoin having tested $ 6,700 in support after falling to a low of $ 6.229 at the start of this week. The rebound of the cryptocurrency took place in the recent announcement of the largest Brazilian broker Grupo XP of the launch of a Bitcoin and Ethereum exchange in the near future.

Also on September 21, the billionaire investor Mike Novogratz predicted that Bitcoin will see a 30 percentage of rallies by the end of 2018. Asserting that the $ 8,800 to $ 10,000 threshold would be the decisive moment for institutional investors To enter the space, Novogratz stated that it is impossible for BTC not to reach $ 8,800 to $ 10,000 in price by the end of the year.


Source link