Cryptocurrency markets mainly observe Red, bitcoin hovers below $ 6,600


Saturday, September 29: cryptography markets are now seeing mainly red, with only five of the 20 largest cryptocurrencies for market capitalization that have seen growth in print time, according to CoinMarketCap. Daily trading volume fell below $ 16 billion, currently amounting to $ 15.6 billion.

Market display

Market display from Coin360

Bitcoin (BTC) failed to maintain support for $ 6,700, dropping below the $ 6,600 price tag over the course of the day. The highest cryptocurrency is down 1.8 percent in a 24-hour period and at the time of printing it trades around $ 6.539. Shortly after testing yesterday's $ 6,700, Bitcoin again fell below its weekly and monthly earnings, down by 2.1 and 6.5 in the last 7 days and 30 days respectively. Also the Bitcoin domain on the market is down about 0.6% in the day.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index

In contrast, Ethereum (ETH), the second cryptocurrency by market capitalization, is seeing some gains today. Ethereum has increased by 1.8 percent in the last 24 hours, trading around $ 231. The upper altcoin saw some fluctuations in the day, with its daily intraday minimum of $ 215.

Ethereum 7-day price table

Ethereum 7-day price table. Source: Cointelegraph Ethereum Price Index

The third Cryptocurrency Ripple summit (XRP) saw more gains over 24 hours. The XRP is almost 3% in the day, trading at around $ 0.56. While monthly growth of over 60 percent represents a rising trend in long-term prices, Ripple is slightly down during the week, with losses of around 2 percent. Ripple's market capitalization is about $ 1.18 billion less than the market share of Ethereum, amounting to about $ 22.26 billion at the time of printing.

7 days price chart ripple

7 days price chart ripple. Source: Cointelegraph Ripple Price Index

Total capitalization was around $ 220 billion during the day: at the time of the press, total market capitalization is approximately $ 221 billion. The number of cryptocurrencies listed on CoinMarketCap has decreased, with a total amount lower than 2,000.

7-day chart of total market capitalization

7-day chart of total market capitalization. Source: CoinMarketCap

While most of the top 20 cryptocurrencies have not been able to maintain weekly earnings, some currencies have managed to maintain significant momentum despite daily losses or relatively small gains. Bitcoin Cash (BCH) is recording the biggest gains in the last 7 days, almost 12% in the week, which follows a major recovery at the start of this week. The currency is down about 0.9% over a period of 24 hours and is trading at $ 537.

Stellar (XLM), the sixth largest currency by market capitalization, has increased by 6.9 percent in the last 7 days, also recording modest gains in the last 24 hours. Up to around 0.25 during the day, Stellar is trading at $ 0.254 at the time of printing.

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