Saturday 15 September: cryptography markets are undergoing a slight recovery after yesterday's drop, with 17 of the 20 largest cryptocurrencies for market capitalization in the green, according to CoinMarketCap data.
Market Display by Coin360
After dropping below $ 6,500 yesterday, Bitcoin (BTC) challenged the brand again, rising 1.6 percent in the last 24 hours, to exchange for $ 6.533 at the time of printing.
Bitcoin price chart. Source: Cointelegraph Price Index
Ethereum (ETH) is currently recording some of the biggest gains in the top 20 cryptocurrencies by market capitalization. The highest altcoin is trading at $ 223, up 6.7 percent in 24 hours for the press. Ethereum also grew 5.3% in the week, after falling to a low of $ 169 on 12 September.
Ethereum Price Chart Source: Cointelegraph Ethereum Price Index
Total capitalization continues to hover around $ 200 billion, currently at $ 204 billion.
Graph of total market capitalization. Source: Coinmarketcap
Following the recent announcement of the launch of the Tezos mainnet (XTZ) scheduled for Monday 17 September, it saw the largest gains in the top 20 coins of the day. XTZ is trading at $ 1.68 at the time of printing, up 26.4% in the last 24 hours.
Litecoin (LTC) and Monero (XMR) also recorded significant gains since yesterday. Litecoin increased by 5.2%, trading at $ 57 at the time of the press, according to Cointelegraph's price index. The privacy-focused Monero, currently in ninth place by market capitalization, is up 5.8% and trading at nearly $ 120 at the time of printing.
Dogecoin (DOGE) is one of the few cryptocurrencies that has seen some losses during the day. The altcoin fell 0.6% and traded at $ 0.006148 at the time of printing, but is still up 8% in the last 7 days.
Yesterday, the Silicon Valley venture capitalist and the well-known Bitcoin evangelist Tim Draper predicted that the combined cryptocurrency market hood will hit $ 80 trillion over the next 15 years, citing the variety of markets that will be transformed by the criptovalute.
The most recent wave of green comes after CEO of Galaxy Digital Capital Management Mike Novogratz has set a price lower than the crypto markets.
Yesterday, US brokerage firm EF Hutton said they are planning to issue $ 60 million in various cryptographic instruments by January 2019, following confirmation that the company will also sponsor the next exchange of US encrypted ACEx.
On September 13, Bloomberg quoted anonymous sources claiming that US banking giant Morgan Stanley is planning to offer Bitcoin exchanges, allowing its derivative derivative clients without holding the current cryptocurrency.