Cryptographic markets see few gains as most of the best coins fall


Sunday, August 26: After a brief recovery yesterday, the cryptographic markets have declined again, with only three of the top 10 market capitalization cryptocurrencies to see green today.

  Market display "src =" https: // "title =" Market display "/> </p>
<p dir= Market view from Coin360

Bitcoin (BTC ) is one of the lucky ones, less than 1% on the day, trading at $ 6,740 at the time of the press. The cryptocurrency has also managed to keep the weekly earnings, which represent 2%, having peaked at $ 6,778. Yesterday, Bitcoin fell to a low of $ 6,587 before today.

  Bitcoin 24-hour price chart

Bitcoin 24-hour price chart Source: Cointelegraph Bitcoin Price Index

After an increase in about $ 282 yesterday, Ethereum (ETH) is now down 2% to trade at $ 272 at the time of printing.

  Ethereum Price Chart "src =" https: // s3. uploads / view / 8383dd46d6028a9224161b0ee16651d9.png "title =" Price Chart of Ethereum "/> </p>
<p style= Grafic o Ethereum prices Source: Ethereum Cointelegraph price index

The total market capitalization of all currencies has increased slightly in the last 24 hours, after reaching an intra-day low of 212 billion dollars, is currently 218 billions of dollars, compared to yesterday's maximum of $ 216 billion.

  Graph of total market capitalization

Total market capitalization graph. Source: Coinmarketcap

Bitcoin continues to increase its dominance on the market, with a market share of 53.3% at the time of printing, compared to 51.5% a week ago.

  Bitcoin's total market share

Bitcoin's share of total capital market Source: Coinmarketcap

IOTA is the only cryptocurrency in the top ten by market capitalization has grown by over one percent in 24 hours at the time of printing – in fact, it gained up to 12.5 percent, to trade at $ 0.60.

In terms of earnings, one of the biggest winners is Tezos (XTZ), up 97% on the week and trading at $ 2.64 at the time of printing.

Yesterday, Fundstrat's research leader Tom Lee said in an interview with CNBC that the cryptocurrency "could end the year explosively higher", citing a correlation between it and markets in growth, and claiming that it still believes that Bitcoin could hit $ 25,000 by the end of 2018.

According to Lee, the "tide is changing" for both Bitcoin and emerging markets, especially if the US Federal Reserve slows its interest rates increase.

[ad_2]Source link