[ad_1]
Sunday, November 8: cryptography markets are seeing mixed signals after a recent recession, with the first 20 cryptocurrencies mainly in the green, as shown by Coin360 data. Bitcoin (BTC) suffers minor losses, while Stellar (XLM) is the only major currency to grow steadily over the weekend.
Market display from Coin360
Similar to most major currencies, Bitcoin (BTC) is seeing mixed signals with its price floating around $ 6,400 at the time of printing. During this week, the most important cryptocurrency had its main peak on Wednesday, November 7, trading over $ 6,500 at the time, and then slightly decreasing by the end of the week.
Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin price index
The second largest currency, Ethereum (ETH), is in the green after several days of decline during the week, trading at around $ 212 at the time of printing. Tuesday, November 6, Ripple (XRP) briefly passed Ethereum by market capitalization, repeating a pattern that occurred several times this year. However, the following day, on 7 November, the currency reacquired its position.
Ethereum 7-day price table. Source: CoinMarketCap Ethereum Price Index
Ripple (XRP) is around zero percent of the day's change with its price at $ 0.50 at the time of printing. After a short take-off at the beginning of the week peaking at 6 November, when the XRP was trading at $ 0.55, the currency returned to moving averages.
7 days price chart ripple. Source: CoinMarketCap Ripple Price index
The total market capitalization of all cryptocurrencies is about $ 213 billion at the time of the press, surpassing $ 214 billion over the weekend and thus going slightly behind, but still higher than the $ 207-210 billion levels held in October. Daily trading volumes on November 11 reached $ 11.7 billion at the time of printing.
Weekly chart of total market capitalization. Source: CoinMarketCap
Stellar (XLM) is one of the top 20 currencies that earned the most price, with a 5% increase from the time the press was traded at $ 0.26, while Cardano (ADA) earned more than 2% during the day. Monero (XMR), in turn, is in red, seeing the most visible loss – down 2.5 percent on the day to press time – among the major currencies.
The weekend is marked by ongoing legal battles with encrypted companies not registered in different countries.
In the United States, the Colorado State Securities Commissioner issued an order to suspend and withdraw four Initial Coin Offerings (ICOs) to allegedly offer non-registered securities. In the meantime, Germany's financial regulator has ordered the partial cessation of activities by a UK-based encrypted company offering cross-border trade on its platform. And in South Korea, the Zeniex encryption platform has been forced to close amid the recent government crackdown on unregistered crypto trade.
The Chinese mining giant Bitmain also initiated a lawsuit in the United States, citing an anonymous hacker for the alleged $ 5.5 million cryptocurrency theft from the Bitmain account on Binance in April.
[ad_2]Source link
