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Tuesday, November 4: most of the first twenty cryptocurrencies are in the green, having overcome yesterday's losses, with Bitcoin (BTC) hovering under the sign of $ 4,000.
Market display from Coin360
During the day, Bitcoin was trading in a narrow corridor between $ 3,768 and $ 4,091. At the time of printing, the currency traded at around $ 3,948, up 1.61% on the day.
On its weekly chart, BTC reaches a low $ 3,755 before reaching a maximum of $ 4,404. Today, the CEO of the Japanese fintech company and encryption operator Quoine has predicted that BTC will "exceed" its historical highs by the end of 2019, noting that "there is nothing new, no catalyst" in the immediate future to get prices back on.
Bitcoin 7-day price chart. Source: CoinMarketCap
The second largest encryption by market capitalization Ripple (XRP) is trading around $ 0.352, after gaining 0.83 percent of the day at the time of printing. Today, the currency fell to the lowest price of the week at $ 0.349, while the maximum of the infrastructure was $ 0.399 on November 28th.
7 days XRP price chart. Source: CoinMarketCap
Ethereum (ETH) maintains its position as the third largest currency by market capitalization, which is over $ 11.4 billion at the time of printing. ETH is trading around $ 110, up 1.68% over the day at press time. On the 30-day chart, ETH is in a solid downtrend, down from a high of $ 221.62 on November 7th.
Ethereum 30-day price table. Source: CoinMarketCap
At the time of the press, the main losers in the first 20 cryptocurrencies are Bitcoin Cash (BCH) and EOS, which are down more than 6% during the day and are trading at $ 149 and $ 2.43 respectively. Bitcoin SV (BSV) – which was created in November of this year after the hard fork of BCH – is also in red, trading at around $ 91, down nearly 3 percent of the day, according to CoinMarketCap.
Cardano (ADA) and Ethereum Classic (ETC) are down 0.42% and 2.50% in the last 24 hours and at the time of printing are trading at around $ 0.03 and $ 4.51, respectively.
The total market capitalization of all cryptocurrencies is about $ 126.9 billion at the time of printing, according to CoinMarketCap. The daily trading volume of all coins is $ 13.5 at the time of printing.
24-hour chart of total market capitalization. Source: CoinMarketCap
Today, the second largest stock exchange in the world, the Nasdaq, has confirmed that it plans to launch Bitcoin futures in the first half of 2019. According to reports, "enough effort has been made to [the question of regulatory approval] academic […] we are doing it and it is happening ".
At the same time, Ehud Barak, former Israeli prime minister, compared digital currencies with Ponzi systems. However, Barak stressed that blockchain technology and smart contracts are important and useful technological and mathematical concepts.
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