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Cryptocurrency Market Shows Marginal Movement

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Cryptocurrency Market

In the past 24-hours since press time, cryptocurrency market movement has remained quite humble. The top 20 cryptocurrencies by market cap are showing marginal price swings with the exception of a few.

So, let’s check out the performance of the overall cryptocurrency market and the top five cryptocurrencies.

Overall Cryptocurrency Market Movement

The one-day chart on CoinMarketCap shows a small surge in the overall crypto market cap. In one day, the market has added nearly $1 billion to overall valuations.

However, the weekly or 7 days chart shows some volatile price swings taking place. In the period between last Monday-Tuesday, cryptocurrency market lost 5% to make for a weekly low of just below $202 billion. While the market remained largely stable over the next three days, it has been back on the recovery trajectory since Thursday, November 1st.

Currently, the overall cryptocurrency market cap is $206.447 billion at press time.

Bitcoin Price Movement

At press time, Bitcoin (BTC) is up 0.24% and trading at $6352.76 with a market cap of $110.268 billion. Bitcoin has continued to show some price volatility in the last 24-hours with a $100 price range between $6325-$6400.

The low is $6327 and the high is $6400. The current Bitcoin dominance in the overall crypto market is 53.39%.

Ethereum Price Movement

At the press time, Ethereum (ETH) is at 0.22%, just kissing the $200 price value. The Ethereum market cap is $20.594 billion, roughly contributing to nearly 9% of the overall cryptocurrency market.

On Monday, October 29th, Ethereum slipped nearly 5% to make the weekly low of $195.

XRP Price Movement

The XRP price movement is taking a slight hit over the past 24 hour period. Currently, XRP is marginally negative, down 0.90%. XRP is trading at $0.455 with an overall cryptocurrency market cap of $18.3 billion.

The weekly charts are also more or less stable.

Bitcoin Cash Price Movement

The first Bitcoin derivative – Bitcoin Cash (BCH) – has posted a formidable 4.67% in gains in the last 24 hours. BCH is currently trading at a price of $472.14 with a cryptocurrency market cap of just over $8.2 billion. There’s a huge surge in the daily trading volume, currently around $549 million.

The weekly chart shows that BCH has gained over $50 USD in price since October 29th.

The overall cryptocurrency market still seems to be under uncertain regulatory pressure. As Bitcoin completed 10 years of its journey on October 31st, everyone is now looking to institutional financial players to drive the crypto markets ahead.

Risk Disclosure

This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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