Wednesday, September 26: following a moderate promote-off, crypto markets are seeing every other flush of inexperiencedwith in reality all the top one hundred cryptocurrencies with the aid of market cap inside the green. profits among the top20 cash via marketplace cap are reaching over 20 percentage over the past 24 hours to press time.
Market visualization from Coin360
Bitcoin (BTC) is slightly up and trading above $6,500 price point today. The leading cryptocurrency increased by about 2 percent over a 24 hour period, and trades at around $6,524 at press time, seeing around 3 percent growth over the week. Yesterday, Bitcoin’s price had dropped to as low as $6,366, following a sharp surge to above $6,700 on September 21.
Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index
The current second cryptocurrency by market cap, Ethereum (ETH), has seen more gains today, up almost 5 percent over a 24 hour period and trading at about $220 as of press time. Yesterday, the altcoin had plunged to as low as $206, and the current price point is still 20 percent down over the past 30 days.
Ethereum 7-day price chart. Source: Cointelegraph Ethereum Price Index
Ripple (XRP), which is now the third top cryptocurrency by market cap, has seen one of the biggest gains among the top 20 coins by market cap, also having managed to briefly overtake Ethereum in terms of market capitalization for the second time in a week. The cryptocurrency is up 16.5 percent over a 24 hour period and trading at $0.53, with its market cap amounting to about $21 billion — roughly one billion less than the current market cap of Ethereum.
Earlier today, financial services company SBI Holdings announced it had acquired a payments license from Japanese regulators to operate a blockchain-based smartphone application running on Ripple.
Ripple 7-day price chart. Source: Cointelegraph Ripple Price Index
Total market capitalization is currently reflecting the crypto market’s rebound, amounting to about $217 billion at press time. However, the current capitalization point is still somewhat down from the recent highs of $228 billion. The daily trade volume of the market now constitutes to more than $15.8 billion, with the total number of trading cryptocurrencies equal to 2,003.
7-day total market capitalization chart. Source: CoinMarketCap
Bitcoin coins (BCH) has seen the largest gains nowadays in terms of the top 20 coins by means of market cap. The digitalcurrency is trading at about $517 at press time, seeing 19 percent growth over the last 24 hours and weekly gainsamounting to around 20 percent.
the day past, the Switzerland-based bank for global Settlements (BIS) released a report mentioning at a robustcorrelation among cryptocurrency charges and information on global regulatory actions in the industry.
recently, French parliament’s lower house initiated a debate about the regulatory framework for preliminary Coin offerings (ICOs), aiming to undertake a sustainable improvement of “liberated agencies which are better funded, moreinnovative and fairer.”
the brand new wave of inexperienced on crypto markets is also coming amidst the recent news of the the imminentbodily Bitcoin futures set to be launched by way of Intercontinental alternate (ICE), which operates the the big apple stockalternate (NYSE). the primary services of ICE’s Bakkt cryptocurrency platform will reportedly take the form of bodily BTC futures — aiming to create a “regulated surroundings” for institutional traders — with the first contracts to be available in at least 3 fiatcurrencies, along with the U.S. greenback, British pound sterling and euro.