Thursday, Oct. 4: cryptocurrencies are today posting modest gains market-wide. All of the top twenty coins by market cap are tipping into green, as data from Coin360 shows.
Market visualization by Coin360
Bitcoin (BTC) is up by 1.2 percent on the day, trading around $6,573 as of press time. Following a bullish high of $6,783 at the start of its weekly chart, the top coin saw two subsequent price corrections (Sept. 29 and Oct. 3), yesterday briefly dipping below the $6,500 threshold.
On its weekly chart, Bitcoin is now 1.5 percent in the red. Monthly losses are pushing a stark 10.6 percent.
Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index
Ethereum (ETH) is seeing fractionally more growth, up 2.3 percent on the day to trade at $223 at press time. After a steep price hit Sept. 29 to trade as low as $215, the leading altcoin recovered to push above $235 Sept. 30, before a period of depressed price performance in the days through Oct. 3.
Ethereum’s market cap is around $22.87 billion, sustaining a slight margin ahead of Ripple (XRP), which today has a market cap of $21.3 billion.
On the week, Ethereum’s losses are now at 2.25 percent; on the month, the altcoin is down around 21.5 percent.
Ethereum 7-day fee chart. supply: Cointelegraph Ethereum price Index
Ripple (XRP) is up 1.3 percent to exchange at $0.fifty three. in advance nowadays, Cointelegraph mentioned that the Ripple-powered customer bills app “MoneyTap” went stay for japanese users Oct. 3. the brand new product has been evolvedcollectively with SBI Holdings, and is to start with to be had for account holders at three essential eastern banks.
Ripple saw unprecedented boom in September, when it briefly outflanked Ethereum to claim the second one spot rankingon CoinMarketCap listings. these days, however, Ripple’s weekly chart is sort of one percentage within the crimson. on themonth, Ripple remains up an excellent sixty two.6 percentage.
Ripple 7-day price chart. Source: Cointelegraph Ripple Price Index
The remaining top ten coins listed on CoinMarketCap are all in the green, capped within a 2.5 percent range. EOS (EOS) is up 1.8 percent to trade at $5.69, while Litecoin (LTC) is up 1.3 percent at $58.53. Other top ten coins are all seeing growth of under one percent.
In the context of the top twenty, 24-hour growth is more robust, with NEM (XEM) up a strong 4.5 percent on the day. Notwithstanding a dip yesterday, the token has seen strong price performance on its weekly chart.
NEM’s 7-day price chart. Source: CoinMarketCap
Total market capitalization of all cryptocurrencies is around $218.7 billion as of press time, after seeing an intra-week low yesterday at $214.1 billion.
7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap
As investors enjoy a welcome flush of green market-wide, there has similarly been bullish news for the blockchain industry. Technology research firm ReportLinker has suggested that blockchain technology in the U.S. manufacturing sector will grow significantly over the next five years, set to hit over $500 million by 2025.
According to this week’s Diar report, “traditional” venture capital (VC) investment in blockchain and crypto firms has almost tripled in the first three quarters of 2018, with blockchain and crypto-related firms sealing almost $3.9 billion in VC capital.