Home Analysis After A Long Bearish Run, Cryptocurrency Market Sees Green

After A Long Bearish Run, Cryptocurrency Market Sees Green

November 22, 2018 06:56
|
Share with your friends

The cryptocurrency market has lately started seeing green, after a long red. Drop in the price of currencies have slowed and provided a short-term relief.

Market visualization, Source: Coin360

Bitcoin (BTC) after losing more than 15 percent yesterday, managed to climb the green today. It bounced up 4.64% and reached at the price of $4,603 at the time of publication. The dominant cryptocurrency has lost over 21 percent in the past seven days.

Bitcoin 24-hour price chart, Source: CoinMarketCap
Advertisement

Ripple (XRP), second cryptocurrency on the chart has gone 4.47% percent in last 24 hours and reached up to $0.448. According to CoinMarketCap, altcoin has a market cap of around $18.04 billion, this week it reached the maximum level of $20.8 billion on 18th November.

XRP 7-day price chart, Source: CoinMarketCap

At the Press time, the third major cryptocurrency Ethereum (ETH) has gone up 6.44% in last 24 hour and was trading at $136.92.

ETH 24-hour price chart, Source: CoinMarketCap

Bitcoin Cash (BCH) has also gone up 5.83% lately and secured a price of $236.36 at press time. Though the coin has lost most this week, dropping more than 40 percent in last seven days.

The top 30 cryptocurrencies are in green for now, and the market seems to be modest, according to CoinMarketCap.

The total market cap has gone up to $150.6 billion, with a 24-hour trade volume of $17.75 billion under 53.1% of bitcoin dominance. The highest point achieved in last days was around $189 billion on 15th November.

Total market capitalization 7-day chart, Source: CoinMarketCap

Yesterday, Crypto-News India reported that BTC has been experiencing a free-fall as bears were speeding the market.

Nishchay Pushpad is a full-time writer at Crypto-News India. He is a Journalism graduate and major in Mathematics. He has three years of writing experience and worked with Bennett Coleman group in India. Nishchay writes about the latest news in Blockchain and cryptocurrencies. His enthusiasm and keen interest in developing his knowledge about blockchain and cryptocurrencies led him to Crypto-News India. In his spare time, he is involved in photography and travel. He currently does not hold any value in Bitcoin or other currencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here