Tuesday, 9th Oct., Crypto market has taken a waving improvement with Bitcoin [BTC] seeing a sturdy boost since yesterday, even at the press time BTC sees an overall growth of around 0.76% and is currently trading over the $6,600 mark at $6,638.57 USD.
A Bloomberg article underscored the top crypto market coin’s marked value stability recently, proclaiming that Bitcoin had hit its inflection level with volatility at a 17-month low. The flipside to such steadiness, the article noted, is lower commerce volumes, due to lower speculative involvement.
While a number of Bloomberg’s sources thought-about stability as a proof of “maturity” while others deemed the low volatility-volume couple a capitulation: a parallel article thus wen far so as to conclude that Bitcoin is now boring.
Bitcoin [BTC] on its weekly chart is simply over 1% within the green zone, with monthly growth of 8%.
Ethereum [ETH] is equally seeing a sturdy action, up nearly 1.98% and is currently trading at a price of $229.48 USD. Despite a dip as low as $218 USD early on its weekly chart.
Following this week, Ethereum [ETH] is around 0.6% within the red zone while the monthly growth is close to around 17%.
Ripple [XRP] since yesterday is seeing an impressive growth of around 2.31% till today today while trading at $0.484 USD. However, at the time of reporting Ripple [XRP] is 0.09% in the red zone.
Until today’s growth, Ripple [XRP] had tapered off throughout most of early October: the token remains lower to 14.5% within the red zone on its weekly chart. However, on the monthly chart its gains is astonishing accounting nearly to 70%.
The remaining top 10 crypto market coins are all in the green zone for today except Tether. Out of the top 10 coins Cardano [ADA], EOS [EOS], Litecoin [LTC] and Ethereum [ETH] are the top gainers for the day with Cardano [ADA] up by nearly 2.93%, EOS [EOS] up by 2.99%, Litecoin [LTC] up by 2.48% and Ethereum [ETH] up by 1.98%.
The total crypto market capitalization of all cryptocurrencies is around $220.989 Bln as at the press time.