Tuesday, 9th Oct., Crypto market has taken a waving improvement with Bitcoin [BTC] seeingasturdyboost 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 thetopcrypto market coin’s markedvaluestabilityrecently, proclaiming that Bitcoin had hititsinflectionlevelwith volatility at a 17-month low. The flipside to such steadiness, the article noted, is lowercommercevolumes,due tolower speculative involvement.
Whilea number ofBloomberg’s sourcesthought-aboutstability as a proofof “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 issimplyover 1%within thegreen zone, with monthly growthof 8%.
Ethereum [ETH] isequallyseeing a sturdyaction, upnearly1.98%and is currently trading at a price of $229.48 USD. Despite a dip as low as $218 USDearlyon its weekly chart.
Following this week, Ethereum [ETH] is around0.6%within thered zone while the monthly growth isclose 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 thered zone on its weekly chart. However, on the monthly chart its gainsis astonishing accounting nearlyto 70%.
The remaining top10 crypto marketcoins 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.