Crypto market is seeing a rising wave since yesterdayas thecryptocurrency and blockchainecosystemis seeing some support from govt. and institutional entities. Following an immense sell-off started on24th Sept., the crypto market is seeing its second rebound of this month, with daily trading volume now amounting more than $16.5 Bln’s.
On the top of all the digital currencies, the top ten cryptocurrencies by market cap, crypto market have seen a firm growth over the past hours, followinga smallprice hikesat several intervals ofthe day.
The major cryptocurrency Bitcoin [BTC] is up around1.5%over the past 24 Hrs, andis currently trading at a price around $6,619.05 USD at the reporting time.The most popularcryptocurrency Bitcoin [BTC] is still down to over 2.7% since this months peak price.
The second most popular crypto market’s cryptocurrency Ethereum [ETH] is seeingadditionalgains over the day, currently at a price around $224.82 USD at the reporting time.In line with EthereumMarket Index, the digital currency is upby 2.81%over the past24 Hrs.
The thirdprimecryptocurrency, Ripple [XRP], is up 0.36%over thepast 24Hrs, presently trading at a price of around $0.528 USD at the reporting time. Following unexpected growth this week, the altcoin is up by almost around more than 60% since the past month.
Crypto market have seena suddenrebound with total capitalization bouncing backhigher than$220 Bln. At the reporting time, total cryptocapitalizationis around $220.624 Bln.
While totalcapitalisationcontinues to grow within the crypto market, Bitcoin’s dominancewithin themarkets has slightly declined, seeing a decrease from over this months high of 53%of market shareto around 52.20 %at the reporting time.
Ethereum [ETH] and EOS [EOS]areseeingthe largestgains over the past24 Hrs amongthe top 10cryptocurrency list by market capitalization. As per Coinchangelly’s Price Index, ETH is higher by 2.81% while EOS is higher by 2.85% for today. EOS is currently trading at a price of around of $5.79 USD, at the reporting time.
While today,one in allthe biggestinvestment bankswithin theU.S. ‘Goldman Sachs’, led a $25 Mln strategic fundingschemefor blockchain payments platform ‘Veem’.The corporate howeverhas recently denied rumors about itsunofficialplansto lineup its own cryptotrading desk.
While as reported by EtherDesk yesterday, Switzerland-based firm SEBA CryptoAGhas raisedaround hundred million Swiss francsto launchits own bank offeringcrypto-related services.