Crypto market is seeing a rising wave since yesterday as the cryptocurrency and blockchain ecosystem is seeing some support from govt. and institutional entities. Following an immense sell-off started on 24th 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, following a small price hikes at several intervals of the day.
The major cryptocurrency Bitcoin [BTC] is up around 1.5% over the past 24 Hrs, and is currently trading at a price around $6,619.05 USD at the reporting time. The most popular cryptocurrency 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 seeing additional gains over the day, currently at a price around $224.82 USD at the reporting time. In line with Ethereum Market Index, the digital currency is up by 2.81% over the past 24 Hrs.
The third prime cryptocurrency, Ripple [XRP], is up 0.36% over the past 24 Hrs, 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 seen a sudden rebound with total capitalization bouncing back higher than $220 Bln. At the reporting time, total crypto capitalization is around $220.624 Bln.
While total capitalisation continues to grow within the crypto market, Bitcoin’s dominance within the markets has slightly declined, seeing a decrease from over this months high of 53 % of market share to around 52.20 % at the reporting time.
Ethereum [ETH] and EOS [EOS] are seeing the largest gains over the past 24 Hrs among the top 10 cryptocurrency 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 all the biggest investment banks within the U.S. ‘Goldman Sachs’, led a $25 Mln strategic funding scheme for blockchain payments platform ‘Veem’. The corporate however has recently denied rumors about its unofficial plans to line up its own crypto trading desk.
While as reported by EtherDesk yesterday, Switzerland-based firm SEBA Crypto AG has raised around hundred million Swiss francs to launch its own bank offering crypto-related services.