Recap of the Top Five Cryptos
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -2.33% in aggregate. Leading the way was Litecoin, whose price is now around...
Recap of the Top Five Cryptos
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -2.33% in aggregate. Leading the way was Litecoin, whose price is now around $117.27 USD, which yielded holders a return of 0.42% from the day prior. As for the worst performing crypto out of the Big Five, yesterday that was Bitcoin; it came in at down 5.73%, which drove its price to around $11646.65 USD. One of the coins had up days, which indicates almost the entirety of the sector as a whole moved down.
Key Technical Moves
None of the coins had surprising moves, in the sense that the prices fluctuated within the typical range they have been fluctuating between over the past few weeks. Technical traders may also wish to note the following developments in price action:
- If you are looking for coins in a clear uptrend, consider Bitcoin and Ethereum. Those two have been in a clear uptrend over the past 14 days.
- Currencies without a clear trend over the past two weeks are XRP and Bitcoin Cash. If you prefer choppy, rangebound markets, they might be up your alley.
Buy Ripple using a credit card
What Does Transaction Data Tell Us?
The blockchain that saw the most transactions recorded on its blockchain over the past day was Ethereum; its 982,592 transfers added was about 90% greater than the transactions recorded on Ripple, which was the runner up for transactions logged on its chain over the past 24 hours. Ethereum has a transaction fee greater than the transaction fee of Ripple, which may indicate that consumers are opting for Ethereum in spite of its higher fees. Bitcoin was the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $273,760,352 US dollars. The circulating value of all Bitcoins now comes in at approximately $209.63 billion US dollars — which means Bitcoin accounts for about 62.54% of the entire cryptocurrency market, an amount that continues to grow even as Bitcoin’s price has fluctuated up and down a bit over the past few days.
Article by SixJupiter
The post Bitcoin cools off, tumbling 5.73%, but uptrend still intact appeared first on Coin Insider.
source https://www.tokentalk.co/CoinInsider/bitcoin-cools-off-tumbling-573-but-uptrend-still-intact-5d1785615c8e01e04fca1168
No comments:
Post a Comment