Recap of the Top Five Cryptos
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -0.47% in aggregate. Leading the way was XRP, whose price is now around $0.2...
Recap of the Top Five Cryptos
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -0.47% in aggregate. Leading the way was XRP, whose price is now around $0.270664 USD, which yielded holders a return of 0.62% from the day prior. As for the worst performing crypto out of the Big Five, yesterday that was Ethereum; it came in at down 2.36%, which drove its price to around $186.58 USD. Out of the five coins observed here, two cryptocurrencies were up — which is a mixed sign for the crypto sector as a whole.
Price Patterns to Monitor
None of the coins had moves that could be regarded as unusually large; all the moves were within the volatility ranges we’ve come to expect for each currency. Traders may also wish to bear in mind the following events going on regarding current price patterns:
- If coins without a clear trend are your thing, consider XRP, Bitcoin, Bitcoin Cash, and Ethereum. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.
- Litecoin is in a clear downtrend on a two-week timeframe. This could an interesting opportunity for short-sellers.
Insights from the Blockchains
Ethereum recorded 707,239 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 135% over Bitcoin, which had the second-most transactions recorded on its chain. Ethereum’s transaction fee is less than Bitcoin’s transaction fee; in and of itself, this may imply transaction fees might be a key reason why users are preferring Ethereum.
The largest transaction in the cryptocurrency space yesterday, coming in at a value of $121,448,528 occurred on Bitcoin’s chain. The circulating value of all Bitcoins now comes in at approximately $184.95 billion US dollars — which means Bitcoin accounts for about 68.33% of the entire cryptocurrency market. Note that Bitcoin’s dominance level has been in an unclear trend, moving between 67.16% to 68.64% over the past two weeks.
Article by SixJupiter
The post Cryptos quietly trade, as Litecoin remains only crypto in a clear downtrend appeared first on Coin Insider.
source https://www.tokentalk.co/CoinInsider/cryptos-quietly-trade-as-litecoin-remains-only-crypto-in-a-clear-downtrend-5d63b6112acedc681ba2eea8
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