Bitcoin Price Pushes Near 6,600, With Most Top Coins Seeing Limited Price Action

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According to recent data released by Coin360, there has been very little volatility in the cryptocurrency markets with majority of the top coins seeing losses and gains pegged around the 10 percent mark.

Among the top ten digital currencies, Ripple (XRP) is the only cryptocurrency that is down by 3 percent and currently exchanging for $0.52. While Ripple enjoyed a smooth ride in September which saw it briefly over took Ethereum as the second largest cryptocurrency by market cap, the asset has had a shaky start this month and currently trades 15 percent lower than its intra week high of $0.61 seen on September 30. Notwithstanding, a look at its monthly data shows that Ripple is up by an impressive 57 percent.

The leading cryptocurrency Bitcoin is also seeing little activities for the day and currently trading around the $6,580 price mark as at press time. And since trading above $6,600 within the week, Bitcoin has witnessed two price corrections. Although, the leading digital asset dipped below the $6,500 threshold, it has quickly reclaimed some grounds and now holding on quite strongly. Interestingly, Bitcoin is just one percent down for the week and only 2.5 percent down for the month.

Having enjoyed some decent gains in the last couple of weeks, Ethereum (ETH) is down by a meager 0.15 percent in the last 24 hours and currently trading at $222. Although, the price of the second largest cryptocurrency did plummet to as low as $215 on September 29, the leading altcoin has recovered its losses and holding up quite nicely for the week. For the week, Ethereum is almost on break even, up by 0.6 percent. However, for the month, Ethereum is down by 2.8 percent.


The remaining top ten cryptocurrency listed on Coinmarketcap are currently seeing losses capped around the 1 percent threshold.

In the last 24 hours, Bitcoin Cash (BCH) is reported to be down 1.14 percent and currently exchanging hands for $511.51. Elsewhere, EOS (EOS) is down only 0.33 percent and currently trading at $5.73.

In other related developments, the U.S. Securities and Exchange Commission (SEC) has announced a new time frame for reviewing proposed rule changes related to applications it has received to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs).