The last couple of days has seen a rebound in the crypto markets with at least 19 out of the twenty top cryptocurrency seeing some gains. More interestingly, Bitcoin is once again trading at above $6,500 dollars, with many investors expecting a significant move within this new week.
While Bitcoin Cash (BCH) and NEM (NEO) have enjoyed most of the gains so far, majority of the top 20 cryptocurrencies have enjoyed around 0.5 and 2 percent growth.
Bitcoin, the leading cruptocurrency has enjoyed up to 1 percent growth within the last 24 hours, as at the time of writing this post, Bitcoin was exchanging hands at $6,539. A look at its weekly performance shows that the leading cryptocurrency by market cap is currently enjoying 3.2 percent growth within the last 24 hours.
Ethereum (ETH), the second the second leading cryptocurrency is also seeing a 1 percent growth in the last 24 hours, and exchanging for $207 as at press time. Having shed some of its gains on October 14 and dropped to as low as $195, the second largest cryptocurrency by market cap has seen a rebound of 3.7 percent over the past 7 days.
Also, reports suggest that Ethereum core developers have unanimously agreed to set aside the recent planned hard fork-Constantinople until 2019, while concluding that the planned upgrade of the network should now be referred to as an update rather than of a hard fork
Ripple the third cryptocurrency by market cap is up 0.8 percent in the last 24 hours and trading at $0.46 as at press time. While Ripple’s growth has been slow but steady, it has enjoyed more progress than most of the top twenty cryptocurrencies. In the last seven days, Ripple is up over 10 percent.
In the last couple of days, the total market cap for the crypto markets has seen a slight push up. As at press time, the total market cap has moved from $209 Billion to $210 Billion. Having experienced a decline to as low as $199 billion on Oct. 14, the total market cap has remained somewhat stable.
A look at the daily performs suggest that total market cap trading volume is around $9 billion, following a drop from its $10 billion threshold within the last 24 hours.