Crypto Markets See Slight Rebound, Bitcoin Trades Above $6,500 Again

Crypto markets maintain seeing a rebound, Bitcoin rises above $6,500 once more as 19 out of the 20 prime cash by market cap are within the inexperienced.

Sunday, Oct. 21: crypto markets have seen a slight rebound at present, with 19 out of the 20 prime cryptocurrencies by market cap within the inexperienced, and Bitcoin (BTC) again to trading above $6,500, based on CoinMarketCap.

Most of the highest 20 cryptocurrencies have seen a slight development inside 0.5 and a pair of %, whereas Bitcoin Cash (BCH) and NEM (NEO) have seen extra features at present, up 2.Four and 4.5 % over the previous 24 hours respectively.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin has seen development throughout the day, up nearly 1 % over the previous 24 hours, and having been trading above $6,500 for many of the day. The main cryptocurrency is trading at $6,539 at press time, which constitutes 3.2 % development over the previous 7 days.

Bitcoin 24 hour price chart

Bitcoin 24 hour value chart. Source: CoinMarketCap Bitcoin Price Index

Ethereum (ETH), the second largest cryptocurrency by market cap, can be up nearly 1 % over a 24 hour interval and trading at round $207 at press time. After having dipped to as little as $195 on Oct. 14, the most important altcoin has seen a rebound of three.7 % over the previous 7 days.

Yesterday, Ethereum core builders “formally” agreed to postpone the deliberate “exhausting fork” Constantinople till at the least January 2019, additionally having concluded that the improve of the community is quite to be referred to as an “replace” as a substitute of a “exhausting fork.”

Ethereum 24-hour price chart

Ethereum 24-hour value chart. Source: CoinMarketCap Ethereum Price Index

Ripple (XRP) is up 0.eight % over the day and is trading at about $0.46 as of press time. The third prime cryptocurrency by market cap has seen extra progress than most of prime 20 cash by market cap, up round 10 % over the previous 7 days.

Ripple 7-day price chart

Ripple 7-day value chart. Source: CoinMarketCap Ripple Price Index

Total market capitalization has seen a slight inflow over the day, up from $209 billion to $210 billion at press time. Since the rebound that adopted the drop-off of crypto markets to as little as $199 billion on Oct. 14, the market cap has been remaining steady, hovering round $210 billion over the week.

Daily commerce quantity continues to be round $9 billion, following a drop beneath the $10 billion threshold yesterday. The complete variety of all cryptocurrencies listed on CoinMarketCap quantities to 2,112 at press time.

Total market capitalization 7-day chart

Total market capitalization 7-day chart. Source: CoinMarketCap

Bitcoin trading group Whalepool have claimed that Bitcoin’s volatility is “unfairly” low of their tweet from Oct. 21, pointing to the BTC/USD volatility chart.

BTC/USD volatility

BTC/USD volatility. Source: Whalepool Twitter

In early October, Cointelegraph reported that Bitcoin had reached a 17-month low volatility price, with its highest degree of stability because the center of 2017. Following the worth stagnation, Cointelegraph has printed an professional evaluation on Bitcoin’s historic lows on volatility, in addition to the dynamics in 2018.

Original supply: https://cointelegraph.com/news/crypto-markets-see-slight-rebound-bitcoin-trades-above-6-500-again

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