Cryptocurrency market update: Bitcoin and major altcoins stay green, Bitcoin SV defies gravity


  • The cryptocurrency market retains bullish sentiments with all major coins staying green.
  • Bitcoin is mostly unchanged, while altcoins demonstrate positive momentum.

Bitcoin and al major altcoins stay bid during early Asian hours on Wednesday. The total capitalization of all digital coins in circulation hit $250 billion, while an average daily trading volume exceeded $80 billion, according to the statistics provided by CoinMarketCap. 

The marker movements have been mainly dominated by speculative sentiments, including FOMO around Bitcoin SV and Craig Wright's copyright for Bitcoin's white paper.

The US SEC received another request for a change of listing rule that would allow it to list shares in a bitcoin investment trust; however, the regulator seems to be in no hurry to decide on bitcoin issues as it has postponed the verdict on VanEck's ETF once again.

Top-3 coins price overview

  • Bitcoin is changing hands at $7,954, mostly unchanged since the beginning of the day. The first digital coin made another attempt to break above $8,000, but the upside momentum is not strong enough to clear the strong resistance. 
  • Ethereum, the second largest digital asset with the current market capitalization of $27 billion, is trading at $257, having gained 2% since this time on Tuesday.
  • Ripple's XRP is on a recovery mode. The coin returned to the area above $0.40 to trade at $0.4030 by the time of writing. XRP/USD is up nearly 3% on a day-on-day basis.

The biggest market-movers

  • Bitcoin SV (BSV) remains an uncontested growth leader of the day. The 11th largest coin is changing hands $119.00, which is over 83% higher than this time on Tuesday. Read more on Bitcoin SV here.
  • Binance Coin (BNB is another market leader. The coin has gained over 8% in recent 24 hours to trade at $31.14 by press time. The coin reached an all-time high at $32.88 on Tuesday.


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 price prediction BTC, ETH, XRP: Building on future profits

Bitcoin has recovered above $8,000 to trade at $8,220 at the time of writing. However, the upside momentum seems to be fading away as all major digital assets are nursing marginal losses during early Asian hours on Monday.

More Bitcoin News

Ethereum market update: ETH/USD range-bound amid low trading activity

ETH/USD bottomed at $168.35 on October 18 and, having recovered above $170.00 entered a range-bound phase. By the time of writing, the second largest coin settled at $174.30, amid slow trading activity.

More Ethereum News

Ripple price prediction: XRP/USD stuck at $0.29 – Confluence Detector

Ripple’s XRP is changing hands at $0.2900, off the recent high registered at $0.3041. Now the third-largest digital asset with the current market value of $12.5 billion has stayed unchanged in recent 24 hours amid range-bound trading on the global cryptocurrency market. 

More Ripple News

Litecoin: LTC/USD falling wedge pattern hints breakout

Litecoin is grinding closer to a falling wedge pattern likely to correct the extended downtrend. The zone at $50-53 becomes a viable support area capable of halting massive declines.

More Litecoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast

BTC

ETH

XRP