• Bitcoin has stuck in a tight range as altcoins are recovering.
  • Ripple's defies gravity with over 16% of growth.

Most major altcoins are growing rapidly, while Bitcoin stays paralyzed in a tight range below $10,300. The total market capitalization of alll digital assets in circulation jumped to $271 billion - mostly due to altcoins recovery; average daily trading increased to $63 billion, while Bitcoin's market dominance retreated to 67.8%, which is the lowest level in more than a month.

What’s going on in the market

A leading Japanese messaging app, Line, has launched a cryptocurrency exchange Bitmax. The platform offers five digital assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC).
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VanEck withdrew a proposal for Bitcoin ETF ahead of the SEC’s review scheduled on October 13.
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Top-3 coins  price overview

At the time of writing, BTC/USD is changing hands at $10,220, mostly unchanged both on a day-on-day basis and since the beginning of Wednesday. The coin has been trading below $10,300 since the end of Monday amid low volatility. 

Ethereum, the second-largest digital asset with the current market capitalization of $22.8 billion has gained over 7% in recent 24 hours and 2.2 since the beginning of the day to trade at $212.87. A strong growth above critical $200.00 attracted new buyers to the market and pushed the price towards intraday high of $214.00. 

Ripple's XRP is the best-performing altcoin of the day with over 16% of growth in recent 24 hours. The third largest cryptocurrency asset with the market value of $13.0 billion catapulted above $0.30 and hit $0.3127 during early Asian hours before retreating to $0.3045 by the time of writing.

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Editors’ Picks

Consolidating Bitcoin Price May Be Setting Up Ethereum for a 30% Surge

Bitcoin’s multi-month consolidation in a giant descending wedge led altcoins to defy trader’s common logic and the majority of altcoins continued to drop to new lows instead of rallying. 

More Bitcoin News

Dash market update: DASH/USD grinding into a bull trap

Dash buyers are showing their bullish prowess on Tuesday. Generally, indecision clouds the majority of cryptocurrencies on the market. However, Dash is putting intense pressure on key levels with the main purpose being to break above the symmetrical triangle resistance.

More Dash News

Litecoin (LTC) price analysis: LTC/USD spends its 8th birthday in a range

Litecoin is stuck in a depressingly narrow range limited by $58.00 on the upside and $53.00 on the downside. At the time of writing, LTC/USD is changing hands at $56.27, the coin has barely changed both since the beginning of the day and on a day-on-day basis despite mild recovery among other top altcoins. 

More Litecoin News

Ethereum (ETH) market update: a trip to $200.00 delayed for now

ETH bottomed at $152.50 on September 26 and managed to claw back some ground. However, the upside momentum has faded away on approach to the next critical resistance area of $190.00-$200.00.

More Ethereum News


Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast