Here’s a look at the performance of the Top 10 cryptocurrencies – by 24h trading volume – on the CryptoCompare chart, as well as winners and losers across the board.
Updated at 10am (UK GMT+1) August 9th, 2018..
The Top 10, as of 7.10am (UK GMT+1) August 9th, 2018 looked like this…
After a week that has seen the major cryptocurrencies suffer, price-wise, the last 24hrs of trading ended with cumulative price movements that are small enough to allow the market to be characterised as going sideways. Frankly, after the fairly sharp falls of late-Tuesday/early Wednesday, the relative calmness comes with an almost palpable sense of relief.
It also, perhaps, suggests that the various influential voices out their trying to calm investor reactions to the SEC’s wariness over Exchange Traded Funds are being heard.
#bitcoin ETF delays are the new ‘China bans bitcoin’ in terms of knee jerk market reaction.
Sad, but predictable. pic.twitter.com/HIELmQwqYO
— Nick Cote – Pizpie (@mBTCPizpie) August 7, 2018
Only three coins on the Top 10 list – Ripple (XRP), CoinEx Token (CET), and Litecoin (LTC) – moved more than 2% in the last 24hrs. On the other hand, four – Ethereum (ETH), EOS (EOS), Bitcoin Cash (BCH) and Tronix (TRX) – moved by less than 1%, while following marked similar trajectories to Bitcoin
While the last 7-days of Bitcoin (BTC) trading have seen something close to $1,000 drop off its value, the last 24hrs amount to a muted rally of sorts. A look at the Trading View chart showing the last day’s USD/BTC activity on Bitfinex shows the majority of volume being exchanged in a three-hour period between 1pm-4pm (GMT+1) yesterday.
This increase in trading, which corresponds with the US coming online, initially pushed the BTC price down below the $6,200 for a brief time around 3pm, a price dip that appeared to trigger a flurry of trading that quickly boosted the value back above $6,500 for a time. The evening saw the market bolster BTC further, taking it – in spikes – over the $6,600 mark, before overnight business saw it recede back to around $6,450, where it now sits.
A daily boost of 1.5% may sound calm, but it was an interesting day that established a new support mark at its price low that’s worth watching out for in the coming days should the market turn down again. Here’s how that rally makes BTC’s performance look over the last seven days…
Here’s how Bitcoin’s price looks right now…
And here’s how the Top 10 looks at the moment, according to CryptoCompare…
Joining The Top 10
CoinEx Token (CET) moves back into the Top 10 on the back of over $100m of trading yesterday, after some time lower down on the trading volumes chart.
Leaving The Top 10
Biggest Movers by %
Within Top 10:
Ripple (XRP) makes the biggest move today, giving back the market-bucking gains it made over Wednesday as the Top 10 suffered more losses. Having hit its year-low only a couple of days ago, though, yesterday seemed to show that any recovery should be considered fragile for the time being. Here’s its performance over the last few days, including the serious fall it suffered to that low point on Tues/Weds.
Here’s how it looks right now…
Outside Top 10:
Here are Top 10 gainers in terms of price over the last 24hrs…
Notably, Auger (REP) also saw an uptick in its price after featuring on the biggest losers list yesterday – bringing some good news at the end of a wobbly week for the dApp darling, which has seen its low user numbers put its valuation under a spotlight.
Of what you could characterise as the ‘major’ monetary cryptocurrencies, only Stellar Lumens (XLM) made any big upward move today, adding 5% to its value. The move upwards comes after news that XLM will soon be traded on the Bitpanda Exchange, and that the team behind the coin has inked a deal to integrate the crypto into the Shift Markets platform, a white-label trading solution that provides that back-end facilities for 60 or so exchanges around the world.
— Bitpanda (@bitpanda) August 9, 2018
Here are the Top 10 losers.