- Bitcoin and major altcoins stay unchanged in tight ranges.
- Stellar is the growth leader among top-10 coins.
- Bitcoin futures trading volumes increased significantly in Q3.
All major coins doze in tight ranges amid quiet and uneventful trading. Low activity and declining trading volumes promise more consolidation ahead.
Bitcoin hovers around $6,450, unchanged since this time on Wednesday. The digital coin No. 1 gave up most of Monday’s gains, but it is still well above the recent lows registered at $6,060.
Ethereum and Bitcoin Cash are showing small losses as both coins are trading down 1.4% since this time on Wednesday. ETH/USD is changing hands at $207 at the time of writing, while BCH/USD keeps close to $460, moving along with technical factors and speculative positioning.
Ripple’s XRP, the third largest digital asset with the current market value of $18.7B, flirts with $0.4800 amid directionless trading.
Stellar coin has become a growth leader of the day with over 5% gains on a day-on-day basis. XLM/USD is changing hands at $0.2413, down from Wednesday’s high above $0.25.
Meanwhile, CME Group announced on Twitter that Bitcoin futures experienced strong growth of trading volumes in Q3, demonstrating a significant improvement from Q2 figures.
“In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2.”
According to CME’s data, the average daily trading volumes in Bitcoin futures spiked above 5,000 contracts from 3,577 in Q2 and just 1,854 contracts in Q1.
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