- All major coins are growing strongly amid a combination of technical and fundamental factors.
- Bitcoin settles above critical technical level as the market poses for important SEC decision.
The news that the US SEC is about to make a decision about Bitcoin ETF reinvigorated the cryptocurrency market. All to-20 coins (except for Tether) are in the green zone, growing from 0.2% to 10% on a daily basis. The total value of the digital assets jumped to $220B from $213 on Tuesday.
Bitcoin rushed above $6,500 and touched $6,538 handle during early Asian hours before settling down at $6.528 by press time. The world’s biggest virtual coin broke an important technical level and gained nearly 2% since this time on Tuesday.
Ethereum is changing hands at $220, gaining 5.8% on a day-on-day basis. The second largest coin with the current market value of $22.5B is moving within a short-term bullish trend amid expanding volatility. The intraday high is reached at $223.
Ripple’s XRP had a very successful start of the week. The coin is trading at $0.5385, off the recent high touched at $0.5678 during Tuesday trading. XRP/USD has gained over 18% in recent 7 days to become one of the best-performing coins. On a daily basis, XRP is up 6%.
Bitcoin Cash is a growth leader. BCH/USD has grown 10% in recent 24 hours and touched $636 high during early Asian hours on Wednesday. The fourth largest coin continues pumping ahead of the hard fork scheduled on November 15, which makes it vulnerable to a sharp correction. Currently, BCH/USD is changing hands at $619.
TOP-20 leaders and outsiders of the recent 24 hours
- Bitcoin Cash and Ripple are the growth leaders with 10% and 6% gains respectively.
- Monero and Dash are outsiders with less than 1% gains.
What’s going in the crypto universe
The US Securities and Exchanges Commission stopped accepting comments about Bitcoin ETF, the regulator takes time to make a decision.
Dash Text service comes to Venezuela allowing the citizens to send digital coins with their mobile phones via text messages.
Ripple’s XRP once again overtook Ethereum by market value amid speculations of Apple Pay integration.
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