Crypto Markets Recovers Slightly, Ethereum, Tezos See Larger ProfitsNEWS
Saturday, September 15: the encryption markets are experiencing a slight recovery after yesterday's fall, with 17 of the top 20 cryptocurrencies by market capitalization in the green, according to data from CoinMarketCap.
Market display
Market display from Coin360
After falling below the $ 6,500 price yesterday, Bitcoin (BTC) has challenged the brand again, rising 1.6 percent in the last 24 hours, to trade at $ 6,533 in press time.
Bitcoin price
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index
Ethereum (ETH) is currently seeing some of the biggest gains among the top 20 cryptocurrencies by market capitalization. The largest cotcoin is quoted at $ 223, an increase of 6.7 percent in 24 hours to press time. Ethereum also rose 5.3 percent on the week, after falling to a low of $ 169 on September 12.
Price of Ethereum
Ethereum price chart. Source: Coherelegraph Ethereum price index
The total capitalization of the market continues to oscillate around the $ 200 billion mark, currently at $ 204 billion.
Total market capitalization
Graph of total market capitalization. Source: Coinmarketcap
Following the recent announcement of the next major launch of Tezos (XTZ) scheduled for Monday, September 17, the biggest gains have been recorded among the 20 main currencies of the day. XTZ is trading at $ 1.68 in press time, up 26.4 percent in the last 24 hours.
Litecoin (LTC) and Monero (XMR) have also seen considerable gains since yesterday. Litecoin rose 5.2 percent, trading at $ 57 at the time of publication, according to the Cointelegraph price index. Monero, which focuses on privacy, currently occupies the ninth place by market capitalization, has gained 5.8 percent and is quoted at almost $ 120 from the time of publication.
Dogecoin (DOGE) is one of the few cryptocurrencies that has seen some losses in the day. Altcoin fell 0.6 percent and traded at $ 0.006148 at the time of publication, but has still increased 8 percent in the last 7 days.
Yesterday, the Silicon Valley venture capitalist and well-known Bitcoin evangelist, Tim Draper, predicted that the combined limit of the cryptocurrency market will reach 80 billion dollars over the next 15 years, citing the variety of markets that will be transformed by the industry. of cryptocurrencies.
The most recent green wave comes after Galaxy Digital Capital Management CEO Mike Novogratz rated the price at least in the encryption markets.
Yesterday, US equity broker EF Hutton said they planned to issue $ 60 million in various cryptographic instruments by January 2019, after confirmation that the company will also sponsor the next US ACEx cipher exchange. UU
On September 13, Bloomberg quoted anonymous sources as saying that the US banking giant Morgan Stanley plans to offer Bitcoin exchanges, allowing its clients to exchange derivatives without having the real cryptocurrency.