Crypto Market Gains $14.2B in 3 Days but Fails to Sustain Momentum

Crypto Market Gains $14.2B in 3 Days but Fails to Sustain Momentum
фото показано с : blokt.com

2018-11-8 19:44

The cryptocurrency market has been relatively stable in recent weeks. During the first three days of this week, however, the market finally ended its tranquil days as it continuously edged up higher eventually gaining $14.2 billion in value over three days. However, the market failed to sustain this upward trend and is now retracing some of those gains.

Market Rose Higher In 3 Days

The entire cryptocurrency market was valued at $206.7 billion as of 8:32 a.m. on Sunday, November 4, 2018, based on data from CoinMarketCap. However, the market started to inch up higher on Sunday night and, for the next three days, was able to sustain its upward momentum. Eventually, it created a new monthly high as the total market was valued at $220.9 billion by Wednesday, November 7, 2018, at 8:32 a.m.

This represents a $14.2 billion increase during the three-day period of upward movement. To put it in percentage, the market expanded by more than 6.8 percent in just three days.

Bitcoin, Ripple Lead the Pack

The trading volume of major cryptocurrencies also rose during the three-day period. In fact, trading volume of the entire cryptocurrency market rose to around $13 billion, a substantial $3 billion increase from the previous average of around $10 billion.

The transaction volume of major cryptos also rose sharply during the same period. Bitcoin’s 24-hour trading volume, for instance, rose from around $3.6 billion on November 4 to around $5 billion on November 7. The coin’s price also climbed higher from around $6,300 on Sunday to a high of $6,551 on Wednesday at 11:34 a.m.

Ripple’s 24-hour trading volume, on the other hand, rose sharply from around $400 million on November 6 to its peak of $1.4 billion as of 11.24 p.m on November 6, 2018. Price-wise, the coin rose to around $0.53.

Unfortunately, the market was not able to sustain the upward trend for long. As of this writing, the market’s total cap has fallen to $215 billion while Bitcoin fell to $6,421 after failing to sustain its assault on the $6,500 resistant level.

Crypto Market Gains $14.2B in 3 Days but Fails to Sustain Momentum was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0010924 (-100%)

days market sustain three crypto however cryptocurrency

Источник: blokt.com

days market → Результатов: 126


Crypto Week In Review: $60m Hack, Institutional Investor Launches Fund, Binance to Singapore

Throughout the past seven days, this up and coming industry saw its fair share of cases of development and maturation, as institutions have continued to pile onto this market. 15 Global Institutions Launch kLmgo SA Blockchain Platform Per a previous NewsBTC report, 15 of the world’s foremost institutions have joined hands to create komgo SA, an.

2018-9-23 15:16


Фото:

Electroneum: Instant Results, But NOT Instant Payments…

Electroneum had two spectacular days on the cryptocurrency market after launching the beta of its instant payments processor earlier this week, recording a 31% jump in market values. But is this the instant payment system that can change the world? The development team took a full year from the soft launch of the concept to […] The post Electroneum: Instant Results, But NOT Instant Payments… appeared first on Crypto Briefing.

2018-9-23 21:04


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


Bitcoin [BTC] Price Holds Value Amid Market Bloodbath

Yesterday was a bloodbath for altcoin prices with many recording double-digit losses. Bitcoin managed to hold its value and has been trading around $6300 to $6400 over the past few days. There was a brief drop down close to $6100, but the price quickly rose back up showing investors were not yet willing to accept […] Bitcoin [BTC] Price Holds Value Amid Market Bloodbath was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-13 16:17


Bullish Days Incoming: Is Now the Perfect time to Buy Bitcoin?

Bitcoin looked to be on the way back towards its bull run days, reaching past $7,200.  But now Bitcoin and the rest of the cryptocurrency market is down 15% in the last few days. With the market shooting up and down 15% in the span of days, investors are left wondering when they should attempt […] The post Bullish Days Incoming: Is Now the Perfect time to Buy Bitcoin? appeared first on ZyCrypto.

2018-9-8 21:53


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is A Bitcoin Sell-Off Coming? US Government Moves 10,000 BTC To Coinbase

As the Bitcoin price consolidates just below its all-time high of $99,540, a significant move by the US government has raised concerns among investors. The government has transferred a substantial amount of its seized Bitcoin holdings to Coinbase, potentially signaling intentions to sell.

XYO token soars 125% in 24 hours to lead top gainers

XYO, the native token of the decentralized physical infrastructure network project of the same name, has soared more than 125% in 24 hours. The XYO token traded to highs of $0.01951 and saw its daily volume skyrocket over 2,300% to…

Litecoin gains pushes 80% of LTC holders into profit

Litecoin has gained more than 27% in the past week, pushing the number of addresses in profit to nearly 80%. According to data from analytics platform IntoTheBlock, Litecoin’s (LTC) recent price surge has led to a significant increase in profitable…

Can you exchange cryptocurrency for cash?

Your digital fortune can transform into real money, and you can enjoy a nice outing with your friends. Turning your crypto coins into cash might seem hard, but it’s a straightforward process. At this time, many cryptocurrency users are interested…

Arbitrum launches $1m grants program to bolster AI innovation

Arbitrum Foundation has introduced a $1 million grants program aimed at boosting artificial intelligence innovation on the Arbitrum network. The Trailblazer AI Grant is an initiative that will offer grant support for builders looking to bring innovative AI projects to…