Saturday, September 21: Crypto markets continue to move sideways, with the top 20 cryptographic currencies recovering mostly light losses.
Visualization of the Coin360 market
The domination of the bitcoin market continues
The market leader, Bitcoin (BTC), quickly slipped under the $ 10,000 mark, a psychologically important issue, but was able to close at the close of publication at a level of $ 10,041. This translates into a daily loss of 1.1%, compared to almost 3% last week.
This also suffers from Bitcoin's market dominance, so its market share went from "just" 67.7% to 67.5%, as shown by the data from CoinMarketCap.
Bitcoin historical price 24 hours. Source: Coin360
At the same time, Ether (ETH), the second cryptocurrency currency behind Altcoin, gained 0.5%, pushing the price down gently to $ 219. The week has gone well so far for the number two, which could move the trend from negative to positive, which would give a big over 18%.
Ether price history 7 days. Source: Coin360
At the same time, XRP, the third-largest cryptocurrency, soared 1.1%, bringing the price up to $ 0.292 recently. The cryptocurrency of blockchain payment service provider Ripple also recorded strong growth of 11.3% during the week.
XRP price history over 7 days. Source: Coin360
Winners and losers
EOS, number seven among the crypto-currencies, wins the day with a rise of 3.2%. This could be related to the upcoming EOS Hardfork, which is scheduled for 23 September.
Anonymity, the cryptocurrency Monero (XMR), is however a loser of the day, but it remains only 2.6% to cross.
The total market capitalization is now slightly lower, from $ 269 billion at the time of writing the announcement to $ 267 billion. Nevertheless, market capitalization is rising throughout the week, with $ 261 billion still on paper earlier this week.
Meanwhile, the crypto industry is eagerly awaiting the launch of the Bakkt trading platform scheduled for 23 September. With Bakkt, Bitcoin physical futures are introduced for the first time, a key feature of the fact that transactions are settled in real bitcoins rather than in US dollars. The cryptographic community hopes that this will increase the interest of institutional investors. Investment expert Tom Lee commented positively on the platform on September 19, believing that Bakkt could actually boost the confidence of institutional investors in the cryptography industry.