Crypto Markets See Flush of Green as Bitcoin Moves Closer to $5,600

gepubliceerd op by Cointele | gepubliceerd op

A Twitter poll Nov. 15 from former U.S. Congressman Ron Paul saw the majority of respondents - 50 percent - picking Bitcoin as their preferred "Store of value" if they had to invest $10,000 over the next decade in any given asset.

On the week, Bitcoin is a stark 12 percent in the red; monthly losses are pushing 14.5 percent.

On the week, Ripple is 3.4 percent in the green, with monthly growth at 14.6 percent.

Ethereum has seen mild growth and is up 1.3 percent on the day to trade at $175. As of Nov. 14, Ethereum's losses have been even more drastic than Bitcoin's, with the altcoin now down over 16 percent on its weekly chart.

Having seen more volatility overall on the month, the altcoin's losses on the month are at 15 percent; Ethereum's intra-month high was over $221 Nov. 7, with a low of just under $173 Nov. 17.

Most of the remaining top ten coins on CoinMarketCap are in the green, seeing growth of within a 1 and 5 percent range.

The notable exception is Bitcoin Cash, which is down 2.1 percent to trade at $383.2, as the aftermath of its controversial hard fork continue to bear price ramifications.

Stellar is the strongest-performing top ten alt, seeing a solid 4.55 percent gain to trade at $0.25 on the day; anonymity-oriented alt Monero is also up a strong 3.5 percent at $89.04.

The 19th largest crypto - another privacy-focused alt, Zcash - is seeing above-average growth of 6.2 percent, and is trading at $113.18 at press time.

Total market capitalization of all cryptocurrencies is around $186 billion as of press time, up from an intra-week low at around $175 billion Nov. 15, but almost 12 percent down from $211 billion at the start of its weekly chart.

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