Monday, Sept. 30 - Bitcoin, together with most altcoins, has been trading relatively flat in the last 72 hours, but the overall crypto market seems to be ready to turn around.
Bitcoin has not yet been able to recover from last Tuesday's double-digit losses, but the coin is showing signs that a recovery phase might be on the horizon.
While billionaire technology investor Mark Cuban said that he would be happier owning bananas than Bitcoin, the most popular cryptocurrency has been trading around the $8,000 price mark for most of the day.
"I say it's like gold. Gold is a religion: people who are really into gold - they'll tell you that there's a bad depression and things go to hell in a handbasket, if you own gold then you'll be okay. No, you won't! You carry around a gold bar - someone's gonna hit your ass, knock you out and steal your gold bar and it's gonna happen again and again and again. I'd rather have bananas, I can eat bananas. Crypto Not so much."
Ether has been showing an impressive gain of nearly 5% on the day.
Ripple's XRP is showing a gain of almost 7% over the past 24 hours and is trading at about $0.256 at press time.
Altcoins have been reeling since Tuesday's double-digit losses, but seemingly entered another consolidation phase over the past three days.
Monday's prices are showing green candlesticks across the board.
Bitcoin SV is also showing gains of about 6% at publishing time.
The overall cryptocurrency market cap increased from $212 billion to $215 billion, with Bitcoin making up 68.4% of the total.
Crypto Markets Showing Signs of Recovery, Bitcoin Hovers About $8,200
gepubliceerd op Sep 30, 2019
by Cointele | gepubliceerd op Coinage
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