Major Coins Trading Sideways, Bitcoin Hovers Around $8,000

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Friday, Sept. 27 - The top-20 digital currencies are reporting mixed signals today, experiencing moderate gains and losses throughout the past 24 hours following the nosedive they took on Tuesday, Sept. 24.Cryptocurrency market daily overview.

The leading cryptocurrency, Bitcoin, is trading sideways, up by 1.18% over the last 24 hours to trade at around $7,970 at press time.

Bitcoin has seen low volatility during the day, having dropped to as low as $7,752, while the intraday high reached $8,198.

At the beginning of the day, Bitcoin dipped below $7,800 after the coin touched its four-month lows on Sept. 24, when it crashed $1,500 in 24 hours.

The major coin has since been hovering around the $8,000 price mark.

Ether is up slightly over 3% on the day, hovering around $164 at press time.

Today, news broke that the biggest Ethereum contract in the industry, dubbed FairWin, is allegedly putting user funds at risk and continues to guzzle a major share of gas on the network.

XRP has posted modest gains of around 1% on the day and is trading at $0.238 at press time.

On Coin360, the top-20 coins are reporting gains between 0.74% and 7.43% on the day.

The total market capitalization of all cryptocurrencies is around $213 billion at press time, while the daily trading volume is around $61 billion.

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