Home / Altcoins / Cryptocurrency Market Analysis: Bitcoin is hanging around $8700, while spike in price of XRP and BSV

Cryptocurrency Market Analysis: Bitcoin is hanging around $8700, while spike in price of XRP and BSV

The cryptocurrency market is full of uncertainties. The values of the currencies were going higher and registering new records. Even Bitcoin was in really good and stable condition, but then the market’s bearish correction came and now the prices of the currencies are hovering between the bullish and bearish values.

Bitcoin’s value is currently above the $8,500 mark, but still, at the time of writing, its value is decreased by -2.17%. The currency is holding strong against the bearish correction and it is in a better position. Ethereum, Litecoin, EOS, Bitcoin Cash and Stellar Lumens value is also experiencing a decrease in their values. On the other hand, few currencies are holding against the decreased value, and instead, their price is increasing such as Ripple, Bitcoin SV, and Ethereum Classic.

The total market capitalization of the cryptocurrency market is $276 billion, yet it gets lower from yesterday’s value of $278 billion. The regular trading volume in the crypto market is $69 billion.

Current Status of Bitcoin (BTC): Currently, Bitcoin is trading at the value of $8,522.47 USD and its value is decreased by -2.17%. The market capitalization of the currency is $151,171,630,434 USD and the 24-hour volume of the bitcoin is $20,608,468,219 USD. The circulating supply of the currency is 17,738,000 BTC and the max supply of the currency is 21,000,000 BTC.

Bitcoin stood as the top performing coin in the crypto market withholding its position above the mark of $8,500. The other good performed was recorded by Ethereum and Ripple, however, Ethereum lost its yesterday’s high value of $274.15 USD and it is currently trading at the value of $262.95 USD, with the loss of -3.18% in its value.

Current Status of Ripple (XRP): The value of Bitcoin is in slight bearish pressure, but Ripple (XRP) is in the bullish movement in its value. It is currently trading at the value of $0.4415961USD, but at the time of writing its value is slightly in the bearish pressure and decreasing by 0.25%. The market capitalization of the currency is $18,627,386,805 USD and the 24-hour volume of the currency is $2,254,177,182 USD.

Current Status of Bitcoin SV (BSV): At the time of writing, Bitcoin SV is trading at the value of $211.85 USD and its value is increasing by 11.40%. The market capitalization of the currency is $3,774,162,886 USD and the 24-hour volume is $864,526,381 USD.

  • 2
    Shares

About Arushi Dubey

5d53ab6f4b523-bpfull
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

Check Also

Huobi to Support Cortex Mainnet Swap

Huobi to Support Cortex Mainnet Swap

Huobi Global made an announcement earlier today saying that it will support Cortex (CTXC) mainnet …

Leave a Reply

Your email address will not be published. Required fields are marked *