Crypto Markets See Mix of Red and Green, With Half of Top 100 Coins Slightly Up
Sunday, September 30: crypto markets are seeing a mix of red and green today. A little more than half of the top 100 cryptocurrencies have grown in the 24 hours to press time.
The daily trade volume has declined, seeing a relatively sharp drop from around $15 billion yesterday to $13.8 billion at press time.
Market visualization from Coin360
Bitcoin (BTC) has been hovering around $6,600 for most of the day, with an intraday low of $6,561 and a high of $6,640. At press time, Bitcoin is trading at $6,632, up around 0.7 percent on the day. Bitcoin’s dominance share on the market is currently at 51.2 percent.
Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index
Ethereum (ETH), currently the second largest cryptocurrency by market cap, continues to hover around $230, after suffering a drop to as low as $215 yesterday. The altcoin’s price has seen an increase of 1.6 percent in the 24 hours to press time.
Ethereum 7-day price chart. Source: Cointelegraph Ethereum Price Index
Ripple (XRP) is also seeing growth, sitting at the largest daily gains among the 20 top coins. The coin is up 4 percent today to trade at $0.584 at press time.
Earlier this week, Ripple was reported to lead a group of crypto and blockchain startups that are going to lobby the U.S. lawmakers and financial regulators to support innovation for the industry.
Ripple 7-day price chart. Source: Cointelegraph Ripple Price Index
Total market cap has increased slightly, currently at $223 billion and up about $2 billion since the same time yesterday.
Total 24-hours market capitalization chart. Source: CoinMarketCap
NEM (XEM), currently the 17th largest cryptocurrency, is up 1.7 percent over the past 24 hours to trade at $0.097.
As crypto prices remain fairly volatile and without a clear trend, a group of lawmakers from the U.S. Congress has recently addressed the Securities and Exchange Commission (SEC), asking it to provide more regulatory clarity for the crypto industry. Specifically, more than a dozen congressmen have asked SEC Chairman Jay Clayton to provide criteria for identifying digital tokens as securities.
Anthony Pompliano, founder and partner at Morgan Creek Digital Assets, has summarized the main crypto industry events of the week in his tweet September 30.
The industry expert has highlighted such events as the crypto mining giant Bitmain filing for an initial public offering (IPO) on the Hong Kong Stock Exchange, the partial reversal of Google’s crypto ad ban, and the upcoming launch of a stable cryptocurrency (stablecoin) by the peer-to-peer payments company Circle.