Major Coins Report Mixed Signals, ETC Sees Modest Gains Following Hard Fork
Thursday, Sept. 12 — Cryptocurrency markets are reporting mixed signals today after Bitcoin (BTC) stuck above $10,000 as it was earlier today, according to data from Coin360.
Market visualization. Source: Coin360
BTC is up 2.19% over the past 24 hours and is trading at around $10,302 at press time. The leading coin has seen slight volatility during the day, having dropped to as low as $10,056, while the intraday high was $10,393.
Bitcoin seven-day price chart. Source: Coin360
As Christopher Inks of TexasWest Capital said in an interview with Cointelegraph earlier today, with many fundamental legacy market indicators flashing incoming recession, Bitcoin market participants are pushing the "Bitcoin is digital gold" narrative. But the truth is that we don't know if it really is yet. Inks added:
“The Bitcoin market has only been around during a bullish economy, so we don't know how it will perform during an economic downturn.”
Ether (ETH) is currently trading at around $179.4, having increased by 1.75% over the day. On its weekly chart, the coin is up just 1.51%, while its monthly chart shows losses of 15%.
Ether 24-hour price chart. Source: Coin360
XRP is also reporting small gains of 0.18% today to trade at around $0.253 at press time. On Sept. 8, the altcoin rose to $0.265 making it the highest price point in terms of its weekly performance. Over the past month, the coin has lost 15.5%.
XRP 7-day price chart. Source: Coin360
On the top-20 digital currencies list, Binance Coin (BNB), Bitcoin SV (BSV), Stellar (XLM), Tron (TRX), Algorand (ALGO) and Chainlink (CHAIN) are down by 0.39%, 1.07%, 0.77%, 0.99%, 8.32% and 0.59% respectively.
Ethereum Classic (ETC) is up by a modest 0.09% following its Atlantis hard fork earlier today. The coin is currently trading at around $6.27.
ETC successfully performed the Atlantis hard fork in accordance with previously estimated time — between Sept. 12 and Sept. 13, 2019 — at block height 8,772,000.
ETC 24-hour price chart. Source: Coin360
The market capitalization of all cryptocurrencies on Coin360 is over $264 billion at press time.