Some Top-20 Coins Still Making Gains, Others Trade Sideways
Tuesday, Oct. 29 — Most top-20 digital currencies are trading sideways today, with a few reporting minor losses. The markets are seeing mixed signals as of press time, according to the data from Coin360.
Cryptocurrency market daily overview. Source: Coin360
Bitcoin (BTC) is down less than one percent over the past 24 hours and is trading at around $9,327 at press time. The major coin has seen moderate volatility over the past day, having dipped to as low as $9,191, with the intraday high reaching $9,571 at press time.
Worldwide Google searches for “Bitcoin” are now near a three-month high, according to Google Trends. Current interest is at the highest level since early August, when BTC price was around $11,700.
Bitcoin seven-day price chart. Source: Coin360
Contrary to BTC, the largest altcoin, Ether (ETH), has taken an upturn and is trading at around $186 at press time, up by 2.61% on the day. ETH began the day at $184.13, hitting its highest mark at $189.1 in the middle of the day before reaching its current price.
Ether 7-day price chart. Source: Coin360
XRP, the third top cryptocurrency by market capitalization, has gained 1.23% over the past day to trade at around 0.301 at press time. The altcoin saw its highest price point over the week on Oct. 26, reaching $0.309, with a weekly low of $0.262 on Oct. 23.
XRP 7-day price chart. Source: Coin360
Bitcoin Cash (BCH) and TRON (TRX) are the major gainers over the past day, having increased by 8.24% and 6.50% respectively to trade at around $289.14 and $0.021 respectively at press time.
On the top-20 coins list, the cryptocurrencies, which are reporting losses, are down between 0.01% and 4.48% at press time.
In the meantime, Russian Mining Company plans to repurpose a metal factory in the country’s northern province of Karelia to corner 20% of the BTC mining market.
Cryptocurrencies such as Bitcoin are not real money, according to a statement published by the German federal parliament. The author of the statement also claims that the fluctuations reported by the value render crypto tokens unsuitable to be a store of value.