Sunday, Sept. 30 — Markets are buying and selling sideways right this moment, with positive aspects and losses among the many prime 5 cryptocurrencies not exceeding 4%.
Market visualization. Supply: Coin360
The Bitcoin (BTC) worth has spiked barely after buying and selling near $9,600 for many of the day. At press time the coin is buying and selling at $9,799, up 1.72% on the day.
Bitcoin 24-hour worth chart. Supply: Coin360
Business investor Mike Novogratz just lately mentioned that, whereas Bitcoin is buying and selling under $10,000, the seminal cryptocurrency is merely in a consolidation part. Per Novogratz, the subsequent leg of the bull run will start as soon as institutional traders turn into extra concerned.
The value of prime altcoin Ether (ETH) has remained comparatively secure all through the day, buying and selling close to $170. At press time, the coin is down 0.59% on the day and is buying and selling at $171.88.
Ether 7-day worth chart. Supply: Coin360
Earlier this month, Placeholder VC companion Chris Burniske mentioned that Ether is an effective long-term funding. Per Burniske, Ether is solely going by its first mainstream bear market, simply as Bitcoin did in 2014–2015.
Ripple’s XRP token has been buying and selling stably all through the week, with right this moment being no exception. At press time the coin is down 0.76% to commerce at $0.257.
XRP 7-day worth chart. Supply: Coin360
Main losers and gainers amongst top-20 altcoins
Among the many top-20 cryptocurrencies by market capitalization, Monero (XMR) has seen spectacular positive aspects, up over 7% to commerce at $72.85 at press time. Litecoin (LTC) can be seeing some positive aspects, up 3.43% to commerce at $67.12 at press time.
In the meantime, the most important loser among the many prime 20 is Algorand (ALGO), which is at the moment down nearly 6% over the previous 24 hours to commerce at $0.392.