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Cryptocurrency market gives mixed signals, BCH torn up

Sunday afternoon on the cryptocurrency market would be the most common, if not Bitcoin Cash: while the rest of the coins show a slight negative and positive dynamics, the rate of BCH is increased by 16%.

The dynamics of the top-4

Bitcoin managed to stay above $6400. In recent days the rate of BTC has not changed, falling less than 0.3%. At the time of writing this article the price of bitcoin is around $6373. Slightly better things from Ethereum: +0.22% for 24 hours and a rate of $200. The Ripple rate dipped by 0.7% and is now $0.45. The biggest surprise was the fourth largest cryptocurrency, Bitcoin Cash. Per day course BCH jumped more than 16% and reached $535.

Market capitalization

After a short settling, the total capitalization of cryptocurrency market and the total daily volume of trade grew again to $208 billion and $11 billion respectively. The total number of cryptocurrency placed on CoinMarketCap — 2097.

How the market behaved in the last month

Throughout October the cryptocurrency market has maintained a surprising stability. Investors were reluctant to risk waiting for the decision of the Commission on securities and exchange Commission (SEC) on the issue of bitcoin ETF. The volatility of bitcoin has reached its lowest level since mid-2017, greatly subsided and the volume of trade that in the long term can be very worrying sign.

Meanwhile, important changes are coming not only in the West but in the East: the South Korean government plans to revise its position on the ICO and it is possible to remove the ban on holding public sales of tokens. Korean government is planning to announce a final decision in November.

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Jessica Taylor