Major Coins Trading Sideways, Bitcoin Hovers Around $8,000

Major Coins Trading Sideways, Bitcoin Hovers Around $8,000

Friday, Sept. 27 — The top-20 digital currencies are reporting mixed signals today, experiencing moderate gains and losses throughout the past 24 hours following the nosedive they took on Tuesday, Sept. 24.

market daily overview. Source: Coin360
The leading cryptocurrency, Bitcoin (BTC), is trading sideways, up by 1.18% over the last 24 hours to trade at around $7,970 at press time. has seen low volatility during the day, having dropped to as low as $7,752, while the intraday high reached $8,198.
At the beginning of the day, dipped below $7,800 after the coin touched its four-month lows on Sept. 24, when it crashed $1,500 in 24 hours. The major coin has since been hovering around the $8,000 price mark.

seven-day price chart. Source: Coin360
Ether (ETH) is up slightly over 3% on the day, hovering around $164 at press time. The altcoin saw its weekly high of $219 on Sept. 21 and has since been steadily going down throughout the past week, diving to as low as $155 on Sept. 26.
Today, news broke that the biggest contract in the industry, dubbed FairWin, is allegedly putting user funds at risk and continues to guzzle a major share of gas on the network.

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Ether 7-day price chart. Source: Coin360
XRP has posted modest gains of around 1% on the day and is trading at $0.238 at press time.  The third-largest coin has not registered significant price fluctuations today, generally staying near the $0.24 mark.
Marcus Treacher, ’s senior vice president of customer success, said today that the major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden.” Treacher claimed that the Ripple network, by contrast, “has no parameter. It connects with all of the players that want to use the technology.”

XRP’s seven-day price chart. Source: Coin360
On Coin360, the top-20 coins are reporting gains between 0.74% and 7.43% on the day. The total market capitalization of all cryptocurrencies is around $213 billion at press time, while the daily trading volume is around $61 billion.
Earlier today, Anthony Pompliano argued that the future will not bring competition between digital and non-digital currencies. He said that if he were the U.S. government, he would tokenize the dollar immediately, noting that China is creating a digital Yuan and other countries would follow suit.
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