Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day

Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day

Thursday, Oct. 17 — Bitcoin (BTC) is hovering just above the $8,000 price mark, while XRP shows impressive gains on the day.

market daily overview. Source: Coin360
For most of the day, the world’s largest has been trading within a tight range between $8,000 and $8,100. BTC traded from an intraday low of around $8,010 up to $8,135 before hitting its current trading price of $8,062, showing a subtle gain of around 1% in the past 24 hours.
Cointelegraph reported today that notorious skeptic Nouriel Roubini had finally conceded to saying that is “a partial store of value.” However, his comment was swiftly followed by continued criticisms:
“Maybe is a partial store of value but it’s not a unit of account, it’s not a means of payment, it’s not scalable […] in spite of its rally earlier this year, it’s lost 60% in value since its peak, so I don’t see it going anywhere frankly.”

See also  Bitcoin price hits $9.8K as quest to fill futures gap sees 6-week lows

7-day price chart. Source: Coin360
Ether (ETH), meanwhile, is currently sitting at $176 per coin. The number one altcoin has been trading fairly flat for most part of the day, while slowly crawling to its current trading price, up just over 1% at press time.

Ether 7-day price chart. Source: Coin360
XRP, on the other hand, saw a 5% jump on the day. The third-largest coin by market cap is currently putting in a strong performance and is grinding its way up to the $0.30 price point. XRP is now trading at almost $0.30 per coin.

XRP 7-day price chart. Source: Coin360
It is a green top-20 day
All of the top-20 coins are showing positive gains between 1-4% in the past 24 hours, with XRP taking the lead as top performer of the day, as mentioned above.
While not in the top-20 tokens by market capitalization, the number 25 coin NEM (XEM) has seen impressive gains of almost 14% over the past 24 hours to trade at $0.041 at press time.
The overall market cap increased from $217.2 billion to $222.2 billion, with making up 66% of the total.
Keep track of top markets in real time

See also  DeFi oracles, explained

Leave a Reply

Your email address will not be published. Required fields are marked *

Want to automate your crypto Trading?
Try this new trading Robot!

Your information will be validated and you will be automatically redirected to the trading robot advanced dashboard.