Crypto markets have seen volatility over the day, failing to maintain a sharp rebound momentum,” outlier Bitcoin Gold is up 10 percent.
Saturday, Nov. 23: crypto markets have seen some volatility over the day, but failed to maintain a sharp rebound attempt. The top 20 cryptocurrencies by market cap are all seeing their prices stabilize after another sell-off yesterday, according to CoinMarketCap.As of press time, the major 20 crypto markets are watching a mixture of green and red, with the majority of gains fluctuating around 1-2 percent.Market visualization from Coin360Bitcoin Gold (BTG), ranked 20th by market cap, has witnessed the largest increase on the day, spiking almost 10% over the past 24 hours. At press time, the altcoin is trading at around $20.70. This year, Bitcoin Gold was delisted from major crypto market Bittrex. The “double-spending” calculating exposure of Bitcoin Gold reportedly allowed hijackers to carry control over 51 percent of their BTG hashrate.Bitcoin (BTC) is marginally down approximately 1 per cent within the day, and trading around $4,225 at press time. Earlier in the day, the major cryptocurrency spiked to as large as $4,413, but failed to maintain the rebound trend and dropped to its 24-hour reduced at press time.Bitcoin is down nearly 24 percent within the past 7 days.Bitcoin 24-hour price graph. Source: CoinMarketCap Ripple (XRP), still holding its position as the 2nd top cryptocurrency by market cap after substituting Ethereum (ETH), can be marginally down approximately 1 per cent on the day to press time.Ethereum is seeing less movement on the daydown just 0.23 per cent and trading at $120.69 at press time.Total market capitalization of all cryptocurrencies is around $136.3 billion at press timedown from its high this week of $187 billion. Daily trade quantity is just under $12 billion, whereas Bitcoin’s dominance on the market constitutes around 53.9 percent.Total market capitalization 7-day graph. Source: CoinMarketCapRan Neuner, the host of CNBC’s CryptoTrader series, has commented about the shaky state of the marketplace on Twitter now, asserting that trying to speculate in crypto is not the genuine goal of the industry:“Bear markets shake out weak hands, those just here for money, those trying to make a dollar trading & people trying to gain w/out building or adding value. Look around, you can see who’ll be around when it’s finished & who won’t. If you wish to survive this, assemble something, add value. ”Recently, Stephen Innes, head of trading at Singapore-based capital marketplace support OANDA Asia Pacific, predicted that gold prices will “leap considerably greater and there’s an inverse relationship we’re beginning to see gold and coins,” while Bitcoin could fall to as low as $2,500 by January 2019. ”In an interview with CNBC Nov. 23, Michael Moro, the CEO of both cryptocurrency trading firms Genesis Trading along with Genesis Capital Trading, said that the Bitcoin price could bottom at $3,000, stating, “You actually won’t locate [the ground ] until you sort of hit on the 3K-flat level. &rdquo […]