13 of the 20 top cryptocurrencies have been at the red, using Bitcoin Cash and Ripple losing around 4% within the day.
Wednesday, Nov. 8: most cryptocurrencies have seen a drop-off today, with the most observable reductions seen by Bitcoin Cash (BCH) and Ripple (XRP), as data in Coin360 reveals. As of press time, the niches have been seeing mixed signs, largely staying at the red.Market visualization from Coin360While at the start of the week Bitcoin (BTC) was largely from the green, up to two percent over the day Monday, Nov. 5, today the major coin will be hovering around zero, and mostly staying in the red and trading around $6,450 as of media time.Bitcoin 7-day price chart. The coin is seeing some stability after it has regained its second place, bypassing Ripple (XRP) by market capitalization.Ethereum 7-day price chart. Source: CoinMarketCap Ethereum Price IndexRipple (XRP), at its own turn, is now trading at $0.50, dropping as much as 5.6 percent on the day as of press time. As per its weekly charts, the currency has seen its summit on Tuesday, Nov. 6, when the coin briefly overtook Ethereum since the 2nd biggest altcoin.Ripple 7-day price chart. Source: CoinMarketCap Ripple Price IndexTotal market capitalization of all cryptocurrencies is around $215 billion in the press-time, falling from $219 billion within the previous 24 hours. According to daily trading volume, in addition it has dropped in comparison to Nov. 7, hovering around $13.5 billion as of media time.Weekly overall market capitalization chart. Source: CoinMarketCap18 of the 20 main cryptocurrencies are at the red, using Bitcoin Cash (BCH), Ripple (XRP) and NEM (XEM) watching the biggest drops in last 24 hours according to CoinMarketCap. BCH has lost a distinctive 4.8 percent after almost a week-long expansion following its upcoming hard disk, which is backed by major crypto market Binance. As of press time, the coin has been traded at around $589. Dash (DASH) is the only crypto to find a small growth among top 20 coins, up to 1 percent over the day and trading at roughly $167 as of media time.Meanwhile, today, Nov. 8, 2 countries in Asia have called for better crypto regulation. Even the Deputy Prime Minister of Thailand, Wissanu Krea-ngam, urged to lawmakers to amend the current legal frame for crypto — set in May 2018 — to fulfill up with the progression of the technology, warning about potential dangers for customers. In the meantime, South Korea’s lawyers have lobbied the local authorities to Accelerate its work and expedite a legal framework for both cryptocurrencies as well.Yesterday, Nov. 7, crypto Twitter saw a comprehensive discussion in reaction to William Shatner’s favorable discussion concerning Ethereum (ETH) co-founder Vitalik Buterin.The Canadian actor, most famous for his role in captain James T. Kirk in Star Trek, published a thumbs-up emoji tagging Buterin about Twitter, sharing this article to his 2.5 million followers. Shatner was then drawn into an argument within the ETH network’s decentralization, demonstrating familiarity with ERC criteria in his rebuttal to “crypto troll[s]. &rdquo […]