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Analysis: Crypto Markets Sending Mixed Red-Green Signals, Bitcoin Remains Stable

Half of the 100 coins are slightly up over the past 24 hours, while most of the other altcoins are seeing a mix of red and green in the latest cryptocurrency news. According to our team of experts, the current crypto expert analysis is that the market is relatively stable despite these (mixed) signals – and that Bitcoin is solidly rising.

The daily trade volume has declined, seeing a relatively sharp drop from around $15 billion yesterday to a $13.8 billion as it is at press time.

Bitcoin has been hovering around the $6,600 mark for most of the day. It is currently trading at $6,617 with a new 0.21% increase, while Ethereum, Ripple and Bitcoin Cash are all seeing red, with XRP seeing the biggest one (2.59%) and now trading at $0.584.

The total market cap has slightly increased, currently at $223 billion and up about $2 billion since the same time yesterday. The altcoin NEM (XEM), which is currently the 17th largest cryptocurrency, is now closer to the $0.1 mark, trading at $0.097 with a new 2.3% increase.

Even though the crypto prices remain fairly volatile and without a clear trend, one group of lawmakers from the US Congress recently addressed the Securities and Exchange Commission (SEC) and asked them to provide more regulatory clarity for the crypto industry. They further asked the SEC Chairman Jay Clayton to provide criteria for identifying digital tokens as securities – a decision that analysts expect to be a potential surge in the crypto markets.