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Analysis: Crypto Market Relatively Stable Today, Ripple (XRP) With Decent Gains

In the daily cryptocurrency news, we are reporting the recent situation on the market, which has been relatively stable over the past 24 hours for Bitcoin and most of the altcoins – just like the past few days.

Bitcoin, the most dominant cryptocurrency, is up by about 0.20% today, trading at $6,484 at press time. BTC showed little volatility over the day, with its price rising to as high as $6,521 and correcting to $6,456 afterwards. Bitcoin has been trading sideways for the past 10 days, following its strong surge recorded on October 15th.

Ethereum (ETH), as the second leading cryptocurrency by market cap, is up by 1.87% and is now trading at $202 at press time. Similar to Bitcoin, ETH has been stable over the past ten days, hovering around the $200 mark.

Ripple (XRP) has been recording impressive gains of about 3.5% over the past 24 hour period – which brought it to a price point of $0.47. However, since then XRP has corrected and at press time, it is trading at $0.45.

Most of the other top 20 coins have seen low fluctuations, with Dash (DASH) and ZCash (ZEC) being up around 3% for the day as some of the most impressive movements this Thursday.

The total crypto market cap also saw a slight influx in the beginning of the day and is now hovering below the $210 billion mark, with the total number of all cryptocurrencies being listed on CoinMarketCap being 2,062 at press time.

Since the crypto and blockchain industries have recently seen bigger efforts in terms of regulation and adoption, many expect that the Bitcoin and altcoin market will rise by 2019.