Crypto Currencies Move Lower

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Photo by Andre Francois on Unsplash
Photo by Andre Francois on Unsplash

Crypto Currencies Move Lower

Of the 1,665 digital currencies monitored, the past 24 hours saw total market losses of $55,490,635, as 67% of currencies fell. The biggest impact on the market came from Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Zcash (ZEC), and Litecoin (LTC).

Bitcoin

Bitcoin (BTC) swung between a high of $6,585.00 and a low of $6,460.00 ending twenty four hours of trading at $6,456. This equates to a loss of $51,484,969.00 in market cap. A month ago, bitcoin traded at $6,655. It has seen a 1.18% weekly increase, and in just the last hour bitcoin has fallen -0.08%. Currently there are 17,366,375 bitcoins in circulation, representing 83% of the final twenty-one million bitcoins that can be mined. 705,731 of these bitcoins were traded in the past 24 hours.
In November Bitcoin started the month at $6,341 and swung between $6,333 and $6,556, closing at $6,522 on November 07.

Top 20 Coins

Examining the top 20 crypto currencies (ranked by market cap), the top performers over the last 24 hours were Zcash (ZEC) 5.40%, Stellar (XLM) 1.13%, while the worst three performing were XRP (XRP) -6.01%, Bitcoin Cash (BCH) -4.13%, NEM (XEM) -3.03%.

Crypto Market Winners and Losers

If we look across the 1,665 crypto currencies (that we track), the biggest short term winners were:

  • Deutsche eMark (DEM), gained 158%, with a market cap of 80 Bitcoins.
  • Mithril Ore (MORE), gained 148%, with a market cap of 26 Bitcoins.
  • Newton Coin Project (NCP), gained 146%, and has a market cap of 114 Bitcoins.
  • Garlicoin (GRLC), gained 145%, with a market cap of 6.00 Bitcoins.
  • Dimecoin (DIME), gained 126%, and a market cap of 3,281 Bitcoins.

On the downside, the biggest losers were

  • Simmitri (SIM), lost 85%.
  • Nerves (NER), lost 83%.
  • Abulaba (AAA), lost 75%.
  • Bitcoin W Spectrum (BWS), lost 64%.
  • SuperCoin (SUPER), lost 60%.

Cryptocurrencies are traded day and night, so instead of covering a market session, we cover the last 24 hours of trading. Remember, prices on Cryptocurrencies can vary quite a bit across exchanges, so always check your local exchange for current rates.


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