Bitcoin Stable at $6,600 while Altcoins making Good Greens

08 Oct, 2018 Updated 14 Aug, 2024

By Achal Arya

Administrator

Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Bitcoin in green, volatility low

Bitcoin has moved from $6,500 to $6,600 and is now maintaining stability around this level. At the time of writing, Bitcoin has been trading at $6,604, up by 0.21 percent in the past 24-hours. Today’s price range has been between $6,585 and $6,622.

With a market cap of $113.89 billion, the daily trading volume of the leading cryptocurrency has taken a hit as it currently sits at $3.35 billion. Meanwhile, BTC Dominance is at 52.3 percent.

The entire crypto market cap has taken a lot of upswings and slips as the market struggles between bears and bulls.

Also, check: Bitcoin, Altcoins Sentimental Analysis for Cryptocurrencies- October 07

TRX, XLM biggest gainers in top cryptos

Meanwhile, altcoins are making good greens, especially the top ones. Out of the top 15 cryptocurrencies,

Tron (TRX) is the biggest gainer of today with about 11 percent gains at $0.0266
Stellar (XLM) is also making decent gains at just above 6 percent at $0.2538
With 3.60 percent gains, Cardano (ADA) is trading at $0.0839

Whereas, Ethereum (ETH) is at $225 and XRP at $0.4819 while being up by 1.05 and 1.71 percent respectively.

Today’s top gainers have been Maker (MKR) with over 20 percent gains at $740. It is followed by Ox (ZRX) with over 14 percent raise and then by CyberMiles and (CMT) Noah Coin (NOAH) by about 13 percent gains each.

Ontology (ONT), PowerLedger (POWR), Decred (DCR), and Verge (XVG) are also in the green by more than 6 percent.

The biggest losses have been suffered by DigixDAO (DGD), in red by over 7 percent. Steem, TenX (PAY), Loom Network (LOOM), Lisk (LSK), and Aurora (AOA), are also sliding down.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.