Crypto Market Stabilizes: Bitcoin, Ethereum, Some Alts Back In Green 🚨 This article is 6 years old...
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Crypto Market Stabilizes: Bitcoin, Ethereum, Some Alts Back In Green
3 min read
Updated: Nov. 7, 2019 at 2:54 am UTC
Photo by Jeff Finley on Unsplash
The wounded cryptocurrency market is showing signs of recovery after a week-long maelstrom that saw over $40 billion wiped out from the total market cap amidst manipulation speculation, black market Bitcoin dumps, and fake news accusations.
Dogecoin Surprisingly Unscathed by Market Chaos
Negative market sentiment has seen virtually all altcoins bleed over the last week — apart from semi-serious cryptocurrency Dogecoin, which began life as a joke cryptocurrency. A surprising announcement from Yahoo Finance saw Dogecoin added to the Yahoo Finance iOS mobile app, resulting in a DOGE market cap surge of $100 million as one of the only tokens to escape recent bearish sentiment with positive price movement.
Bitcoin Market Data
At the time of press 2:54 am UTC on Nov. 7, 2019, Bitcoin is ranked #1 by market cap and the price is down 1.11% over the past 24 hours. Bitcoin has a market capitalization of $108.79 billion with a 24-hour trading volume of $3.58 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 2:54 am UTC on Nov. 7, 2019, the total crypto market is valued at at $195.12 billion with a 24-hour volume of $10.76 billion. Bitcoin dominance is currently at 55.76%. Learn more about the crypto market ›
The week-long bearish trend saw both Bitcoin and Ethereum drop in price dramatically, dragging down altcoins across the board in a chaotic sell-off. Recent market movements, however, have reflected predictions made by ShapeShift CEO Erik Voorhees in late August, who stated that the crypto market is “done with a majority of the collapse.”
Ethereum Market Data
At the time of press 2:54 am UTC on Nov. 7, 2019, Ethereum is ranked #2 by market cap and the price is down 2.62% over the past 24 hours. Ethereum has a market capitalization of $19.93 billion with a 24-hour trading volume of $1.46 billion. Learn more about Ethereum ›
Crypto Market Summary
At the time of press 2:54 am UTC on Nov. 7, 2019, the total crypto market is valued at at $195.12 billion with a 24-hour volume of $10.76 billion. Bitcoin dominance is currently at 55.76%. Learn more about the crypto market ›
The week-long bearish trend saw both Bitcoin and Ethereum drop in price dramatically, dragging down altcoins across the board in a chaotic sell-off. Recent market movements, however, have reflected predictions made by ShapeShift CEO Erik Voorhees in late August, who stated that the crypto market is “done with a majority of the collapse.”
