Crypto Markets See Slight Decline on The Day, Bitcoin Cash Makes Minor Gains
Cryptocurrency markets have seen a slight drop on the day, with BCH being the only token out of the top 10 to make some gains.
Tuesday, Nov. 13: Cryptocurrencies have experienced a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after seeing some growth yesterday, Nov. 12.
Market visualization from Coin360
The leading cryptocurrency Bitcoin (BTC) is down less than a tenth of a percent today, trading at $6,370 at press time. During the day, the lowest BTC price point was $6,345, with an intraday high aof $6,395. BTC has lost around 1.34 percent over the last week.
Bitcoin 7-day price chart. Source: CoinMarketCap
The second largest coin Ethereum (ETH) has been trading relatively stable on the day, fluctuating between $210 and $206. ETH is down 1.26 percent over the past 24 hours, trading around $207 at press time. In terms of a weekly view, the altcoin is down over 4 percent.
Ethereum 24-hour price chart. Source: CoinMarketCap
Ripple (XRP) has seen bigger fluctuations over the 24-hour period, down by over 2 percent and trading at $0.510 at press time. The coin is down almost 5 percent on its weekly chart. On its monthly chart, XRP is still up by more than 22 percent.
Today, Cointelegraph reported that lawyers representing payment startup Ripple in its ongoing securities lawsuit are trying to move the case to a U.S. federal court. Court records confirm the application to move the case from the state to federal level, which would allow Ripple to prove definitively that its XRP token is not a security under U.S. law, should it win.
Ripple 24-hour price chart. Source: CoinMarketCap
Bitcoin Cash (BCH), with a market cap of around $9.12 billion, is up by 1.23 percent on the day and trading at $522 at press time. BCH is the only coin out of the top 10, which has broken the downtrend over the last 24 hours.
Today, recently re-opened Japanese crypto exchange Coincheck announced it has resumed NEM (XEM) crypto token trading after a restructuring of its platform by external “security experts.” In January, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. At press time, NEM is trading at around $0.109, up 1.55 percent on the day.
NEM 24-hour price chart. Source: CoinMarketCap
Total market capitalization of all cryptocurrencies is over $210 billion as of press time, down from an intra-week high of $220.7 billion on Nov. 7, according to CoinMarketCap.
Total market capitalization weekly chart. Source: CoinMarketCap
Earlier today, engineering and electronics company Bosch partnered with IOTA, integrating its new data collection Internet of Things (IoT) device with the decentralized IOTA Data Marketplace.
The device reportedly combines various sensor, data storage and network technologies so that users with varying levels of programming experience can collect data real-time, and sell it on the IOTA marketplace. At press time, the IOTA token is up 1.19 percent on the day, trading at $0.498.