Crypto Markets Shaky but Most Top Coins See Only Mild Losses

[Nikko]

Thursday, Nov. 22: after a period of tumult, the crypto markets are today somewhat calmer, with most of the top ten cryptocurrencies seeing only mild losses capped beneath a 3 percent range. A scattering of top twenty coins are even tipping into green, as data from Coin360 shows.

Market visualization by Coin360

Market visualization by Coin360

Bitcoin (BTC) has today jaggedly veered between below $4,450 and $4,630; as of press time, the top coin is at $4,517, down 0.4 percent on its 24-hour chart. After a further sell-off brought Bitcoin to as low as $4,300 Nov. 20, the asset has traded over the past couple of days circling the $4,500 mark.

On the week, Bitcoin is almost 18 percent in the red; monthly losses are at a grim 30.6 percent, according to CoinMarketCap.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

The now second-largest ranked crypto asset, Ripple (XRP), is down 0.3 percent on the day, trading at $0.44 to press time. Today, with a market share of $17.6 billion — as compared with Ethereum (ETH)’s $13.6 billion — the alt is holding on to its margin ahead of the latter.

On the week, Ripple is 1.5 percent in the red, with monthly losses at around 2.7 percent.

Source: https://cointelegraph.com/news/crypto-markets-shaky-but-most-top-coins-see-only-mild-losses