This article provides a quick overview of how the crypto markets have been doing—with the focus on Bitcoin (BTC), Ether (ETH), XRP, Chainlink (LINK), and Dogecoin (DOGE)—over the past 24-hour period.
To give you a rough idea of how well the crypto markets are doing today, 17 out of the top 20 cryptoassets (by market cap) are currently in the green (against the dollar).
All market data used in this article was taken around 13:25 UTC on 13 October 2019 from CryptoCompare, which also generated the price charts shown in this article.
Bitcoin (BTC) started the weekend at $8,295. In the past 24-hour period, it has gone up 0.89% to reach $8,441, which is the highest price it has been so far this weekend. Bitcoin’s market cap dominance is currently 66.78%.
Around one hour before this article was published, crypto trader Josh Rager offered this technical analysis of BTC-USD:
On October 11, blockchain analytics firm Glassnode had a look at how the number of Bitcoin addresses holding more than 1000 BTC has changed between the start of 2015 and now:
Ether is currently trading at $184.11, up 0.19% in the past 24-hour period.
According to crypto analytics firm The Tie, their (social media) sentiment analysis of Ether says that its current sentiment score is 86.38 (i.e. strongly positive).
XRP is currently trading at $0.2783, up 1.5% in the past 24-hour period. In the past 7-day period, the XRP price has gone up 7.45%.
On October 9, Cape Town-based FinTech startup Xago announced the launch of its XRP-only gateway and exchange in South Africa:
Although profit taking has resulted in the LINK price going down f11.6% from its week-high of $2.90 (achieved on October 9) to $2.563, where it is now, LINK has still managed to rack up impressive gains of 32.48% and 52.46% in the past 7-day and 30-day periods respectively.
On October 10, on day three of this year’s Devcon conference in Osaka, Japan, Sergey Nazarov, the CEO of Chainlink announced that his company will be launching seven new price reference data oracle networks on the Ethereum mainnet for cryptoassets BTC, DAI, USDC, ZRX, REP, WBTC, and BAT in addition to the one that is already live for ETH.
Chainlink explained on Twitter the purpose for launching these new price reference data oracle networks:
- “The new price reference data oracle networks are designed to give back to the Ethereum community & to grow the #DeFi ecosystem by giving developers easy access to high-quality pricing data that has been verified by the most decentrally secure oracle network.”
- These new reference data sets provide high-quality data to DeFi leaders like @compoundfinance and @synthetix_io and are available to all projects.”
Surprisingly, the highest gainer today amongst the top 30 cryptoassets (by market cap) is Dogecoin, which has gone up 12.24% in the past 24-hour period.