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What is New on Cryptocurrency Ranking

What is New on Cryptocurrency Ranking image

Overview:

It seemed a week ago that the digital currency world is gaining its momentum. Ripple(XRP) drove the market which picked up about 200% in esteem and nearly overwhelmed Ethereum to end up as the second-largest digital currency by market cap. Nonetheless, that momentum has encountered difficulty supporting into this week, as Bitcoin floats in the $6,679, Ethereum stays at $228, and swell has settled quite recently above $0.54, starting late Friday evening, EDT, and as indicated by Coinmarketcap. 

Top Three Cryptocurrencies:

On September 27, the crypto market keeps on rising as the crypto and blockchain industry is seeing some help from legislative and institutional entities. Following a sell-off that began on September 24, crypto markets are seeing the second day of a rebound, with trade volume currently up to more than $16 billion. 

Bitcoin (BTC) is up at around 2.82 percent over the 24 hours duration, and trading at $6,679 at press time. Bitcoin is still down more than 3 percent in the course of recent days. 

Increasing throughout the day, Ethereum (ETH) is being traded at $228 at press time. As per Cointelegraph Ethereum Price Index, the altcoin is up for more than 6 percent in the course of recent hours at press time and more than 2 percent on the week. 

Ripple (XRP), gained its rank as the third largest cryptocurrency which is up at 3.98 percent over the 24-hour period and trading at $0.54 at press time. It is up very nearly 60 percent over the previous month. 

Summary:

Crypto markets have seen a rebound with total market value bouncing back greater than $220 billion only within a couple of hours. At press time, the total crypto market capitalization is $224 billion, with an intraday low of $212.9 billion. 

Bitcoin's dominance has marginally declined as the total market capitalization is continuously growing.

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