There has been a small increase in crypto markets after yesterday’s decline. 17 of the 20 top cryptocurrencies has increased, according to CoinMarketCap data.
There was a decline in Bitcoin on yesterday and its price was under $6,500. But today there has been a 1,6 percent increase in 24 hours and it has reached $6,533.
One of the biggest increasements among the 20 cryptocurrencies is being seen on Etherum (ETH). The latest price of the major altcoin has had a 6,7 percent increasement and it has reached $223. Although its price was as low as $169 on 12th of September, it has increased 5.3 percent on the week.
The current worth of total market is $204 billion.
Tezos (XTZ) has seen the biggest gains among the top 20 cryptocurrencies on the day, according to the explanation. The latest price of XTZ is $1,68 and it has increased up to 26,4 percent in 24 hours.
Litecoin (LTC) and Monero (XMR) have also had a considerable increase since yesterday. Litecoin has increased 5,2 percent and its latest price is $57. On the other hand, Monero has increased 5,8 percent and its price has been nearly $120.
One of the few cryptocurrencies that have decreased is Dogecoin (DOGE). The altcoin has decreased 0,6 percent and its price is $0.006148. However, it has increased 8 percent in one week.
According to Silicon Valley venture capitalist and well-known Bitcoin evangelist Tim Draper, the whole cryptocurrency market cap will reach $80 trillion in the following 15 days thanks as the cryptocurrency industry will transform various markets.
The most considerable increase came after CEO of Galaxy Digital Capital Management Mike Novogratz claimed a low price on the crypto markets. According to the explanation made by the U.S. stock brokerage company EF Hutton, they have plans about making investments that cost $60 million in different crypto instruments at the beginning of the next year. In addition, the upcoming U.S. crypto exchange ACEx will be sponsored by the company.
According to some anonymous sources, U.S. banking giant Morgan Stanley might be planning to offer Bitcoin swaps. In this way, clients will be able to trade derivatives and they will not need to hold the actual cryptocurrency during the progress. This was claimed by Bloomberg, on 13th of September.