Crypto Market Volume Remains Unchanged Over Past Week
Total crypto market cap has remained practically unchanged over the last week of September, according to the analytical resource CoinMarketCap.
The crypto market volume was $226.5 billion on September 24. As of October 1, 06:20 (UTC), this figure is $223.018 billion. Thus, the correction was less than one percent. The minimum indicator of $205.8 billion was fixed on Tuesday, September 25. The trading volume amounted to $15.22 billion over the past day.
The first cryptocurrency remained stable at the end of September. Bitcoin slightly lost in price, it’s valued at $6618 on October 1, 06:20 (UTC). A week ago, bitcoin cost $6703. Sharp changes occurred on September 28, when the price of the first cryptocurrency increased by almost 4% in several hours, then it returned to the previous index of $6522 on the night of 28/29 September. Over the past 24 hours, the bitcoin trading volume amounted to $4.035 billion.
In the past week, ether dropped in price by 4.5%, its cost is $230.21 at 06:20 (UTC), October 1. Ripple ranks the third cryptocurrency in the rating, its price increased by 2.7% to $0.591.
The value of the rest top ten cryptocurrencies, included to the rating, has also not seriously changed by analogy with the total market volume. Stellar and Litecoin showed similar figures, the value of both assets increased by one percent. The price of other cryptocurrencies has undergone a slight correction. EOS lost in value 3.5%, Cardano — 4.5%, and Monero — 4.8%. All the first ten cryptocurrencies were in the "green zone" last day.
As previously reported, Tom Lee, the head analyst and founder of Fundstrat Global Advisors, predicted the cost of ether at $1900 by the end of 2019. Investor Mike Novogratz believes that the price of bitcoin may rise by 30% in late 2018.