Crypto Market Cap Decreases By 2.7% Over Past Week
Total crypto market capitalization has undergone a slight correction of 2.7% over the past week, according to CoinMarketCap.
The crypto market indicators continue to decline for the second week in a row. The market volume was $224.5 billion on October 1, but currently it is estimated at $218.36 billion as of 05:52 (UTC), October 8. During the week, the most minimal indicator of the market volume was recorded at $213.9 on October 3. Total losses amounted to 3.6% over the past two weeks.
Bitcoin's price losses in the amount of 0.8% are insignificant. The cost of the first cryptocurrency was $6648 on October 1, then it was corrected to $6592 at 05:52 (UTC), October 8. The market capitalization of bitcoin is $114.1 billion. The daily trading volume is $3.28 billion.
Last week, ether devalued by 3.4%. The cost of the cryptocurrency was $233 on October 1, then it was corrected to $225.15 at 05:52 (UTC), on October 8. The market cap of ether is $23.05 billion, and its trading volume is $1.39 billion for the past 24 hours.
The rating of top 10 cryptos hasn’t changed, but the price of some assets has undergone a serious correction. Following the successes of the second half of September, XRP continues to lose value, and this time the cryptocurrency price decreased by 17.7%.
The remaining assets of the top 10 slightly lost in the price. The cost of Stellar decreased by 5.7%, Litecoin — by 5.5%. Bitcoin Cash declined by 4%, Monero — 3.2%, Cardano — 1% and EOS — 0.5%. USDT is positioned eighth in the ranking.
As previously reported, the number of transactions using SegWit reached 53% in the Bitcoin network for the first time.