Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on Sunday, Nov. 11.
Digital Assets See Some Slight Losses Over the Last Three Days
Cryptocurrency markets have had an interesting week after a long period of boring price action and stability. Last week bitcoin cash markets lead the pack out of all 2000+ digital assets, climbing over 51% in value and touching a high of $638 per coin. Digital asset markets, in general, have all seen some slight losses as the top ten cryptocurrencies are down 1-3% except for stellar, cardano and the stablecoin tether. The entire market valuation of the whole crypto-economy is worth $215.9 billion and there's been $11.5 billion in global trades over the last 24 hours.
The top 10 cryptocurrencies on Nov. 10, 2018, at 10:00 a.m. EST.
Bitcoin core (BTC) prices are hovering around $6,406 per coin and there's around $3.7 billion in global BTC trade volume today. Following the BTC action, ethereum (ETH) prices are around $211 per ETH and the cryptocurrency is down 0.3% this weekend. Ripple (XRP) is down 0.9% today and each XRP is being swapped for $0.50 per token. Lastly, eos (EOS) has been officially bumped out of the fifth largest market capitalization and stellar (XLM) has taken its place. Stellar is currently trading for $0.26 per token and markets are up this Sunday 4.5%.
Bitcoin Cash (BCH) Market Action
The fourth largest market capitalization held by bitcoin cash (BCH) is down 0.5% over the last 24 hours. Data stemming from the last seven days shows BCH is down 1.7% overall for the week. Currently, BCH is trading at an average of $544 per coin with a market valuation of about $9.4 billion. The last 24 hours of trade volume shows BCH markets swapped $641 million this weekend. The top exchanges swapping the most BCH today include Lbank, Okex, Hitbtc, Binance, and Huobi Pro. The trading pairs today dominating BCH markets include USDT (35.2%), BTC (35%), ETH (10.2%), USD (7.7%), and KRW (3.1%).