The monero price surged to $250 after the cryptocurrency was the subject of several bullish announcements — and privacy-conscious users discovered another anonymity-centric cryptocurrency was not quite as private as they had initially believed.
Bitcoin Cash, Litecoin, and Ethereum price have declined by over 20 percent over the past 24 hours, as the entire cryptocurrency market experienced a major correction.
Bitcoin Cash declined to the $1,200 region for the first time since November 12, while the price of Ether has dropped below $400 after surging to nearly $500 in the past week.
All eyes have been on Bitcoin recently, as the cryptocurrency surpassed the $10,000 historic milestone for the first time in its nine-year history. The cryptocurrency’s rally continued its upward trajectory, up to $11,082 at press time. Its market cap hit $185 billion, and its dominance is currently at 55.2%. The cryptocurrency ecosystem’s market cap recently hit $335 billion.
The bitcoin gold price has been surging this week, in part due to the addition of BTG trading pairs to cryptocurrency exchange giants Bithumb and Bitfinex.
As CCN reported, bitcoin gold got off to a rocky start after forking away from the main bitcoin blockchain in early November. Beset by DDoS attacks, a third-party wallet scam, and questions about its developer premine, the bitcoin gold price languished below $200 for most of November.
Today, on November 23, the Ethereum and Bitcoin Cash price rose significantly within a 24-hour period, as the price of Ether surpassed $380 while Bitcoin Cash recorded a staggering 31 percent daily increase.
Bitcoin Cash’s Price Surge
Since last week, the price trend of Bitcoin Cash has demonstrated an inorganic growth rate, as it rose from $800 to $2,900, and fell back to $1,200.
Dash price set a new all-time high near $600 on Wednesday, bolstered by a protocol upgrade and a partnership announcement.
Dash Price Nears $600
Dash has been riding a record-setting wave for the past week and a half, and it extended that rally this morning with a 20 percent surge. As a result of this spike, the dash price reached as far as $584 on cryptocurrency exchange Bitfinex, representing a nearly 70 percent increase from November 12, when it was trading at $346.
This analysis marks the beginning of a new series called Behind the Coin where the author spotlights the lesser-known coins in the cryptocurrency space.
Monetha is a cryptocurrency payment gateway for merchants, providing a Decentralized Trust and Reputation mechanism, which is built-in together with payment processing. Monetha’s solution aims to help merchants and payment processors obtain access to customers that own Ether, which currently has a $35 billion market cap. Monetha is currently focused on building relationships and partnering with merchants.
The ripple price posted a double-digit advance on Thursday following the announcement of a major partnership with credit card giant American Express to process international payments.
Ripple Price Surges on AmEx Partnership
As CCN reported, American Express has partnered with Ripple, as well as British banking firm Santander UK, to create a blockchain payments channel between the U.
Cryptocurrency supporters generally welcomed the cancellation of SegWit2x in the wake of disagreement among developers and miners over the proposed solution to the need for a larger bitcoin block size. Crypto observers generally believe the fork would have had a negative impact on bitcoin.
The ethereum price appears to have broken out of its prolonged slump, despite lingering concerns over a bug in a widely used wallet that has locked more than $150 million in user funds.
Ethereum Price Attempts to Break Out of Slump
Ethereum — like most cryptocurrencies not named “bitcoin” — spent October on the sidelines as it watched the flagship cryptocurrency scale the charts, set new records, and gobble up larger and larger portions of the total digital currency market cap.
The Bitcoin Gold hard fork that caused a minor, temporary dip in bitcoin’s price a couple weeks ago has drawn both “boos” and “bravos” from the cryptocurrency community. Most observers voiced no problem with hard forks as a tool for competition and experimentation, but some see forks as compromising the perception of bitcoin’s limited supply, which they view as critical to its underlying value.
The bitcoin price stampede reached another milestone on Thursday, leaping above $7,000 with ease to set a new all-time high above $7,350. This record rally has launched the total cryptocurrency market cap to a new all-time high of its own, placing it in position to crack the $200 billion barrier within the near future.
On Wednesday, bitcoin carried the crypto market cap across the $185 billion threshold, enabling it to finally surpass the all-time high it set at the beginning of September before hostile Chinese regulators initiated a market downturn.
The bitcoin cash price has increased by more than 50% this week, reversing an extended decline that had threatened to submerge it into irrelevancy.
Like all cryptocurrencies, bitcoin cash took a beating following the early-September revelation that Chinese regulators had banned initial coin offerings (ICOs) and cryptocurrency exchanges. The bitcoin cash price made fits and starts as it attempted to recover from the downturn, but it demonstrated an inability to mount a sustained advance.
Earlier today, on October 29, the price of Bitcoin Cash surged by over 20 percent within a 24-hour span. Several major cryptocurrencies such as Ethereum’s native currency Ether also demonstrated an increase in their values, as the price of Ether rose by another six percent.
Bitcoin Cash Records a Significant Daily Increase in Price
For many months since its launch in August, Bitcoin Cash has substantially declined in value, dipping below $320 at one point.
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