September 14 Market Update: Increase!
Sept. 14: Total market capitalization has risen nearly $ 12 billion today as green is available in almost all of the top 100 codecs.
Some coin in the top 20 is achieving double-digit growth with Ethereum (ETH) leading the way with more than 16% increase in the day.
Ethereum led the upward trend for the day to trade at $ 221.9 at the time of the press. After dropping below $ 170 and setting new lows this morning - Sept. 13, Ethereum has quickly rebounded to Sept. 9 prices, reversing momentum. The decline of the previous days.
However, Ethereum still fell about 9% in the week and fell more than 35% in the month.
Recently, co-founder Ethereum Vitalik Buterin commented that the growth dates "1,000 times" in the encoding space have ended. This has led him to be criticized by some members of the community for being a "pessimist," and the media has greatly influenced his speech.
Bitcoin (BTC) is trading above $ 6,500, up 2.55% over a 24-hour period.
After slightly slipping yesterday, today Bitcoin has risen sharply to $ 6,500. During the week, Bitcoin dropped more than 3%, with a monthly gain of 2.76%.
Of the top 10 coin codecs on CoinMarketCap, the coin showed an increase of 3 to 12%. No. 9 on the market was Monero (XMR), which is up 9.48%, trading at $ 115.76 at the time of writing, and soared to $ 116 earlier today.
However, the anonymous navigation altcoin has not regained the highs on the weekly chart at which the coin was trading above $ 119.
Other strong growth drivers in the top 10 were Litecoin (LTC), up 4.10% and trading at $ 55.20. EOS (EOS), up nearly 9.62% and trading at $ 5.48. Cardano (ADA) increased 4.62% to $ 0.07.
Among the top 20, DASH (DASH), IOTA (MIOTA), TRON (TRX) and VeChain (VET) both gained double digits as they grew from 9 to 13% over a 24-hour period. Dogecoin (DOGE) saw the weakest growth among the top 20 codecs when it rose only 2.65% and traded at $ 0.0065 at the time of writing.
As altcoin led the market recovery, Bitcoin's market advantage - or Bitcoin's market cap - fell slightly from its 58% peak in recent months. Up to the time of writing, the market advantage index of the BTC was 55.5%.
Total market capitalization increased 6%, equivalent to nearly $ 12 billion and reached $ 201 billion. However, the market capitalization has not reached the highest level of the week at $ 208.8 billion on Sept. 8.
The upside today was accompanied by more positive news about the access of potential institutional investors to Bitcoin and other encrypted assets. Today, reports have suggested that the US giant Morgan Stanley plans to provide Bitcoin clients with commercial transactions. Also this week Citigroup Inc. also said they are preparing new products based on their coding money.
Meanwhile, a joint statement from the World Economic Forum (WEF) said that DLTs such as blockchain could generate $ 1 trillion in new transaction value. in the next 10 years.