Yesterday, being Sept 27th, a notable change was observed in the crypto industry, the top 20 cryptocurrencies witnessed some significant growth in their respective prices. This could be attributed to the support coming from the government and institutional entities.
Following a sell-off that started on September 24, crypto markets are seeing the second day of a rebound, with daily trade volume now amounting to more than $22 billion. In the early hours of that same day (Sept 27th), the crypto market experienced a slight price stagnation within the day but later corrected itself to a more appealing price by the end of the day.
Bitcoin (BTC) is up by 4% over 24 hours period, trading currently at $6,735 as at the time of filling this report. The top cryptocurrency has overtaken two support levels within the day, seeing a sharp increase from an intraday average trading price of $6,500 to above $6,700. With that, Bitcoin is still down over 3 percent over the past 30 days.
Ethereum (ETH) also is up by 6.5% for the past 24hrs and up by 2% on the week. Currently, it is trading at $229.
The third cryptocurrency on the list, Ripple (XRP), is up 3.98 percent over the 24 hour period, and is trading at $0.54 at press time. This week marks a very good week for the XRP coin as it is up almost 60 percent over the past month.
Litecoin (LTC) and Bitcoin cash all rose to an appealing amount today, each trading currently at $64 and $558 respectively.