A day before yesterday being the 15th day of October 2018, Bitcoin was finally able to near in on the $7,000 threshold, though for a very brief period of time. Currently, the global digital asset has dropped by almost 8.2% and is trading at $6,547 as at the time of filling this report. Before the price of BTC spiked up to that level, there had been an immense bearish pressure which projected its price to as low as $6,236.
However, the 2nd Largest cryptocurrency by market capitalization did not witness the high spike in price observed by other digital assets in the top ten list, but it managed to cross the sub $200 range, making it a plus on its side. Over the past 48 hours, ETH was able to make a good market push, even sending the currency close to the $240 mark after quite some time. But this glory seem not to have lasted for long as it has now dropped to a more comfortable price point of $207, seeing a 0.14% gain in the past 1 hr.
Two other alt-coins that have witnessed a decent market spell over the past few days include Stellar Lumens (XLM) and Ripple (XRP), with both of the aforementioned assets currently sitting in the ‘green zone’.
In regards to XRP’s value, after witnessing a massive upswing that saw the price of a single token scale up to an amazing $0.70, the 2nd Largest alt-coin after ETH has once again stabilized and is now trading at $0.4642— thus showcasing a relative gain of around 0.23% over the past 1 hour.
Similarly, XLM too has witnessed a hike of 3% over the last 48 hours, thus sending the price of the currency close to the $0.237 region.