After a weekend of little excitement, the top-20 cryptocurrencies are mostly in the green. As Cointelegraph reported earlier, traders and institutional investors took the blame for Bitcoin reaching highs of $8,460 during the weekend before its sudden drop to $8,200. However, analysts told Cointelegraph that it was more likely the combined selloffs by significant bagholders that triggered the momentary market slump.
Today, the world’s most popular cryptocurrency traded from an intraday low of around $8,280 up to $8,400 before hitting its current trading price of $8,368, showing a subtle gain of around 1.1% in the past 24 hours.
Bitcoin seven-day price chart.
Monday, Oct. 14 – Bitcoin started the week with little to no movement in price, touching the $8,400 price mark, while most of the top-20 coins are reporting slight gains.
Ether (ETH), meanwhile, is holding ground above $186. The number one altcoin hit its intraday low at $181, while slowly crawling upwards to its current trading price, up 3.14% at press time.
Ether seven-day price chart.
Ripple’s XRP and Stellar (XLM) are putting in a strong performance with gains over 6.5% over the past 24 hours. XRP is trading at about $0.295 per coin, while XLM is currently sitting at $0.065.
Ripple seven-day price chart.
All of the top-20 coins are showing moderate gains in the past 24 hours, with the exception of Unus Sed Leo (LEO), down 1.74%.
While not in the top-20 tokens by market capitalization, 0x (ZRX) has seen impressive gains of 16.17% over the past 24 hours to trade at $0.335 at press time.
The overall cryptocurrency market cap increased from $223.6 billion to $228 billion, with Bitcoin making up 66.48% of the total.