Crypto Markets Indicate Mixed Signals Following Recent Downturn in Price Movement

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According to reports, crypto markets have began to show mixed signals after the recent downturn. The top 20 virtual currencies are trading in the green. Bitcoin (BTC) only suffered minor losses, while Stellar (XLM) grew steadily throughout this past weekend.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$9,755.37-1.47%
stellar
Stellar
$0.065-2.74%

It appears XLM was the only coin that moved upwards. Similar to the rest of the top 20 digital assets, BTC is seeing mixed signs with the token’s price trading at $6,400 as of time of writing.

Since the start of this week, Bitcoin (BTC) managed to peak on Wednesday trading at $6,500. However, it started to decline before the week ended.

What Does the 7-day Chart Say?

Ethereum (ETH) the second largest digital currency by market cap, is in the green as well after steadily declining in recent days throughout the week. It was trading at $212 as of press time. While XRP (XRP) briefly overtook Ethereum (ETH) by market cap which repeated a pattern that has continued to re-occurred several times this year. ETH regained its position at the close of trade the following day.

XRP (XRP) is hovering around zero percent change on the day with its price at $0.50 as of press time. After a short take-off in the beginning of the week with the peak at Nov. 6, when XRP was trading at $0.55, the coin is back to the moving averages.

Total Market Cap Has Surpassed the Figure Attained Druing the Weekend

The total market cap of all digital tokens stands at $213 billion surpassing the $214 billion attained throughout the weekend. Although it went slightly backwards, it still stayed above the $207-210 billion areas held in October. As of Nov. 11 daily trading volumes have reached $11.7 billion.

Meanwhile in the United States, the Colorado State Securities Commissioner has issued a cease and desist order for four ICOs for offering unregistered securities. While Germany’s financial regulator has ordered partial cessation of the activities of U.K.-based crypto-related startup that offers cross-border trading. On South Korea, crypto exchange Zeniex had to close following the government crackdown on all unregistered crypto exchanges in the state.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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