Crypto Market Update: BTC, ETH, XRP, BCH, LTC, and ATOM

Siamak Masnavi

This article provides an overview of how Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), and Cosmos (ATOM) have been doing over the past 24-hour period and any interesting recent news that might have affected their prices (or might do so in the future).

To give you a rough idea of how well the crypto markets are doing today, 13 out of the top 20 cryptoassets (by market cap) are currently in the green (against the dollar).

All market data used in this article was taken around 07:20 UTC on 14 October 2019 from CryptoCompare, which also generated the price charts shown in this article.

BTC-USD

BTC-USD 24 Hour Chart - 14 Oct 2019.png

Although the Bitcoin (BTC) price is down 0.65% in the past 24-hour period, it is still up over 5% in the past 7-day period and over 35% in the year-to-date.

Bitcoin's current market cap is around $150 billion and its market cap dominance is 66.4%.

ETH-USD

ETH-USD 24 Hour Chart - 14 Oct 2019.png

Although the Ether (ETH) price is only up 1.07% in the past 24-hour period, last week's Devcon conference in Osaka Japan seems to have been instrumental in the ETH price going up 5.82% in the past 7-day period.

On October 10, Vitalik Buterin published a research paper titled "The eth1 -> eth2 transition" that said that this transition should not be painful provided that the suggested users/developers follow the suggested roadmap:

If you are an application developer or a user, and the roadmap described in this post is used to complete the eth1 -> eth2 transition, the changes and disruptions that you experience will actually be quite limited. Existing applications will keep running with no change. All account balances, contract code and contract storage (this includes ERC20 balances, active CDPs, etc etc) will carry over.

XRP-USD

XRP-USD 24 Hour Chart - 14 Oct 2019.png

The XRP price went up over 8% in the past 7-day period, which is not surprising given all the interviews Ripple CEO Brad Garlinghouse gave last week and, more important, the news that was announced:

  • On October 9, Ripple announced that it was going to "bring blockchain technology to Finastra’s banking customers." 
  • On October 11, Ripple's incubation and investment arm, Xpring, announced that it had invested in the startup behind the very popular BRD non-custodial crypto wallet, with the idea being that BRD would "build on Xpring to support and integrate XRP into the BRD wallet, which will enable their customers to hold, buy/sell, spend, and send XRP to anyone in the world."

BCH-XRD

BCH-USD 24 Hour Chart - 14 Oct 2019.png

The Bitcoin Cash (BCH) price has essentially been flat both over the past weekend and the past week. It's market cap is currently $4.08 billion.

On October 8, Bitcoin.com tweeted that the number of businesses around the world that accept Bitcoin Cash "has steadily increased over the last year":

LTC-USD

LTC-USD 24 Hour Chart - 14 Oct 2019.png

Litecoin, the sixth most valuable cryptoasset by market cap, is trading at $56.98, up 1.19% in the past 24-hour period. Litecoin's market cap is around $3.6 billion.

Yesterday (October 13), Litecoin celebrated its eighth birthday (since the Litecoin network was launched at 03:00 GMT on 13 October 2011). 

Litecoin creator Charlie Lee acknowledged and celebrated Litecoin's birthday by sending the following tweet:

ATOM-USD

ATOM-USD 24 Hour Chart - 14 Oct 2019.png

ATOM is trading at $3.015, up 5.86% in the past 24-hour period.

With a market cap of $574.93 million, ATOM is the 20-th most valuable cryptoasset. 

On October 11, Aragon One, "a company that encompasses the foundational team working on the Aragon Project, announced via a blog post that it was planning to build Aragon Chain with the help of Cosmos SDK and Ethermint:

By having a chain with EVM support, aragonOS and all existing Aragon apps can be deployed to Aragon Chain without any work. The Tendermint proof of stake algorithm is the most battle-tested PoS consensus currently available, having secured over a billion dollars in value.

 

Featured Image Credit: Photo via Pixabay.com