Crypto Markets See Visible Drop Off as Major Coins Are in The Red


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                13 of the 20 top cryptocurrencies are in the red, with Bitcoin Cash and Ripple losing up to 4 percent over the day.
                <p></p><p dir="ltr">Wednesday, Nov. 8: most cryptocurrencies have seen a drop-off today, with the most visible losses seen by Bitcoin Cash (<a href="">BCH</a>) and Ripple (<a href="">XRP</a>), as data from <a href="" rel="nofollow,noopener" target="_blank">Coin360</a> shows. As of press time, the markets are seeing mixed signals, mostly staying in the red.</p><p dir="ltr"><img alt="" src="" title="Market visualization from Coin360"></p><p dir="ltr" style="text-align: center"><em>Market visualization from <a href="" rel="nofollow,noopener" target="_blank">Coin360</a></em></p><p dir="ltr">While in the beginning of the week Bitcoin (<a href="">BTC</a>) was <a href="">mostly</a> in the green, <a href="">up</a> almost to 2 percent on the day Monday, Nov. 5, today the major coin is hovering around zero, mostly staying in the red and trading around $6,450 as of press time.</p><p dir="ltr"><img alt="" src="" title="Bitcoin 7-day price chart"></p><p dir="ltr" style="text-align: center"><em>Bitcoin 7-day price chart. Source: CoinMarketCap <a href="" rel="nofollow,noopener" target="_blank">Bitcoin Price Index</a></em></p><p dir="ltr">Ethereum (<a href="">ETH</a>) is also about 2 percent down on the day, being traded slightly over $213 as of press time. The coin is seeing some stability after it <a href="">has regained</a> its second spot, bypassing Ripple (<a href="">XRP</a>) by <a href="">market capitalization</a>.</p><p dir="ltr"><img alt="" src="" title="Ethereum 7-day price chart"></p><p dir="ltr" style="text-align: center"><em>Ethereum 7-day price chart. Source: CoinMarketCap <a href="" rel="nofollow,noopener" target="_blank">Ethereum Price Index</a></em></p><p dir="ltr">Ripple (<a href="">XRP</a>), in its turn, is currently trading at $0.50, dropping as much as 5.6 percent over the day as of press time. As per its <a href="" rel="nofollow,noopener" target="_blank">weekly charts</a>, the currency has seen its peak on Tuesday, Nov. 6, when the coin temporarily <a href="">overtook</a> Ethereum as the second largest <a href="">altcoin</a>.</p><p dir="ltr"><img alt="" src="" title="Ripple 7-day price chart"></p><p dir="ltr" style="text-align: center"><em>Ripple 7-day price chart. Source: CoinMarketCap <a href="" rel="nofollow,noopener" target="_blank">Ripple Price Index</a></em></p><p dir="ltr">Total <a href="">market capitalization</a> of all cryptocurrencies is around $215 billion at the press-time, falling from $219 billion over the last 24 hours. According to daily trading volume, it has also dropped in comparison to <a href="">yesterday</a>, Nov. 7, hovering around $13.5 billion as of press time.</p><p dir="ltr"><img alt="" src="" title="Weekly total market capitalization chart"></p><p dir="ltr" style="text-align: center"><em>Weekly total market capitalization chart. Source: <a href="" rel="nofollow,noopener" target="_blank">CoinMarketCap</a></em></p><p dir="ltr">18 of the 20 major cryptocurrencies are in the red, with Bitcoin Cash (<a href="" rel="nofollow,noopener" target="_blank">BCH</a>), Ripple (<a href="">XRP</a>) and NEM (<a href="" rel="nofollow,noopener" target="_blank">XEM</a>) seeing the biggest drops in last 24 hours according to <a href="" rel="nofollow,noopener" target="_blank">CoinMarketCap</a>. BCH has lost a distinctive 4.8 percent after almost a week-long growth following its upcoming <a href="">hard fork</a>, which is backed by major crypto exchange <a href="">Binance</a>. As of press time, the coin was traded at around $589.</p><p dir="ltr">Dash (<a href="" rel="nofollow,noopener" target="_blank">DASH</a>) is the only crypto to see a slight growth among top 20 coins, up to 1 percent on the day and trading at around $167 as of press time.</p><p dir="ltr">Meanwhile, today, Nov. 8, two countries in <a href="">Asia</a> have called for clearer crypto regulation. The Deputy Prime Minister of <a href="">Thailand</a>, Wissanu Krea-ngam, <a href="">urged</a> to lawmakers to amend the existing legal framework for crypto &mdash; <a href="">set</a> in May 2018 &mdash; to meet the development of the technology, warning about possible dangers for consumers. In the meantime, <a href="">South Korea&rsquo;s</a> lawyers <a href="">have lobbied</a> the local government to speed up its work and expedite a legal framework for cryptocurrencies as well.</p><p dir="ltr">Yesterday, Nov. 7, crypto Twitter <a href="">saw</a> an extensive discussion in response to William Shatner&rsquo;s positive tweet about <a href="">Ethereum</a> (ETH) co-founder <a href="">Vitalik Buterin</a>.</p><p dir="ltr">The Canadian actor, most known for his role of captain James T. Kirk in Star Trek, <a href="" target="_blank" rel="nofollow,noopener">posted</a> a thumbs-up emoji tagging Buterin on Twitter, sharing the post to his 2.5 million followers. &nbsp;Shatner was then drawn into a debate over the ETH network&rsquo;s decentralization, showing familiarity with ERC standards in his rebuttal to &ldquo;crypto troll[s].&rdquo;

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