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="https://cointelegraph.com/tags/bitcoin-cash">BCH</a>) and Ripple (<a href="https://cointelegraph.com/tags/ripple">XRP</a>), as data from <a href="http://coin360.io/" 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="https://coinsonnews.com/wp-content/uploads/2018/11/crypto-markets-see-visible-drop-off-as-major-coins-are-in-the-red.png" title="Market visualization from Coin360"></p><p dir="ltr" style="text-align: center"><em>Market visualization from <a href="https://coin360.io/" rel="nofollow,noopener" target="_blank">Coin360</a></em></p><p dir="ltr">While in the beginning of the week Bitcoin (<a href="https://cointelegraph.com/bitcoin-price-index">BTC</a>) was <a href="https://cointelegraph.com/news/crypto-markets-see-widespread-wave-of-green-bitcoin-pushes-6-500">mostly</a> in the green, <a href="https://cointelegraph.com/news/crypto-markets-see-widespread-wave-of-green-bitcoin-pushes-6-500">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="https://coinsonnews.com/wp-content/uploads/2018/11/1541711346_433_crypto-markets-see-visible-drop-off-as-major-coins-are-in-the-red.png" title="Bitcoin 7-day price chart"></p><p dir="ltr" style="text-align: center"><em>Bitcoin 7-day price chart. Source: CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow,noopener" target="_blank">Bitcoin Price Index</a></em></p><p dir="ltr">Ethereum (<a href="https://cointelegraph.com/ethereum-price-index">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="https://cointelegraph.com/news/top-coins-see-mixed-signals-mostly-trading-sideways">has regained</a> its second spot, bypassing Ripple (<a href="https://cointelegraph.com/xrp-price-index">XRP</a>) by <a href="https://cointelegraph.com/tags/market-capitalization">market capitalization</a>.</p><p dir="ltr"><img alt="" src="https://coinsonnews.com/wp-content/uploads/2018/11/1541711346_450_crypto-markets-see-visible-drop-off-as-major-coins-are-in-the-red.png" title="Ethereum 7-day price chart"></p><p dir="ltr" style="text-align: center"><em>Ethereum 7-day price chart. Source: CoinMarketCap <a href="https://coinmarketcap.com/currencies/ethereum/" rel="nofollow,noopener" target="_blank">Ethereum Price Index</a></em></p><p dir="ltr">Ripple (<a href="https://cointelegraph.com/xrp-price-index">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="https://coinmarketcap.com/currencies/ripple/" rel="nofollow,noopener" target="_blank">weekly charts</a>, the currency has seen its peak on Tuesday, Nov. 6, when the coin temporarily <a href="https://cointelegraph.com/news/new-ripple-surge-sees-token-briefly-become-largest-altcoin-by-market-cap-again">overtook</a> Ethereum as the second largest <a href="https://cointelegraph.com/tags/altcoin">altcoin</a>.</p><p dir="ltr"><img alt="" src="https://coinsonnews.com/wp-content/uploads/2018/11/1541711346_293_crypto-markets-see-visible-drop-off-as-major-coins-are-in-the-red.png" title="Ripple 7-day price chart"></p><p dir="ltr" style="text-align: center"><em>Ripple 7-day price chart. Source: CoinMarketCap <a href="https://coinmarketcap.com/currencies/ripple/" rel="nofollow,noopener" target="_blank">Ripple Price Index</a></em></p><p dir="ltr">Total <a href="https://cointelegraph.com/tags/market-capitalization">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="https://cointelegraph.com/news/crypto-markets-see-mixed-signals-while-bch-and-xlm-grow-significantly">yesterday</a>, Nov. 7, hovering around $13.5 billion as of press time.</p><p dir="ltr"><img alt="" src="https://coinsonnews.com/wp-content/uploads/2018/11/1541711346_526_crypto-markets-see-visible-drop-off-as-major-coins-are-in-the-red.png" title="Weekly total market capitalization chart"></p><p dir="ltr" style="text-align: center"><em>Weekly total market capitalization chart. Source: <a href="https://coinmarketcap.com/charts/" 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="https://coinmarketcap.com/currencies/bitcoin-cash/" rel="nofollow,noopener" target="_blank">BCH</a>), Ripple (<a href="https://cointelegraph.com/tags/ripple">XRP</a>) and NEM (<a href="https://coinmarketcap.com/currencies/nem/" rel="nofollow,noopener" target="_blank">XEM</a>) seeing the biggest drops in last 24 hours according to <a href="https://coinmarketcap.com/" 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="https://cointelegraph.com/news/bitcoin-cash-spikes-20-percent-in-the-wake-of-upcoming-hard-fork-backed-by-binance">hard fork</a>, which is backed by major crypto exchange <a href="https://cointelegraph.com/tags/binance">Binance</a>. As of press time, the coin was traded at around $589.</p><p dir="ltr">Dash (<a href="https://coinmarketcap.com/currencies/dash/" 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="https://cointelegraph.com/tags/asia">Asia</a> have called for clearer crypto regulation. The Deputy Prime Minister of <a href="https://cointelegraph.com/tags/thailand">Thailand</a>, Wissanu Krea-ngam, <a href="https://cointelegraph.com/news/thai-deputy-prime-minister-calls-for-more-controls-for-cryptocurrencies">urged</a> to lawmakers to amend the existing legal framework for crypto &mdash; <a href="https://cointelegraph.com/news/thailand-legal-framework-for-cryptocurrencies-comes-into-force">set</a> in May 2018 &mdash; to meet the development of the technology, warning about possible dangers for consumers. In the meantime, <a href="https://cointelegraph.com/tags/south-korea">South Korea&rsquo;s</a> lawyers <a href="https://cointelegraph.com/news/south-korean-lawyers-association-lobbies-government-to-establish-legal-crypto-framework">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="https://cointelegraph.com/news/set-phasers-to-hodl-star-treks-william-shatner-tweets-in-support-of-vitalik-buterin">saw</a> an extensive discussion in response to William Shatner&rsquo;s positive tweet about <a href="https://cointelegraph.com/tags/ethereum">Ethereum</a> (ETH) co-founder <a href="https://cointelegraph.com/tags/vitalik-buterin">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="https://twitter.com/WilliamShatner/status/1060264704562655233" 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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