Thursday, Oct. 10 — Following an impressive rally yesterday, major crypto markets have slowed to trade in the red over the past day. Bitcoin (BTC) has stuck to $8,600, while other major coins are experiencing a downward trend.
Cryptocurrency market daily overview. Source: Coin360
After jumping from an intraday low of around $8,200 up to nearly $8,600 yesterday, Bitcoin has been hovering around that price mark over the past 24 hours, posting a daily high of $8,677 and low of $8,466. At press time, the leading coin is trading at around $8,576, down 0.34% on the day.
Meanwhile, the trading volume of BTC futures on the Intercontinental Exchange’s Bakkt platform reportedly soared to 224 contracts on Oct. 9 — 796% higher than the previous day, representing an all-time high for the platform.
Bitcoin 24-hour price chart. Source: Coin360
Top altcoin Ether (ETH) has lost about 0.18% during the past 24 hours and is trading at around $191.84 at press time. In terms of its weekly performance, the altcoin has remained relatively quiet, with moderate gains and losses.
As he said at a conference earlier in the day, the chairman of the United States Commodity Futures Trading Commission believes Ether to be a commodity — and that ETH futures trading is becoming a reality.
Ether seven-day price chart. Source: Coin360
XRP has experienced more notable losses over the past day, dropping by more than 3% to trade at around $0.273. The altcoin’s weekly chart is showing its price increasing by a respectable 9.35%, while its monthly gains are 5%.
On Oct. 9, Cointelegraph reported that Ripple Labs, the administrator of blockchain payments network Ripple, came under criticism for allegedly misleading representations that it “discovered” — rather than created — the XRP token.
XRP’s seven-day price chart. Source: Coin360
On the top-20 cryptocurrencies list, only Algorand (ALGO) and Tether (USDT) are trading in the green zone, up by 6.88% and 0.2% respectively. The biggest losers on the day among the top-20 coins are Chainlink (LINK) and Ethereum Classic (ETC) with losses of 4.22% and 3.78% respectively.
Earlier today, cryptocurrency exchange OKEx announced the end of Monero (XMR), DASH, Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) trading on its platform. OKEx reports having received a request to end the transaction support and review the compliance with the 'Travel Rules' according to the Financial Action Task Force recommendations.
Keep track of top crypto markets in real time hereOriginal Article – CoinTelegraph.com