Bitcoin Now Higher Than $8.1K Again!

Bitcoin is now breaking back above $8,000 since there is a notable upward movement of BTC in the crypto markets. Also, there is a sharp growth of more than 8 percent for XRP while, at the press time, a few of the top 20 coins report losses.

The continuous drop of bitcoin’s dominance

On Oct. 6, after its tumble below $8,000, the dominant cryptocurrency, bitcoin, has broken $8,199 price point and also break above the threshold. The currency is trading at around $8,140, gaining an upward of about 2.7 percent as at press time. And over 7 days, BTC is now almost flat even though the coin obviously continues to grow. At press time, also trading at nearly $178 is Ether, ETH, which is up 2.07 percent on the day. Then, the second cryptocurrency by market cap is up by 5.7 percent over the past 7 days.

There’s a sharp rise in XRP following the Oct. 2 partnership of BitPay, the primary cryptocurrency payment processor, to support payments using XRP with Ripple’s investment arm Xpring. Over the past 24 hours, it has been up to over 9 percent. The altcoin is seeing almost 16 percent growth over the past 7 days, trading at $0.28 at the press time.

The winners and the losers

Among the top 20 coins that are seeing significant gains, XRP is still not the only coin. For more than 24 hours, by its market cap, the 15th coin, chainlink, is up by 8.32 percent. At press time, and among the top cryptos, it sees the most significant gains. In contrast, at press time, seeing a 1.1 percent loss is Unus Sed Leo.

Over the past 24 hours, there’s an addition of almost $2 billion by total market capitalization, as markets are reporting mixed signals. And as CoinMarkerCap indicates, total market cap accounts for nearly $317 billion at press time.