In the fourth week of October (October 23-29, 2017) there was a slight reduction in total cryptocurrency market capitalization from $172.59 to $169.1 billion, i.e. by 2% (see Table 1.1). During the period from October 23-29, the Bitcoin, Ethereum, and Litecoin exchange rates fell by 4.68%, 1.39% and 6.18%, respectively.
Over the week the Bitcoin exchange rate depreciated from $6,036.66 to $5,754.40. Since the beginning of the month, the exchange rate has ranged from $4,164.05 (on October 5, 2017) to $6,255.71 (on October 29, 2017), i.e. by more than $2,000.
Over the week the Ethereum exchange rate fell from $300.55 to $296.40. Since the start of the month, the exchange rate of this cryptocurrency has ranged from $277.57 (on October 23, 2017) to $349.35 (on October 16, 2017), i.e. by more than $70.
The cryptocurrency dominance indicators on the market did not change markedly, and equaled 56.7% (Bitcoin), 16.7% (Ethereum), and 1.7% (Litecoin) of total cryptocurrency market capitalization. Altcoin dominance (%) increased slightly during the week, and equaled 43.3%.
The Smith + Crown Index in October ranged from 8,713 to 11,800 due to market fluctuations and the performance of two cryptocurrency hard forks. As at October 29, 2017, the index equaled 11,054.
https://www.coinspeaker.com/2017/11/01/weekly-cryptocurrency-ico-market-analysis-october-23-29-2017/
Topic: [2017-11-01]Weekly Cryptocurrency and ICO Market Analysis [October 23-29, 2017] (Read 1525 times)
November 01, 2017, 04:30:26 PM
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