During the period from November 1-19, 2017, total cryptocurrency market capitalization increased from $182.65 billion to $233.63 billion (see Table 1.1). Over the past week (November 13-19, 2017) market capitalization grew by $33 billion, mainly due to Bitcoin, the capitalization of which increased from $104.98 to $129.6 billion, i.e. by $24.6 billion. Altcoin capitalization increased over the week by $8.4 billion (from $95.6 to $104 billion). The growth in altcoin capitalization was driven primarily by the exchange rates of Ethereum, Ripple, Litecoin, NEO, Dash, Monero, IOTA, Ethereum Classic, etc.; the capitalization of nearly all the top ten cryptocurrencies (except Bitcoin Cash) increased.
During the period from November 13-19, the exchange rates of Bitcoin, Ethereum, and Litecoin increased by 23.36%, 10.39%, and 11.56%, respectively. The Bitcoin Cash exchange rate fell by 6.39% over the same period, from $1,346.97 to $1,260.95.
Due to the renewed growth in the Bitcoin exchange rate, the price of which had increased from $6,295.50 to $7,766 by November 19, 2017, Bitcoin dominance increased from 52.3% to 55.5%. The Bitcoin exchange rate exceeded $8,000 for the first time on November 17, 2017.
https://www.coinspeaker.com/2017/11/22/weekly-cryptocurrency-ico-market-analysis-november-13-19-2017/
Topic: [2017-11-22]Weekly Cryptocurrency and ICO Market Analysis [November 13-19, 2017] (Read 1844 times)
November 22, 2017, 08:05:30 AM
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