Topic: [2017-11-30]Weekly Cryptocurrency and ICO Market Analysis [November 20-26, 2017] (Read 1242 times)

During the period from November 1-26, 2017, total cryptocurrency market capitalization increased by $100 billion, from $182.65 billion to $281.29 billion (as of November 26, 2017, 00:00 UTC, see Table 1.1). Over the past week (November 20-26, 2017), market capitalization increased by approximately $48 billion. Bitcoin alone accounted for $17.2 billion of this increase, as its capitalization increased from $129.6 billion to $146.79 billion. Altcoin capitalization increased over the week by $30.5 billion (from $104 billion to $134.5 billion). The growth in altcoin capitalization was driven primarily by the exchange rates of Ethereum, Bitcoin Cash, Bitcoin Gold, Ripple, Litecoin, Dash, Monero, Ethereum Classic, etc.; the capitalization of nearly all the top ten cryptocurrencies (except IOTA and NEO) increased.

During the period from November 20-26, the exchange rates of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin increased by 13.17%, 34.13%, 24.62%, and 27.95%, respectively.

The Bitcoin exchange rate continued to grow last week, increasing during this period from $7,766 to $8,789, and by the end of the week had even exceeded $9,500. However, its market dominance fell from 55.5% to 52.2%, with Altcoins playing a major role in this. In particular, the capitalization of Ethereum and Bitcoin Cash increased significantly, by $11 billion and $5 billion, respectively (see Table 1.1).

https://www.coinspeaker.com/2017/11/30/weekly-cryptocurrency-ico-market-analysis-november-20-26-2017/