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Bitcoin has long been the first driver of the cryptocurrency market although which has begun to change in recent years.
The main ethereum coins, litecoin, Ripple's XRP and bitcoin funds, which together with bitcoin make up the five most valuable crypto-currencies, have all risen sharply today, with bitcoin still on hold –with the market prepared for a fireworks this week.
The price of bitcoin, which has increased by only 0.5% in the last 24 hours, has been left in the dust by Ripple's XRP, up 10%, Ethereum by almost 8%, and by Litecoin and bitcoin amounts up 6%.
The price of bitcoin has not been as good as that of Ethereum, XRP, Litecoin and Ripple bitcoin.
LightRocket via Getty Images
The rise in XRP from Ripple, which has led the market up today, is probably a response to the reports an imminent fork of the chip, caused by a civil war that is brewing in the XRP community, will come to nothing.
The XRP community has recently become increasingly concerned because Ripple has sold XRP to its customers to fund various investments.
Ripple revealed in July an increase in XRP sales of about 48% from one quarter to the next. It is estimated that Ripple has about $ 60 billion of the existing 100 billion XRP chips.
"I'm thinking of using XRP to avoid having to worry about the dumping of our founders", Twitter user and XRP investor, CryptoBitlord, & nbsp;wrote in August. "It will be a community effort."
A change.org & nbsp;petition& nbsp; Calling Ripple to stop "dumping" XRP has registered more than 3,600 signatures since its inception last month.
Bitcoin, & nbsp;which has climbed 200% so far this yearhas meanwhile traded sideways over the last two months & nbsp;while market watchers are watching global regulators, technology giants and Facebook's balance, for example, to detect possible signals about the future of the bitcoin and cryptocurrency market.
However, the prevailing sentiment in the broader cryptocurrency market has been spurred by Bitcoin's dominance, a measure of Bitcoin's value relative to the rest of the crypto market, reaching levels never seen since nearly two years. years.
"The dominance of Bitcoins is now comparable to that prevailing even before the existence of a developed market for altcoins," said Mati Greenspan, market analyst at eToro. Twitter. "Hard to see him get much stronger from here."
The domination of bitcoins reached 70% this month, compared to just over 50% at the beginning of this year, according to CoinMarketCap The data.
The price of the XRP has struggled so far this year, as has the larger market for altcoin, while bitcoin has skyrocketed.
Coindesk
Elsewhere, ethereum investors were encouraged by the news the ethereum network has handled the greatest activity in its history.
Stellar, the tenth largest cryptocurrency in the world, also posted strong gains today, with an increase of more than 10%.
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Bitcoin has long been the main driver of the cryptocurrency market, although it has begun to change in recent years.
The main ethereum coins, litecoin, Ripple's XRP and bitcoin funds, which together with bitcoin make up the five most valuable crypto-currencies, all rose sharply while bitcoin remained in abeyance. market being ready for a fireworks this week.
The price of bitcoin, which has increased by only 0.5% in the last 24 hours, has been left in the dust by Ripple's XRP, up 10%, Ethereum by almost 8%, and by Litecoin and bitcoin amounts up 6%.
The price of bitcoin has not been as good as that of Ethereum, XRP, Litecoin and Ripple bitcoin.
LightRocket via Getty Images
The increase in Ripple's XRP price, which has led the market to rise today, is likely a response to rumors that the imminent token range, caused by a civil war raging within the XRP community, will serve no purpose.
The XRP community has recently become increasingly concerned because Ripple has sold XRP to its customers to fund various investments.
Ripple revealed in July an increase in XRP sales of about 48% from one quarter to the next. It is estimated that Ripple has about $ 60 billion of the existing 100 billion XRP chips.
"I'm thinking of forging XRP so we do not have to deal with the dumping of the founders", Twitter user and XRP investor, CryptoBitlord, wrote in August. "It will be a community effort."
A petition from exchange.org calling on Ripple to stop "dumping" XRP has registered more than 3,600 signatures since its inception last month.
Bitcoin, which has climbed some 200% this year, has traded in the last two months as market watchers watched global regulators, technology giants and Facebook's gender balance to detect potential market opportunities for bitcoin and cryptocurrency. could go next.
However, the prevailing sentiment in the broader cryptocurrency market has been spurred by Bitcoin's dominance, a measure of Bitcoin's value relative to the rest of the crypto market, reaching levels never seen since nearly two years. years.
"The dominance of Bitcoins is now comparable to that prevailing even before the existence of a developed market for altcoins," said Mati Greenspan, market analyst at eToro. Twitter. "Hard to see him get much stronger from here."
Bitcoin's dominance reached 70 percent this month, compared with just over 50 percent at the beginning of this year, according to data from CoinMarketCap.
The price of the XRP has struggled so far this year, as has the larger market for altcoin, while bitcoin has skyrocketed.
Coindesk
Elsewhere, ethereum investors were encouraged by the news the ethereum network has handled the greatest activity in its history.
Stellar, the tenth largest cryptocurrency in the world, also posted strong gains today, with an increase of more than 10%.