Bitcoins market share at a 5-week low

Cryptocurrency prices are up on Tuesday, led by XRP, the coin that uses the Ripple protocol, which is posting double-digit gains in Tuesday's trading.

The underperformance of Bitcoin, the No. 1 digital currency, pushed its market share of all cryptocurrencies to 51.8%, its lowest level in 5 weeks.

Bitcoin late

BTCUSD, + 0.28%

traded at $ 6,427.97, up 0.2% from Monday at 5 pm Eastern Time on Kraken Cryptocurrency Exchange.

While stock markets continue to make headlines, said an analyst, by the end of the year, an anticipated Christmas present could arise for digital currency owners.

"In traditional markets, it is very common to see a rebound in equities by the end of the year due to increased activity in the private sector during the holidays. However, after a volatile October, combined with uncertainties surrounding Trump's trade war and the Fed's monetary policy, prices have been less than positive in recent weeks, "wrote Mati Greenspan, Senior Market Analyst at eToro. .

"It may be too early to say, after all, we've only seen very modest gains in crypto this week, but it's very possible that we were attending a Santa Claus demonstration in the crypto markets. . "

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XRP moves closer to second place

XRP is leading altcoins, crypto-currencies other than Bitcoin, higher Tuesday. Analysts Announce 200-Day Moving Average Breakdown, a Highly Monitored Technical Indicator, for Rise, Which Has Only One XRP

XRPUSD, + 9.04%

coin trading at 53 cents, up 10.2%.

XRP is getting closer to Ether for second place in the list of the largest digital currencies. Its market capitalization was $ 21.4 billion, compared with $ 21.7 billion at Ether.

Elsewhere, Ether

ETHUSD, + 3.60%

was up 3% at $ 212.94, Bitcoin Cash

BCHUSD, + 8.66%

was up 7.8% to $ 596.60 and in Litecoin

LTCUSD, + 2.56%

had gained 2.5% to $ 54.45.

Bitcoin futures are trading higher on Tuesday. The November contract of Cboe Global Markets

XBTX8, + 0.31%

was $ 6,405, up 0.2%, while the November CME Group contract

BTCX8, + 0.39%

had added 0.3% to $ 6,410.

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