Crypto Markets See Widespread Wave of Green, Bitcoin Pushes $6,500

November 6, 2018

 

Crypto markets are seeing a wave of decent growth, with all of the top twenty cryptocurrencies by market cap in the green. Bitcoin (BTC) is today up close to two percent, trading around $6,400 at press time. Since sustaining mild losses Oct. 29-31, the top coin has in early November been edging close to the $6,400 mark, but failed to break through until today’s solid boost.In a tweet today, crypto commentator Joseph Young underscored the comparatively higher trade volumes for Bitcoin, which are today at around $4.4 billion for the 24-hour period, according to CoinMarketCap (CMC). CMC’s historical data shows a trend of rising BTC trade volumes, which had stagnated towards $3.2-3.6 billion multiple times in October – notwithstanding the market rally Oct. 15, when volumes briefly spiked to almost $7.4 billion. On the week, Bitcoin is now around 2.2 percent in the green, with monthly losses at 3.3 percent.

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