Bitcoin Price Stable, Altcoins Send Mixed Signals After Fresh Gains

Friday, Aug. 30 - after seeing some growth on the day, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals.

Bitcoin, which managed to climb over $9,600 earlier today, is now trading at $9,531, up around 0.1% on the day at press time.

Bitcoin dropped below the $10,000 threshold earlier this month on Aug. 28 amid a sharp sell-off that led to an 8% loss over the past 7 days.

Ether, the second cryptocurrency by market cap and the top altcoin, is down 0.7% to trade at $169 at press time.

Over the 7 days period, the altcoin is down 13%. On Aug. 20, crypto investor and Placeholder partner Chris Burniske argued that Ether has been experiencing its first mainstream bear market.

Ripple, the third top cryptocurrency by market cap, tumbled 1.8% over the past 24 hours and is trading at $0.25 at press time, which is a 7.9% drop over the past 7 days.

On Aug. 26, Twitter personality CryptoBitlord posted a tweet suggesting an XRP fork in order to fight against the alleged dumping from the founders.

While most of the top-20 coins by market cap are seeing minor movements, Ethereum Classic, the 17th largest crypto by market cap, is up 7.7%. As previously reported, one of the reasons for the recent ETC surge is the upcoming Atlantis hard fork, which is expected to occur on Sept. 13.

On the other hand, privacy-focused coin Monero is seeing the largest losses among 19 top peers on the day, down 1.9%. Meanwhile, total market capitalization does not see any notable changes over the day at press time, standing at $247 billion.

Daily trade volume dropped from $60 billion to $45 billion so far.