Bitcoin exchange rate November 6: Hardwork Bitcoin Cash supported the market
The cryptocurrency market is quite a positive weekend, with the result that we see an increase in the total capitalization of $11 billion At the beginning of the working week the bitcoin exchange rate jumped $100, stabilizing about $6,430. In this case, the index of dominance of BTC decreased by 2% to 52%, indicating a return of investor interest Aldona. They, for a number of reasons, and became the catalyst for the market over the past few days.
The most significant growth on Tuesday morning shows the token XRP, adding almost 12%. Probably, this dynamics is connected with the start of the XRP exchange CoinField in 61 countries. The token will be the underlying asset in 20 currency pairs on the platform, which certainly will strengthen the position of the cryptocurrency on the market.
The impressive growth of trade volume of nearly 7 times and showed the first fork of bitcoin – Bitcoin Cash (BCH). At the same time there was a sixfold increase in trading volumes and the price increase of 37%. This dynamic is linked to the upcoming hardforum in the network. If not all will support the updating algorithm of the network towards the implementation of smart contracts, it can lead to the formation of two chains. Investors rushed to increase their investments in this asset, as it is likely to get the same amount of free tokens in the event of a split network.
For the first time after the mainstream cryptocurrencies was found to be significantly more stable compared to equity indices, emerging from a heavy blow since the crisis of 2008. On the fall of the Nasdaq in October, by 9.2%, the price of bitcoin remains the island of stability.
Current challenges for the global economy, trade wars and “accidents”, like Venezuela’s economy, creates a very favorable framework for flow of funds in the direction of cryptocurrency. “The cat in the bag” yet remains a number of projects to attract in the crypto sector financial institutions, because the current stability of the market could falter because of money from wall Street.