Crypto market reinvigorated: Bitcoin (BTC) jumps above $6,500 but still lags behind Ripple and Bitcoin Cash stellar rise

All major coins are growing strongly amid a combination of technical and fundamental factors.
Bitcoin settles above critical technical level as the market poses for important SEC decision.

The news that the US SEC is about to make a decision about Bitcoin ETF reinvigorated the cryptocurrency market. All to-20 coins (except for Tether) are in the green zone, growing from 0.2% to 10% on a daily basis. The total value of the digital assets jumped to $220B from $213 on Tuesday.

Bitcoin rushed above $6,500 and touched $6,538 handle during early Asian hours before settling down at $6.528 by press time. The world's biggest virtual coin broke an important technical level and gained nearly 2% since this time on Tuesday.

Ethereum is changing hands at $220, gaining 5.8% on a day-on-day basis. The second largest coin with the current market value of $22.5B is moving within a short-term bullish trend amid expanding volatility. The intraday high is reached at $223.

Ripple's XRP had a very successful start of the week. The coin is trading at $0.5385, off the recent high touched at $0.5678 during Tuesday trading. XRP/USD has gained over 18% in recent 7 days to become one of the best-performing coins. On a daily basis, XRP is up 6%.

Bitcoin Cash is a growth leader. BCH/USD has grown 10% in recent 24 hours and touched $636 high during early Asian hours on Wednesday. The fourth largest coin continues pumping ahead of the hard fork scheduled on November 15, which makes it vulnerable to a sharp correction. Currently, BCH/USD is changing hands at $619.

TOP-20 leaders and outsiders of the recent 24 hours

Bitcoin Cash and Ripple are the growth leaders with 10% and 6% gains respectively.
Monero and Dash are outsiders with less than 1% gains.

What's going in the crypto universe

The US Securities and Exchanges Commission stopped accepting comments about Bitcoin ETF, the regulator takes time to make a decision.

Dash Text service comes to Venezuela allowing the citizens to send digital coins with their mobile phones via text messages.

Ripple's XRP once again overtook Ethereum by market value amid speculations of Apple Pay integration.

Share: Cryptos feed

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.