After a sudden flash crash in the market on 30th October, cryptocurrency markets seem to have stabalised. The cause for a sudden flash crash was due to Bitstamp’s acquisition. Since then market has some what stabilized apart from some occasional bumps.
Litecoin, XRP, Tron, and IOTA show an upward trend, while both Bitcoin and Ethereum are showing a negative trend. Bitcoin Cash is moving sideways.
Litecoin’s price is slowly moving higher and it has recently broken a key resistance point of $50 after it went below $49 due to the cryptocurrency flash crash. Litecoin volume has seen a decrease. The current volume is $316 million while the previous day volume was $ 354 million.
XRP became the first cryptocurrency to show an upward trend after the cryptocurrency flash crash. But according to traders on Twitter, XRP is still showing bearish trends. XRP is currently trading at $0.45, 1.77% increase in the last 24 hours.
IOTA by far is showing the biggest upward trend among all the top 15 cryptocurrencies. The cryptocurrency is up by 2.67% in the last 24 hours. IOTA is currently trading at $0.48 and traders believe it should surpass the critical resistance of $0.50 in the next 24 hours.
The month of November began in a positive note with the markets adding $5 billion. Cryptocurrency markets have stabilised and are fluctuating within the range of $205 billion to $209 billion,
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