Crypto markets are seeing notable upward movement with Bitcoin breaking back above $8,000.
Monday, Oct. 7 — Crypto markets are seeing notable upward movement, with Bitcoin (BTC) breaking back above $8,000.
While a few of the top 20 coins report losses at press time, XRP is seeing sharp growth of over 8%.
Market visualization. Source: Coin360
Bitcoin’s dominance continues to drop
After Bitcoin tumbled below $8,000 again on Oct. 6, the major cryptocurrency has broken back above the $8,100 threshold. At publishing time, Bitcoin is up 2.75%, trading at about $8,140. BTC is now almost flat over a seven-day period.
Bitcoin 24-hour price chart. Source: Coin360
Ether (ETH) is up 2.07% on the day, trading at almost $178 at publishing time. Over the past seven days, the second cryptocurrency by market cap is up by 5.7%.
Ether seven-day price chart. Source: Coin360
After major cryptocurrency payment processor BitPay partnered with Ripple’s investment arm Xpring to support payments with XRP on Oct. 2, XRP has seen sharp growth — up over 9% over the past 24 hours. At publishing time, the altcoin is trading at $0.28, seeing nearly 16% growth over the past seven days.
Ripple seven-day price chart. Source: Coin360
Winners and losers
Still, XRP is not the only coin among the top 20 that is seeing significant gains. Chainlink (LINK), the 15th-biggest coin by market cap, is up by 8.32% over the past 24 hours — the biggest gains among top cryptos at publishing time.
In contrast, Unus Sed Leo (LEO) is down, seeing a 1.1% loss at publishing time.
While markets are reporting mixed signals, total market capitalization has risen by almost $2 billion over the past 24 hours. At publishing time, total market cap accounts for nearly $217 billion, according to CoinMarketCap.
