Bitcoin Sees Discrete Losses as Most Top Cryptos See Gains

Source: CoinMarketCapAs Cointelegraph reported yesterday, new data suggests that bitcoin’s growth is explained by its maturation as an asset based on conversations surrounding the leading cryptocurrency.Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $26.6 billion.

The second-largest altcoin, XRP, has a market cap of $17.4 billion at press time.CoinMarketCap data shows that ETH is up over 8% over the last 24 hours.

Source: CoinMarketCapRipples’ director of regulatory relations, Ryan Zagone, stated earlier this week that technology needs to be a national issue for the United States, with digital currencies and blockchain to be recognized within that goal.Among the top 20 cryptocurrencies, the ones reporting the most notable gains are nem (XEM), which is up nearly 27%, and stellar (XLM), which is up nearly 15%.At press time, the total market capitalization of all cryptocurrencies is $246.3 billion, over 23.5% higher than the value it reported a week ago.Total market capitalization 24-hour chart.

The CBOE Volatility Index (VIX), on the other hand, has lost a solid 3.16% on the day at press time.Major oil futures and indexes are seeing mixed movements today, with WTI Crude up 1.19%, Brent Crude up 0.93% and Mars US up 0.35% at press time.