Crypto markets are seeing notable upward movement with Bitcoin breaking back above the $8,000 level.
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 a 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 threshold to break $8,100 price point. At press time, Bitcoin is up 2.75%, trading at around $8,140. While the coin is apparently continues to grow, BTC is now almost flat over a 7-day period.
Bitcoin 24-hour price chart. Source: Coin360
Ether (ETH) is up 2.07% on the day, trading at almost $178 at press time. Over the past 7 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 had partnered with Ripple’s investment arm Xpring to support payments with XRP on Oct. 2, XRP has seen a sharp growth today — up over 9% over the past 24 hours. At press time, the altcoin is trading at $0.28, seeing nearly 16% growth over the past 7 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 coin by its market cap, is up by 8.32% over the past 24 hours and sees the biggest gains among the top cryptos at press time.
In contrast, Unus Sed Leo (LEO) is down, seeing 1.1% loss at press time.
While markets are reporting mixed signals, total market capitalization added almost $2 billion over the past 24 hours. At press time, total market cap accounts for nearly $217 billion, according to CoinMarketCap.