Online Cryptocurrency Exchanges See Slight Decline on the Day, Bitcoin Cash Makes Minor Gains

Cryptocurrencies have witnessed a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after observing some growth yesterday, Nov. 12.

The prominent online cryptocurrency exchange Bitcoin (BTC) is down less than a tenth of a percent today, dealing at $6,370 at press time. Meanwhile, in the day, the lowest BTC price point was $6,345, with an intraday high aof $6,395. BTC has reduced around 1.34 percent over the last week.

The second biggest online cryptocurrency exchange Ethereum (ETH) has been dealing relatively stable on the day, varying between $210 and $206. ETH is down 1.26 percent over the past 24 hours, dealing around $207 at press time. In terms of a weekly view, the altcoin is low over 4 percent.

Ripple (XRP) has witnessed bigger variations over the 24-hour period, down by over 2 percent and dealing at $0.510 at press time. The coin is low almost 5 percent on its weekly chart. On its monthly chart, XRP is still nearly up by more than 22 percent.

Today, Cointelegraph stated that lawyers signifying payment startup Ripple in its ongoing securities lawsuit are trying to shift the case to a U.S. federal court. Court records approve the application to move the case from the state to federal level, which would permit Ripple to prove finally that its XRP token is not a security under U.S. law, should it win.

Bitcoin Cash (BCH), with a market cap of around $9.12 billion, is nearly up by 1.23 percent on the day and dealing at $522 at press time. BCH is the only coin out of the top 10, which has cracked the downtrend over the last 24 hours.

Today, lately re-opened Japanese online cryptocurrency exchange Coincheck declared it has resumed NEM (XEM) crypto token dealing after a restructuring of its podium by external “security experts.” In January, Coincheck confronted an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. At press time, NEM is dealing at around $0.109, up 1.55 percent on the day.

Total market capitalization of all digital currencies is over $210 billion as of press time, down from an intra-week high of $220.7 billion on Nov. 7, as per CoinMarketCap.

Earlier today, engineering and electronics company Bosch collaborated with IOTA, assimilating its new data collection Internet of Things (IoT) device with the decentralized IOTA Data Marketplace.

The device allegedly combines various sensor, data storage, and network technologies so that users who are interested in online cryptocurrency exchanges along with fluctuating levels of programming experience can garner data real-time, and sell it on the IOTA marketplace. At press time, the IOTA token is up 1.19 percent on the day, dealing at $0.498.

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