Price Analysis

While BTC, ETH & LTC Lose Billions, Tether Stands Out


This November, the crypto market is bleeding red. The top 10 cryptocurrencies. Let’s see how the currencies are faring today.

Top cryptocurrency

As per the Coinmarketcap data, Bitcoin is down by 8% (trading at $7,506.67) while Ethereum slid down by 10% (trading at $156.60). Bitcoin Cash and Litecoin both slid down by 9% (at $220.06) and 8%($50.02)  respectively.

However, Tether shows a slight rise in its price. The coin is currently trading at $1.00 against USD with a minimal rise of 0.19%. The current market cap of USDT is $4,119,302,118 USD with a 24hr market volume of $28,368,262,769 USD.

tether charts

However, tether price rose considerably against BTC in the last 24hrs and is trading at 0.00013327 BTC (with a 6.80% rise). Even the 7-day chart shows a healthy increase in the USDT prices against BTC. The reason for this increase is still unknown. However, we do hope that Tether continues its growth on a positive scale.

Checkout an hour early report of one of the crypto prices tracker. Tether price shows a considerable difference.

Will Tether price continue its growth rate? What about other cryptos, will they overcome this bearish trend? Let us know your views on our Facebook and Twitter pages.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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