Statistics from CoinGabbar show that during the past 12 hours,
Most cryptocurrency market values have been volatile.
As a result, the prices of Bitcoin (BTC), Ether (EHT), Cardano (ADA), and Ripple (XRP) all remain highly volatile.
At the time of writing, the global cryptocurrency market cap fell 1% in the last 24 hours to $0.957 trillion. As per CoinGabbar data, the total crypto market volume over the last 24 hours was $52.66 billion.
At the time of writing, the crypto market leader, Bitcoin price is trading at $19,156. This follows a 0.14% drop in the last 12 hours. As a result, its market capitalization stands at $367.45 billion. As per CoinGabbar statistics, ETH, the second largest cryptocurrency by market cap, is currently trading at $1,286.95, which decreased 0.7% in the last 12 hours. Furthermore, its price has decreased by 3.5% in the last week.
Top Cryptocurrencies Price Action
The price of Solana (SOL) has dropped by 0.25% in the last 12 hours. SOL is currently ranked 9th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of SOL was trading at $29.98.
However, the price of Decentraland (MANA) has climbed by 3.45% in the last 12 hours. MANA is currently ranked 45th in CoinGabbar's top cryptocurrency ranking in terms of market cap. At the time of writing, the price of MANA was trading at $0.639.
Quant (QNT) continues to gain traction among cryptocurrency traders and influencers. It increased by 10% in the last 12 hours and is currently trading at $181.
What Turns Crypto Market Stable?
Despite a strong pullback in the US equity markets on Friday, Oct 14, Bitcoin (BTC) and the broader crypto market have remained rock solid with little volatility. As a result, what we are seeing today may be the first indicators of Bitcoin's long-term decoupling from the US equities market. If the weakening of the correlation between crypto and equities continues, this might be a positive indication for the broader crypto market. Major Events Around the World
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COINGABBAR VIEWS: If the stable momentum trend has continued, fresh investments have increased. If the current situation persists, the market will most likely strengthen further. The market's positive trend has been observed after some time, and it appears to be continuing, as evidenced by the current influx.
