Crypto Markets See Mixed Signals, Ethereum Beats Ripple by Market Cap

Saturday, September 22: crypto markets have seen a mix of red and green, with Ethereum having passed Ripple to come back to be ranked the second top cryptocurrency by market cap, according to CoinMarketCap.

Ethereum has regained its position as the top second cryptocurrency by market cap, having overtaken Ripple by some $2 billion, with a market cap of $24.4 billion at press time.

Ethereum is still down around about 15 percent over the past 30 days, while seeing similar gains of around 15 percent over the week.

In contrast, Ripple has seen a notable decline over the day, down almost 8 percent over the past 24 hours.

Total market cap has been hovering slightly above the $222 billion point over the day, with an intraday high of $227 billion and low of $219 billion.

Over the past 48 hours, the crypto markets have gained at least $20 billion.

Bitcoin's dominance on the market is seeing a significant decline this week, down from 55 percent a week ago to 51.9 percent at press time.

The majority of the top 20 coins by market cap have seen small fluctuations in the interval between 5 percent down and 4 percent up over the past 24 hours, with Stellar, Cardano, Tezos seeing losses today, according to CoinMarketCap.

The seventh top cryptocurrency by market cap, Litecoin, is up almost 4 percent, trading at around $60 at press time.

Crypto markets have seen a notable recovery over the past 48 hours, with Bitcoin having tested $6,700 support level after dropping to as low as $6,229 earlier this week.