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Ether, XRP rises to a month high as Bitcoin falls



Demand for alternative cryptocurrency has seen results increase over the past 24 hours despite the fact that bitcoin (BTC) failed to raise a new leg.

The question of "all season", a period when alternative crypto sees significant growth regardless of BTC's results, is finally here.

Ether (ETH) and XRP (XRP) rose between six to 10 percent a day, supported by solid demand seen in large 24-hour trading volumes.

The event marks a deviation from recent weeks with BTC's dominance rating, a share of the total crypto market value, after hitting a 30-month high of 70 percent earlier this month.

This figure has since fallen to 68.3 percent as interest in alternative cryptos begins to pick up again.

As seen above, both XRP and ETH experienced rapid rallies in their price between 17:00 and 15 September, 18 September, at. while BTC was down 1 percent over the same period.

Other key cryptocurrencies such as Stellar (XLM), Binance Coin (BNB) and Litecoin (LTC) are also up between 2.5 and nine percent.

The total market value of all crypto, excluding BTC, also increased by more than $ 5.4 billion over a 24-hour period, while the total trading volume increased by $ 7.2 billion.

It may be a sign that investors are growing for further potential gains in BTC's growth and look elsewhere, given that the price has remained within a range of $ 300 for nearly 2 weeks.

Publication: The author has no cryptocurrency at the time of writing.

XRP, ETH and BTC image via Shutterstock; charts via Trading View


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