The prices of most major cryptocurrencies, including Bitcoin, remained steady today, with increases and decreases no greater than a few percent. Bitcoin is currently trading at $6,527, up a fraction more than 1% for the day. The leading cryptocurrency held steady through the course of trading, with a high of $6,531 and a low of $6,441. For the week, Bitcoin has risen a modest 3%. Ethereum finished the day trading at $218, which represents a rise of 0.16%. The second leading cryptocurrency also held steady through the course of trading, with a high of $221 and a low of $215. Yesterday, Ripple briefly overtook Ethereum as the second largest digital currency by market capitalization, but Ethereum retook second place shortly thereafter. Ripple is right now trading at $0.534, down a modest 1.35% for the day. Yesterday, it rose nearly 10%, which is how it briefly overtook Ethereum as the second largest cryptocurrency. For the week, the currency is up almost 20%. Among the top 20 digital currencies, the biggest losers were Stellar, Tron, Ethereum Classic and DASH. All of them have fallen about 2% for the day. The market capitalization of all cryptocurrencies currently stands at a little more than $219 billion, with a high today of $221 billion. During the course of the week, this number has been steadily rising. On November 1, the market capitalization for all cryptocurrencies stood at about $203 billion. In other industry news, it is being reported that the governor of the Bank of Israel set up an interdepartmental team to look into the possibility of issuing a central bank cryptocurrency. The team subsequently recommended against issuing such a currency in the near future. They indicated that further investigation was necessary before they could make a recommendation in favor of such an issuance. Also, the Republic of Mauritius' Financial Services Commission released a draft of a regulatory framework for cryptocurrency custodial services in the country. The framework provides for the issuance of licenses to entities that wish to hold and safely keep cryptocurrency belonging to their clients.
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