Lack of Chinese Stability Leaves Bitcoin Investments Uncertain.

On Thursday, October 31, the cryptocurrency markets mostly had sideways trading. Most of the changes of the top 20 coins did not exceed a 1 percent swing in either direction on the day. Bitcoin has been trading sideways and hovering around the $9,100 mark. It bounced up from a low of $8,960 earlier in the day and ended up with a loss of 0.74 percent at the end of the day.

Bitcoin has had to fight in order to hold its current value. Traders are wondering if the Xi pump to $10,540 was a fluke. It happened after Chinese President Xi called for China to boost its development of blockchain. A Bitcoin analyst tweeted that order books on Coinbase had a glitch, and a slight flash crash dropped Bitcoin to $7,700. They still don't know why.

Ether's value is around $182.50 per coin. It lost around 0.75 percent of its value by the end of October 31. An industry analyst said that Ether has some resistance at the $196 level. If Ether can crack it, the value could go as high as $235.70.

XRP's trading level has been flat for the day of October 31. It is the third-largest coin by market capitalization level. It trades at $0.295 per coin. Its value was down 0.47 percent for the day. It has had a higher trading volume, but that volume had no considerable effect on its value.

Overall the top 20 coins are seeing small losses. Bitcoin SV and NEO were the worst-performing of the top 20 coins on October 31. They each lost about 6 percent of their trading value. Cosmos had an impressive gain of about 5 percent in the past 24 hours. Chainlink, trading under Link, boasted a 4.6 percent gain for October 31. The total cryptocurrency market cap is around $245.2 billion. Bitcoin makes up 67.5 percent of the total market capitalization.