Friday, Oct. 19: crypto markets are seeing minor losses across the board, as low volatility continues.
Bitcoin is down a little under percent on the day, and is trading at $6,470 as of press time.
On the week, Bitcoin is 2.7 percent in the green, and is also up just about 2 percent on the month.
The market's top altcoin Ethereum is trading at a round $200 as of press time, seeing a negligible price change of just a fraction of a percent on the day.
The second crypto by market cap saw a similarly sharp spike to Bitcoin on Oct. 15, reaching over $220, but has since corrected to trade range-bound between $205-210 over recent days, only just dipping to as low as $202 earlier today.
On the week, Ethereum is a solid 3.25 percent in the green; on the month the coin has lost about 2 percent.
Litecoin meanwhile has edged into the green, and is also up an above-average 1.48 percent on the day to press time.
Controversial stablecoin Tether continues to grow to reclaim its peg to the U.S. dollar, trading at around $0.98 and up about 1 percent on the day.
In the context of the top twenty coins, the 11th-20th ranked coins are all in the red, with losses capped within a slightly higher 4 percent range, though most losses are also very minor.
As meagre market momentum holds, crypto and blockchain-related merger and acquisition activity is reported to have surged by over 200 percent in 2018, with analysts suggesting that the so-called "Crypto winter" is being viewed as an opportune moment for institutions to make "Strategic" deals in the space.
Crypto Markets See Minor Losses as Relative Calm Continues, Bitcoin Slips Below $6,500
pubblicato su Oct 19, 2018
by Cointele | pubblicato su Coinage
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