Crypto Markets See Stirrings of Volatility as Major Coins Tip Into Red

Monday, Oct. 29: Crypto markets are seeing the first momentum in a while after a period of marked stability: virtually all of the major cryptocurrencies are in the red today, with some seeing losses of between a 4-6 percent range, as Coin360 data shows.

Bitcoin is trading at $6,352 at press time, seeing an almost 2 percent loss on the day according to CoinMarketCap.

On the week, the crypto is now around 2.7 percent in the red: monthly losses are at around 3.4 percent.

Having seen similarly stable trading patterns, Ethereum has today also been jolted by negative momentum, sliding steeply down 3 percent on the day to trade around $198, according to CoinMarketCap.

The hardest hit top-ten performer is seventh largest coin Litecoin, down 5.2 percent on the day to trade around $49.22 by press time.

EOS is down 4.2 percent at $5.17, roughly on par with Bitcoin Cash, down 4.25 percent at $419.22.

Anonymity-oriented alt Monero is the least scathed, losing 1.1 percent over a 24 hour period to trade at around $101.43.

TRON is down 4.9 percent at $0.022, IOTA is down 4.23 percent at $0.456, with Ethereum Classic pushing a 4.85 percent loss at $9.12.

In crypto news today, major European cryptocurrency exchange Bitstamp has been acquired by Belgium-based investment firm NXMH. NXMH is a subsidiary of South Korean-based media giant NXC Corp., which bought a 65.19 percent stake in South Korean crypto exchange Korbit last year.

The operator of Japanese crypto exchange Coincheck, which suffered an industry record-breaking hack this January, has revealed the exchange saw a 66 percent decline in revenue for Q3 2018.