RATE Group | Crypto Market Sees Slight Losses After Trading Sideways, Bitcoin Hovers Near $6,400
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Crypto Market Sees Slight Losses After Trading Sideways, Bitcoin Hovers Near $6,400

23 Oct Crypto Market Sees Slight Losses After Trading Sideways, Bitcoin Hovers Near $6,400

Posted at 01:42h in Bitcoin News by

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Monday, Oct. 22: markets have taken a slight downtrend after trading sideways last week, with 15 of the top 20 digital currencies by market capitalization in the red, and Bitcoin (BTC) trading around $6,400, according to data from CoinMarketCap.

Market visualization by Coin360

Market visualization by Coin360

The BTC price has been trading in a narrow corridor from $6,372 to $6,730 at its highest point during the day. The leading cryptocurrency has lost 0.45 percent over the last 24 hours, and is trading at $6,483 as of press time. In terms of its weekly performance, BTC has seen a price drop by 0.43 percent, per Bitcoin Price Index.

Bitcoin weekly price chart. Source: Bitcoin Price Index

Bitcoin weekly price chart. Source: Bitcoin Price Index

Ethereum (ETH) has seen larger losses on the day, with a 6 percent drop and trading around $201 at press time. Its weekly chart shows that ETH fell to as low as $202 on Oct. 19, while its highest point was $212 on Oct.16, subsequently correcting downwards and then sideways in the last few days. The second largest coin is down over…

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