RATE Group | Crypto Markets Sluggish on Saturday as Bitcoin Increases Dominance
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Crypto Markets Sluggish on Saturday as Bitcoin Increases Dominance

25 Aug Crypto Markets Sluggish on Saturday as Bitcoin Increases Dominance

Posted at 10:06h in Bitcoin News by

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Markets are meek today; Monero, Lisk, and Nano inch up, Bitcoin Diamond dumping.

As we enter the weekend in crypto land markets have remained relatively stable and have even made a little upward progress. Total capitalization has crept back over $215 billion but no real motions have been seen to spur a measureable recovery.

Bitcoin has recovered all losses since the SEC announcement in the week which is a good sign. BTC is up 2.7% on the day to trade at just over $6,700. On the week it has made just 3.4% however and needs to pass $7k for any real momentum to gather. Ethereum has stalled once again and has not really moved over the past few days getting stuck at just below $280 on the day.

Altcoins are largely in the green according to Coinmarketcap, however gains are marginal once again today. In the top ten only Monero is showing a quantifiable gain on the day climbing 4% to $93, the rest are between 1-2% higher and some such as XRP and XLM haven’t moved.

There is very little going…

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