RATE Group | Cryptocurrency market calms down; volatility may not be over yet, Weiss Crypto Ratings w…
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Cryptocurrency market calms down; volatility may not be over yet, Weiss Crypto Ratings w…

18 Dec Cryptocurrency market calms down; volatility may not be over yet, Weiss Crypto Ratings w…

Posted at 11:02h in Cryptocurrency News by

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  • The cryptocurrency market settled down after the rough start of the week.
  • Weiss Crypto Ratings says the market may stay volatile.

The cryptocurrency market has been a wild place recently. The total capitalization of all digital assets in circulation plummeted to $176 billion, while daily trading volumes jumped to $86 billion from $60 on average recently.

While Bitcoin and all major altcoins calmed down on Wednesday, the situation is still nervous and fragile as the sell-off may resume at any time. BTC/USD tested area below $6,600 during early Asian hours before recovering to $6,630 by press time. ETH/USD and XRP/USD are down nearly 7% on a day-to-day basis to trade at $122.30 and $0.1830, respectively. Despite the overall downside trend, some significant altcoins from top-20, like Litecoin, NEO, Monero, attempts to recover from the recent lows. The above-said coins gain about 1.5% since the beginning of the day. Though, the upside momentum is still limited…

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