07 Aug Cryptocurrency Market Update: Basic Attention Token (BAT) Getting Noticed
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Markets are slowly inching upwards, Ethereum Classic and BAT performing well while Iota crashes.
Crypto markets remain flat for a second day as the bulls fail to grapple control off the bears which have been battering them for over a week. Total market capitalization remains over $250 billion but only just, further losses could be imminent.
Bitcoin has held support at $7k and has nudged just over it to trade 1.5% higher at $7,100 at the time of writing. A push towards resistance at $7,120 may signal a recovery. Ethereum has not moved for the third day in a row and remains planted at $410.
Altcoins are still a mixed bunch with a few making minor gains but some suffering. In the top ten Iota is in pain with a 10% slide to $0.79, it has lost so much market cap that Tether is now in ninth place. Iota has lost all gains in the past 8 months and is down 85% from its all-time high of over $5.20 in December. Rippleās XRP is also hurting today down 3.7% to $0.41, its lowest level since…
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