Cryptocurrency Market Update: Has NEM Awoken

Monday markets are immobile; Nem is rising, Ravencoin is flying, the rest are sleeping.

After a slow weekend crypto markets have retreated a little this Monday but are still largely inactive. Total market capitalization has dropped back a fraction but is still holding around the $210 billion level.

There has been no movement in the Bitcoin camp which is still stuck at $6,500. BTC has been stuck in this consolidating range and the path of least resistance still seems to be on the downside. Ethereum is also flat with no movement since yesterday leaving it trading at $205.

The altcoins are all red during Asian trading today however losses are all very minimal. Stellar and Litecoin are the only two coins in the top ten with a loss over one percent. The rest have hardly moved over the past 24 hours.

There is nothing much to write about in the top twenty either aside from Nem which is showing gains of over 6% at the moment. This has taken XEM back to $0.10 as trade volume jumps to $10…