RATE Group | Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing
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Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing

09 Nov Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing

Posted at 13:23h in Cryptocurrency News by

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Friday markets are still in decline; Zcash and Stellar opposing the drop, Dogecoin and BAT getting dumped.

Yesterday’s decline has continued today though its momentum has slowed a little. Crypto market capitalization has fallen below $215 billion as all hopes of a real recovery have by now evaporated.

Bitcoin has dropped almost a percent on the day taking it back down to $6,440. BTC is still consolidating in a channel between $6,300 and $6,600 where it has been since the end of September. Ethereum is also sliding back from its three week high and has dropped half a percent on the day to $213.

Altcoins are still predominantly red as the selloff continues during the morning’s Asian trading session. There is only one beacon of green in the top ten this Friday morning and that is Stellar up over 5% to $0.263. The big airdrop from Blockchain.com appears to be driving momentum for XLM at the moment.  The rest of the top ten are falling back with Monero losing the most at 3% to $107.

The…

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