RATE Group | Cryptocurrency Trading Update: Crypto Market Pullback From Big Bounce
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Cryptocurrency Trading Update: Crypto Market Pullback From Big Bounce

16 Oct Cryptocurrency Trading Update: Crypto Market Pullback From Big Bounce

Posted at 09:23h in Cryptocurrency News by

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Markets have receded a little from the spike; Tezos, Bytecoin and Icon still climbing.

Yesterday’s big bounce has been sustained today and markets are holding their gains at the moment. The rally added over $20 billion into crypto markets initially however a pullback has seen levels drop a little. Total market capitalization is currently over $210 billion.

Bitcoin has retreated a little from its daily high of almost $7,000 and is currently trading at $6,650 – the level it remained at for so long previously. BTC trade volume which exceeded $7 billion on the day has pulled back to $5.8 billion which is still almost double the $3 billion it was at 48 hours ago. Ethereum has dropped back 2% to trade at just over $210, showing a similar pattern to Bitcoin.

Altcoins are a mixed bunch this morning with some pulling back and others continuing to gain. In the top ten XRP and Stellar are in the green by a percent or two, the rest have declined by a similar amount. Following a day of Tether…

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