RATE Group | Cryptocurrency Trading Update: Iota and Icon Moving Monday Markets
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Cryptocurrency Trading Update: Iota and Icon Moving Monday Markets

27 Aug Cryptocurrency Trading Update: Iota and Icon Moving Monday Markets

Posted at 08:58h in Cryptocurrency News by

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Altcoins lifting markets this morning, Icon, Iota, VeChain rising, while Lisk is losing.

Monday morning has seen little action in crypto land however there has been some small upward movements by a few altcoins. Total market capitalization has remained above $215 billion and has crept up slightly on the back of a few spurting cryptos today.

Bitcoin is still floating just above $6,700 and has made 1.3% on the day to trade at $6,730. Technical indicators suggest that BTC could break out from a rising wedge in which it is currently consolidating. Ethereum has not moved much either but there have been no further losses and it is actually up 2% to $280 at the moment.

Altcoins are mostly in the green according to Coinmarketcap however Iota has barged its way back into the top ten with an 18% surge to $0.622. The chatter on Reddit claims that Volkswagen has tapped the Iota Foundation to work on a blockchain based CarPass system which will be launched in early 2019. Iota is still massively…

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