RATE Group | Cryptocurrency Trading Update: Minimal Momentum on Monday Markets
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Cryptocurrency Trading Update: Minimal Momentum on Monday Markets

12 Nov Cryptocurrency Trading Update: Minimal Momentum on Monday Markets

Posted at 12:37h in Cryptocurrency News by

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Monday movement is lacking on markets; Stellar making gains, Bitcoin Cash and BAT getting battered.

There was no further momentum over the weekend and crypto markets have continued to slowly slide back this Monday morning. Total market capitalization is still over $210 billion, but only just, having lost almost $10 billion since Wednesday’s peak last week.

Bitcoin’s failure to make any progress above $6,400 has kept the rest of the crypto markets flat. BTC is currently trading at $6,395 but analysts predict bullish upsides leading up to its rival, Bitcoin Cash’s hard fork on the 15th. Ethereum has remained immobile and stuck around the same level, $210.

The top ten is predominantly red at the moment as traders in Asia have been selling all day. Bitcoin Cash is taking the biggest dive with 7% down to $510. Despite the looming hard fork, BCH has dumped 20% in less than five days. Other losses in the top ten are tiny, with Litecoin down almost 2%. Stellar is actually making a gain…

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