Crypto Market Down on Slow Trading Day

Oct 11, 2018 at 1:31

Lacking significant events that can boost the market, Bitcoin and other top coins suffered minimal losses in today’s trading.

The premiere cryptocurrency’s value dropped by 0.77 percent to $6,507.50 with a market cap of $113.8 billion.

Notably, Bitcoin is having a hard time to overcome its 10-week exponential moving average that was at the $6,100 territory since mid-last month. Analysts and traders are now anticipating a large move on either the upside or downside.

Meanwhile, Ethereum went down by 0.15 percent with a value of $226.5240 and a market cap of $23.2 billion.

Likewise, other top coins also suffered a minimal decline with XRP, Bitcoin Cash, and Stellar settling with values of $0.47, $514.29, and $0.24.

On the other hand, Litecoin, Tether, Cardano and Monero all went down slightly at $57.36, $0.9934, $0.08, and $112.4531.

EOS was the only top coin that managed to be on a positive ground. It went up by 0.6 percent with a value of $5.8900 and a market cap of $5.3 billion.