Cryptocurrency Market Moves Sideways Amid Lack of Fresh Catalysts

Oct 25, 2018 at 22:46

Investors remained on the sidelines amid the lack of significant developments, prompting the virtual currency market to continue on its flattish trend.

Of the top 20 tokens, advancers dominated but only posting meager gains.

As of writing, data from DisruptBlockā€™s market tally show that Bitcoin (BTC) moved by only 0.36 percent to $6,545.90 apiece during the trading session.

The top cryptocurrency has reportedly registered little fluctuations; its intraday high reaching as much as $6,521 per piece which was followed by a slump to $6,456. This marked the tenth consecutive day that investors are bearish of the top coin.

Before the flattish trend, Bitcoin saw a spike in Oct. 15.

Likewise, Ethereum has been seeing stable movement for the past ten days, moving within the $200 to $210 levels. As of writing, Ethereum is down 0.38% to $199.65 each.

Meanwhile, Ripple continued to make upward strides, gaining the most among the top 20 crypto markets. At one point, the coin saw gains around 3.3 percent to $0.47. However, as of press time, Ripple saw a turnaround to decline 1.26% to $0.46 apiece.

This put the total market capitalization at around $210 billion with daily trade volume keeps reaching about $10 billion.