Hitting 15-Month Low Volatility, Bitcoin in Green Territory

Oct 09, 2018 at 0:25

The entire crypto market, led by the premiere cryptocurrency is enjoying a steady price performance as Bitcoin hits its lowest price volatility in 15 months at $317 last week.

As of this writing, it is valued at $6,605.30 a piece, up by 1.27 percent paired with a market cap of $115 billion.

However, analysts are wary that the top coin is now in a narrow price range which could mean that a decisive move whether a bull or a bear is already overdue.

On the other hand, Ethereum recorded a 2.46 percent growth with a market cap of $23.4 billion and a value of $229.50.

Likewise, other top coins including XRP, Bitcoin Cash and EOS were at $0.94, $528.27 and $5.88 a piece, respectively.

Meanwhile, Stellar, Litecoin, Cardano and Monero also went up at $0.25, $59.31, $0.09 and $115.01, respectively.

Tether, currently the world’s eighth largest cryptocurrency in terms of market cap is the only top coin that recorded a negative movement. It is now valued at $0.99 a piece, down by 0.01 percent with a market cap of $2.7 billion.