Cryptocurrency Market Update: Crypto Consolidation Continues

Sleepy Sunday in crypto land; Veritaseum making a transfer, Ravencoin flapping.

It’s one other gradual Sunday in crypto land with markets nonetheless slumbering. There has nonetheless been no motion for many of the main cryptocurrencies leaving markets on the identical degree round $210 billion.

Nonetheless on the identical degree a contact under $6,500, Bitcoin is static. BTC has traded on the identical value vary for the previous two weeks and has not been capable of get wherever close to $6,600. Ethereum can be motionless for an additional day buying and selling at just under $205.

But once more the altcoins are blended and there actually isn’t a lot to write down about. Nothing is gaining greater than a p.c on the day within the high ten and Stellar has declined probably the most falling again over 2% to $zero.228.

The highest twenty exhibits equal torpor with extra crimson than inexperienced. Iota and Nem have dropped simply over 2% and Sprint will not be far behind. There aren’t any altcoins making positive factors till we get means down the chart, and even these are small.

No main fomo pumps occurring both at present because the markets sleep. The highest performer within the high 100 for the time being is Veritaseum climbing eight% on the day. Polymath and Metaverse ETP are each up simply over 7% and Decentraland has made 6.5% on the time of writing. Dropping between 5 and 6 p.c on the crimson finish of issues is Ravencoin, Aion, Bytom and Golem.

Complete market capitalization continues to be at $209 billion, precisely the identical degree as this time yesterday. Over the previous week markets have ranged between $212 and $208 billion, unable to interrupt out in both route. The crypto bears are holding issues firmly on the ground and markets haven’t actually executed a lot since early September. An actual restoration seems to be a great distance off for the time being and this lethargy may proceed for an additional month or extra.

FOMO Moments is a bit that takes a day by day have a look at the highest 20 altcoins throughout the present buying and selling session and analyses the perfect performing ones, searching for traits and doable fundamentals.

About Tom Greenly

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