Crypto Investors Take Money Off The Table, Halting Small Rally

Investing, News | November 30, 2018 By:

Sensing an opportunity to take some profits, investors struck swiftly this morning, driving prices down across the board in the top ten cryptocurrencies.

In early trading, bitcoin was down more than six percent, sitting just above the $4,000 mark. That turnabout came on heavy trading volume and seemed to shock the rest of the market into similar action.

Most of the top ten were down four to as much as nine percent early on Friday, with Cardano and Litecoin particularly hard hit.  The move to red arrows squelches what had been a hopeful rally out of the abyss that crypto hit earlier this week and temporarily halted the recovery from the Bitcoin Cash plunge of Nov. 15.