Crypto Markets Continue Retreating In Weekend Trading

Investing, News | January 12, 2019 By:

The crypto markets continued their price retreat this morning, knocking one to six percent off the top ten coins.

Bitcoin was down to the $3,600 per single coin level, showing relatively high volume early in the day. It bears watching to see if this is a full-blown rout, as the $4,000 level once again seems a distant dream

Ethereum is also down off its previous highs, now at $126 and declining. The move is down a few tenths, but surprising in light of the upcoming upgrade, which had propelled it as high as $158 this week.

Bitcoin Cash and Bitcoin SV were the lone green arrows in the top ten, continuing their battle that began in November and crashed the markets. Both are spending millions to prop up their price and enlist nodes.