Crypto Markets Retreat Into Red Arrows As Investors Awaken

Investing, News | July 31, 2018 By:

The winds have shifted in the cryptocurrency markets, and today saw bitcoin begin retreating after several heady days above the $8,000 mark.

At mid-morning, bitcoin sat at $7,800 per single coin, a slightly more than three percent drop. Higher volume indicates that momentum has suddenly shifted, and there could be a retrace several hundred lower before it’s all over.

The rest of the market was battered down by the leader’s retreat, with EOS particularly hard hit in a five-percent drop and ether, Litecoin and Cardano all experiencing four percent drops.