Crypto Markets U-Turn, As Early Morning Rally Retraces On Heavy Volume

Investing, News | January 15, 2019 By:

UPDATE:  The early morning crypto prosperity didn’t last very long, and the markets have done a U-turn back into the red. On heavy trading volume, bitcoin is down slightly more than one percent, with the rest of the top ten coins following suit. So far, losses are across the board, but no more than one to two percent in the top ten.

EARLIER: The crypto markets have slightly recovered after consecutive days of dismal performance. All the top ten coins are in the green today, adding $4 billion to the total value of all cryptocurrencies over the past 24 hours.

After trading as low as $3,552 yesterday, bitcoin managed to push its price above $3,600, up 2.70%. Ripple’s XRP mirrored bitcoin’s performance, moving up by over 2 percent.

Ethereum registered the largest price increase among the top ten coins. In early trading, the ETH price was at around $127, up more than 7%.