Crypto Markets Slow Losses, But Still In The Red Zone

Investing, News | August 2, 2018 By:

The downward price plunge slowed today for bitcoin and the other top ten altcoins, but still resulted in losses of two to four percent.

At mid-morning, bitcoin sat at the $7,500 level, indicating a floor may have been found from its descent downward from the $8,300 mark. Bitcoin is down percentage points, but volume has lowered, indicating that the scramble to sell may have abated.

Worst news of the day came from Cardano, which was down more than four percent, with pundits predicting that it may drop more if crucial support levels aren’t reached.