Crypto Markets Throw It Into Reverse, Head Into Green Arrows

Investing, News | November 10, 2018 By:

The always-volatile cryptocurrency markets made a sudden but welcome reverse today, heading back up after a momentary drop into red arrows.

In early Saturday trading, bitcoin was back over the $6,400 mark on light volume trading, up a few tenths but trending in the right direction. Ether and XRP were also on the rise, both up more than one percent.

The early trading outlier was Bitcoin Cash, down to $544 after a spectacular run-up earlier in the week. Today’s price was down more than four percent and presages a wild week for BTC, which faces a Nov. 15 hard fork deadline that will fracture it into two separate new coins and further muddle the bitcoin picture.