Crypto Markets Working On Small Moves in Pricing

Investing, News | January 17, 2019 By:

Looking for action?  Then look toward the bottom of the top ten coins, where things are moving.

While the top three coins are virtually stuck in the mud, moving a tenth or less, the bottom half of the equation saw EOS up more than three percent, a reaction to the delay on the ethereum change, and Bitcoin Cash near two percent, a continuation of its hash wars.

The rest of the market is holding. Bitcoin is at the $3,600 level, its third consecutive day at that milestone. Trading volume is heavy, so perhaps we’re about to see a breakout.

Ethereum is near the $124 mark, as its audience digests the delay on the hard fork ramifications. If history is the guide, the run-up will be followed by a downturn in price, so it’s worth keeping an eye out for further movement.