Slow Start To Crypto Trading Week, But Markets Hope For New Vigor

Investing, News | December 10, 2018 By:

The weekend cryptocurrency rally fizzled in early Monday trading, with the top ten coins slipping down the slippery price slope to start the work week.

In early trading, bitcoin was at $3,500, down slightly more than two percent. Trading volume was moderate, lighter even than the traditionally low weekend.

With the Bitcoin Cash hash wars fading after millions of dollars expended, the markets are looking for a return to normalcy. Most of the losses by retail investors were snapped up by institutions, which means that prices may start a slow ascent soon.  A key indicator will be ether and XRP, both market-movers that have reached floors and may spur renewed vigor.