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Last week’s gloom and doom has vanished like the morning dew, as bitcoin roared back to life over the weekend, dragging the rest of its cryptocurrency comrades along for the ride.
After a period where bitcoin dropped down into the $5,000 range amidst speculation it could be headed far lower,
As New York Knick Micheal Ray Richadson once noted, “The ship be sinking.” Once again, bitcoin and the rest of the cryptocurrency market turned to red arrows up and down the top ten coins, as prices began an ominous downtrend.
At mid-morning, bitcoin stood at $5,900,
Bitcoin and other cryptocurrencies basically held serve today. Movement among the top ten coins was practically nil, with little momentum or trading volume. That was actually welcome news, given the wild ride of the last week, although tomorrow’s pre-weekend trading usually ramps up the action.
It was a mixed bag for today’s cryptocurrency markets. While bitcoin sagged as low as $5,700 on at least one exchange, the rest of the market had some winners.
At mid-morning, bitcoin was holding at the $6,100 level. The outliers were EOS, up more than five percent,
For the cryptocurrency markets, the Monday rally turned into the Tuesday teardown, as prices again took a nosedive over the last 24 hours.
Bitcoin is down to the $6,100 level at mid-day and even breached the $6,000 level on at least one exchange.
Bitcoin dipped into the $5,000 range over the weekend, but started rallying back this earlier this morning. Still, the current landscape in cryptocurrency is no place for the faint-hearted investor.
As of mid-morning, all of the top ten coins are in the green,
Look out, below. Bitcoin and other cryptocurrencies are in major retreat this morning, with single coin prices falling off a cliff after a brief rally in mid-week.
At mid-morning, bitcoin was at $6,100, with ethereum at $475 and Bitcoin Cash at $771. Price graphs resembled an airplane being shot out of the sky.
Bitcoin briefly nudged above the $7,000 per single coin mark on at least one exchange over the last 24 hours, but fell back to the $6,700 range as cautious profit-taking apparently kicked in.
The Thursday market was all red arrows in the top ten coins,
Bitcoin continued its incremental creep upward. While any green arrows are good, the lack of volatility isn’t going to galvanize investors into a full-on rally. It seems the crypto market is training investors to be ultra-cautious, unlike the high-flying golden days of six months ago,
The cryptocurrency market stirred today. While there was no major blast-off, the top ten coins were trending in the right direction, with gains from one to three percent the general rule.
Bitcoin was at the $6,700 level again, albeit up one-and-a-half percent over the last 24 hours.
Blockchain Consultant Next Level Names Kirsten Roy-Reid As Senior PartnerRipple Hires Kashina Van Dyke As Senior VP of Business DevelopmentBlockchain’s Bee Token Names Tommy Chheng As Head of EngineeringCrypto Miner TMGcore Adds Sun Microsystems Co-Founder Scott McNealy As AdvisorFacebook Names Evan Cheng Director of Engineering, Blockchain