Top Cryptocurrency Markets Dip While Traders Play the Range

PlexCoin Tokens

After the tight trading range over the last few weeks, many people joked about cryptocurrency prices remaining stable indefinitely. Of course, most crypto enthusiasts know better and on Monday, after a dull trading weekend, the majority of digital asset markets saw price declines across the board.

Bitcoin (BTC) prices saw a low of $6,208 and bitcoin cash spot prices dipped to $414. Even though markets are now in the red, trading volumes have increased immensely since our last report. At the time, $8.6 billion worth of 24-hour cryptocurrency global trade volume was recorded but today the worldwide trade volume touched around $12 billion.

Bitcoin (BTC) is currently trading for $6,344 per coin and has seen a loss of around 2% over the last 24 hours. Following behind is ethereum (ETH), as markets have seen a 3.5% loss during the morning trading sessions. One ETH is being swapped for $197 at the time of publication. The third largest market capitalization held by ripple (XRP) lost 3.5% and each token is trading for $0.44.

The morning dip has erased 4.7% off the overall eos (EOS) capitalization and each token is trading for $5.14. On Oct. 29, at 12:15 p.m., the market valuation of all 2,000+ cryptocurrencies is around $206 billion. Just before the dip, dwindling cryptocurrency trade volumes started to reverse and now many traders are scrambling to find new positions.


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