All's quiet on the crypto front: Is the market preparing for a year-end rally?

13 Nov, 2018
by Arthur Sillers
News
All's quiet on the crypto front: Is the market preparing for a year-end rally?

After a positive week for most coins, the market has seen finally seen a correction. There are reasons to remain positive that a year-end rally is in store, but so far all's quiet on the crypto front.

Market Cap

The market cap is at $210 Billion which is down just $10 Billion since Wednesday’s peak, according to Coinmarketcap. The overall crypto market is seeing some correction from a recent bear market, but movement has slowed.

Bitcoin
Bitcoin itself is hovering just above a price ceiling of $6,400 and not seeing much movement, down less than a percentage point over 24 hours. Bitcoin dominance is staying at just above 50%.

Altcoins and Markets
Binance is seeing a volume spike of about 7% following their announcement of an upgrade. The controversial BCH hard fork which is upcoming has not yielded likewise positive movement for Bitcoin Cash, which is down 14% over the last week, has appeared to be rebounding slightly, or at least has ended its downtrend. Every singly other top 100 altcoin has also seen negative movement, including some serious downturns like VeChain, which is down more than 5% over the last 24 hours.

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Are we getting ready for a year-end rally?

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