Market backtracks after yesterday's improvement, most coins in the red

17 Nov, 2018
by Richard Allen
Market backtracks after yesterday's improvement, most coins in the red

It appears that yesterday’s upswing was short lived as Saturday is greeted with red across the board. Almost all major coins are down again as we make our way through the weekend.

Bitcoin has slipped slightly by 0.76% to trade at $5,558. Yesterday’s slight price hike gave us hope that the market would continue to consolidate throughout the weekend, eventually returning to its pre-fork levels. But it seems as if we have to wait a little longer for that.

Meanwhile, XRP continues to widen the gap between Ethereum. XRP, the new number two coin has made a marginal improvement of 0.64% while Ethereum continues to slip, losing just under 2% in the last 24 hours. This means that XRP now has over a $1 billion lead on Ethereum, which is currently trading at $174.

Bitcoin Cash has also continued its downward trajectory, losing a further 3,76%, now trading at $390. Yesterday’s top ten winner, Stellar, also hasn't been able to avoid bulls as it dips 2.25%. Rather unsurprisingly, Tether is the only other top ten coin in the green. Still trading at a little under the $1 mark, the coin is up by 0.17% to $0.98.

As far as the rest of the list goes, all the remaining earners mirror XRP: mostly sideways movement.

Nasdacoin is today’s biggest loser, tanking almost 20%. Not very surprising, given its meteoric rise of over 300% several days ago. Dogecoin also slips another 5,58%, while some of the smaller coins like SIRIN LABS Token and Mixin have lost 6.31% and 10.35% respectively.

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