Market Update: almost all coins sideways, volatility down significantly

17 Jan, 2019
by Arthur Sillers
Price Action
Market Update: almost all coins sideways, volatility down significantly

Despite a number of notable stories in the last week, the cryptocurrency market is generally sideways. The best news of all is that volatility is at an all time low, according to Coinmarketcap.

Bitcoin

Bitcoin, and along with it the rest of crypto, took a significant hit with the back to back news of the Ethereum Classic attack and the Cryptopia hits, but since then the BTC price not only has recovered, but has been moving steadily sideways with low volatility. Currently BTC is hovering around $3,660, but looks to be making slow and steady gains.

Altcoins

Generally, most coins in the top 100 are seeing green, with some of the biggest gainers including Augur, which is up over 15%. EOS is also up over 3% and Ethereum Classic is making a strong recover, up 4% over the past 24 hours.

Even Ethereum, which due to a quickly canceled Constantinople update us undergoing an unplanned fork is barely hurt by the resultant confusion, not even down less than a percentage.

Volatility

The market is steadily gaining, though no breakout successes have appeared. The lack of volatility does go both ways, and a steady positive trend might be the most welcomed reality for crypto traders currently. Bitcoin's daily volatility is averaging at around $60, which according as CoinDesk pointed out today is down 98% from this day last year. 

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