The entire crypto-economy has been meandering just above $109 billion after the last two weeks of market dumps. Volume has been light this week as digital asset enthusiasts and traders are now pondering the crypto market’s next big move.
Market Surfers Wait for the Next Big Crypto Wave
Digital currency prices are at their lowest in over 15 months and prices have dropped considerably over the last few weeks. After many of the top cryptocurrencies touched significant lows on Dec. 7, about 48 hours later markets saw a brief spike upwards. Right now, most of the top coins are moving in a consolidated triangular pattern, seeing some lighter swings on Monday, Dec. 10.
The top 10 cryptocurrencies on Monday, Dec. 10, 2018.
At the time of publication, the price of bitcoin core (BTC) is about $3,478 and is down roughly 4.5% over the last 24 hours. The second highest valued market held by ripple (XRP) is down 4.8% and each coin is trading for $0.30. Ethereum (ETH) prices have lost 6.2% during the last day and the coin is being swapped for $91. The cryptocurrency stellar (XLM) is the fourth largest market cap today as each coin trades for $0.11. Meanwhile, the stablecoin tether (USDT) has seen significant demand and now captures the fifth largest crypto valuation. Tether usage has reached a three-month low, however, as other stablecoins like TUSD, USDC, and GUSD have seen significant volume increases.
Bitcoin Cash (BCH) Market Action
Bitcoin cash (BCH) markets are doing better today after a little skirmish with BSV in terms of prices on Dec.