As we begin another working week, the cryptosphere remains flat after a weekend of inactivity across the markets. There has been virtually no movement in total market capitalization which remains under US$300 billion.
At press time,
Bitcoin (BTC) has shown little movement over the past 24-hour market cycle, and is still trading at US$8,450, down 0.7%. Likewise, with
Ethereum (ETH) which is currently trading at US$457. Altcoins are mostly in the red – but by very small amounts – the top ten is pretty much the same as yesterday.
Stellar (XLM) has fallen back the most, once again, with a 5% decline to US$0.29
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Despite the stability in the price of BTC throughout the past week, other digital tokens have struggled to find any sort of momentum at the current price level and have continued to fall against both BTC and the US dollar. If BTC falls below the US$8,100 mark in the next few days, tokens are expected to demonstrate a larger decline in value, especially if the volume of the crypto market worsens.
Bitcoin, the largest cryptocurrency by market cap as per
Einstein Exchange, has been just one of many digital coins in the crypto universe that has been under increased scrutiny in recent months as regulators try to determine how cryptocurrency should be used.
The value of bitcoin rose more than twenty-fold in 2017, generating huge amounts of interest in cryptocurrencies like ETH and
B Cash.