Cryptocurrency Exchange

Monday blues: a passive crypto market today

It is being reiterated by several entities and experts in the field that the market has fallen quite far behind from the level it had maintained the whole previous year. And not much activity is taking place in the market such that there is a chance that the values of cryptocurrency can reach their former days of glory. The whole week has been bleak and even though the market is way past its bad days of absolute slump, there is a lot that needs to be worked on to give a major boost to the capital in the cryptocurrency markets.

Stagnancy can be noticed in the popular cryptocurrencies of the market. That is, Bitcoin and Ethereum. The price of Bitcoin is steady at the eight thousand dollar mark and the value of Ethereum is also the same as it used to be the previous week. Basically, there has not been any major improvement in the prices of any of the altcoins, some improvement has been noticed but it is negligible in case of the impact it will have on the market. The major cryptocurrencies are all facing a decline in value, except for Ethereum Classic which is has seen an increase by one percent. The worst losses in the market today are faced by Binance, which is down by almost six percent, and is a popular currency in the market. Another currency which is seeing a decline is Monero, which is down by more than four percent.

The best performance in the market today has been of Chainlink, this currency has traveled up by almost seven percent. The worst performer in the market on the other hand is Aelf which is noted to have faced a decline by almost ten percent in the Monday market.

Overall, it can be believed that in spite of a mild Monday, changes can be expected in the sector of digital currency, this has to do with the fact that overall capital can be believed to have increased, though only minutely right now, the next few days are predicted to be good for cryptocurrency.

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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