Cryptocurrency prices mixed as recent rally fades

August 20, 2018
Chris Wheal

Cryptocurrency market continued to look fragile on Monday and while some tokens made gains, momentum appeared to be fading after recent gains.

Cryptocurrency prices dip after a modest rally

Bitcoin, which less than a month ago reached a two-month peak of $8,484 – according to data provided by Investing.com – was trading back at $6,400 on Monday morning.

Cryptocurrency trading has turned more volatile in recent weeks as US investors have been put off by a series of disappointing decisions by the Securities and Exchange Commission (SEC) on exchange-traded funds (ETFs).

The regulator’s next decision on whether to allow bitcoin-based ETFs to list – which it has hitherto barred to protect investors from potential price manipulation – comes on Thursday, when it decides on two ETF applications from ProShares.

Price round up

Here’s how the cryptocurrency market was shaping up on Monday at 11am [London time]:

  • Bitcoin +0.7% at $6,404
  • Ethereum -2.5% at $289.16
  • Ripple -0.5% at $0.33
  • Bitcoin cash -1.8% at $546.57
  • Eos -1% at $5.05
  • Stellar lumens -0.6% at $0.22
  • Litecoin -3.1% at $55.31
  • Tether unchanged at $1
  • Cardano -1.5% at $0.10
  • Monero +1.4% at $97.33

 

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

Related News

OL DEX is closing all activities April 25, 2020
USDT (ERC-20) Gateway Enabled April 17, 2020