Modest rally for cryptocurrencies as market moves sideways
Cryptocurrency prices moved tentatively higher on Monday but, overall, the past few sessions have seen the sector mainly move sideways.
Bitcoin price stabilises between $6,200-$6,800 as volatility ebbsIndeed, bitcoin ended September at $6,635 and during the first eight days of October has barely moved, currently standing at $6,610.
Bitcoin cash and Cardano were the biggest movers in the top 10 of cryptocurrencies by market capitalisation.
The recent announcement that Bitpay had added support on its payment platform for bitcoin cash helped the forked currency forge a decent rally during mid-to-late June. Since the start of October, however, it too has traded sideways.
Price round up
Here’s a round up of how the top 10 were trading at 11.30 on Monday morning [London time]:
- Bitcoin +0.9% at $6,610
- Ethereum +0.9% at $225.09
- Ripple XRP +1.8% at $0.48
- Bitcoin cash +2.3% at $521.25
- Eos +1.1% at $5.75
- Stellar lumens +1.5% at $0.24
- Litecoin -0.4% at $57.77
- Tether unch at $1
- Cardano +3.7% at $0.08
- Monero +0.8% at $113.76