After a brief pause, the cryptocurrency markets continued retreating over the last 24 hours, slipping slightly from yesterday’s incremental rally.
At mid-morning, bitcoin was at the $6,400 level, down incrementally, and will close out the week having lost about $800 off last week’s top prices per single coin. Volume was low, indicating today’s drop represents, perhaps, the final capitulators in the most recent run-up.
Ethereum and EOS continued slipping, with EOS down about five percent and now about half of what it traded at for last month’s kick-off. The only good news on the day among the top ten coins came from Stellar, up just over three percent. But even that is tempered by the fact that it has recently dropped about 24 percent, making it likely that bargain-hunters are driving today’s rise.
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