Crypto statistics and trends #13 – Sideway movement

Volatility of crypto market is lower than the stock market. The stock market recorded the biggest monthly fall from 2008, now it seems the market could go back up, but the correction of stock market was so significant.

Bitcoin

Bitcoin price is stagnating around $ 6450, one day I realized the 24 movement of Bitcoin was 0,00 %, what is crazy, when you remember the volatility of Bitcoin in 4Q/2017 and 1Q-2Q/2018. This month we saw one reversed Bart Simpsons head between 11th and 15th October, but from that time the Bitcoin price is not moving any other direction than sideways.

The dominance of Bitcoin is still around 54 %, right now its 53,8 %. Total market capitalization went down to $ 208 billion level.

Altcoins

Not so many significant moves in last 24 hours from TOP 100 altcoins, Revain moved up almost 20 %, Veritaseum jumped 12,5 % up same as Kyber Network and Nexo.

Electroneum is the biggest loser with 13,66 % drop, but if you compare this price with the beginning of September, its still 270 % above the previous price. But it seems that the price is coming back to 85 Satoshi level, what is 0,005 USD.

If the Bitcoin will continue the sideways movement and the dominance of Bitcoin will be lowering, we could expect some small Altcoin run, some momentum players such as Ripple or Tron might jump in price short/mid term. Be ready for that and watch some indicators such as Squeeze momentum, which might indicate the start and also the finish of the momentum play.

”Do you watch Squeeze momentum or some other trading indicators? Which is your favorite and why?"

Disclaimer: This article is just informational. It’s not a financial advice. Before investing in cryptocurrencies, do your own research. The market is quite new, very volatile and speculative!