IOTA Price Sinks 10% as Wider Market Plots Tepid Recovery

Tuesday brought a moderate recovery to the cryptocurrency market, enabling the bitcoin price to put some breathing room between it and the crucial $6,800 support level.

The majority of other large-cap coins and tokens saw similar price movements, generally rising between one and two percent for the day. IOTA, however, was not invited to the party.

Despite entering the week within striking distance of dollar parity, IOTA proved unable to sustain its recent gains. At one point this morning, the IOTA price slipped below $0.68, though it quickly bounced back from that hiccup and has since leveled out to a present value of about $0.78