Cryptocurrency Market Update: More Sideways Inactivity, Altcoins Immobile8.17

Crypto markets are slowly losing ground as gains made during last week’s Tether induced pump are slowly being eaten away. Market capitalization has retracted slightly from the same time yesterday but is still just above $210 billion at the moment.

Bitcoin has dropped back a fraction of a percent today to bring it back to $6,550. The bulls do not have the strength to take it above the $6,600 resistance level so here it stays for another day. Ethereum is still very bearish with another drop today back to $205.

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