Bitcoin prices are essentially flat as investors wait on the sidelines, while a new crypto has a rocky debut.
Cryptocurrency prices were a bit sluggish on Oct. 20, while a newcomer had a tough debut.
Bitcoin at last check was barely moved the needle to $19,044.37, according to data firm CoinGecko. Ether, the native currency of the ethereum blockchain, was flat at $1,284.83, while dogecoin was up nearly 1% to $0.059928.
'Sitting on the Sidelines'
"Bitcoin's price continues to remain near flat, as investors are clearly waiting to see whether the current wedge will result in a breakout or further leg down," said James Edwards, crypto editor with Finder.
"Until then most traders are likely to sit on the sidelines with cash waiting for the market to show a clear sign of where it will go next."
He added, however that "bitcoin's stability against the ever strengthening U.S. dollar should be seen as an achievement, and perhaps in some ways a gain."
"While many major foreign currencies have...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...