Crypto Market Sees Slight Losses After Trading Sideways, Bitcoin Hovers Near $6,400

Monday, Oct. 22: markets have taken a slight downtrend after trading sideways last week, with 15 of the top 20 digital currencies by market capitalization in the red, and Bitcoin trading around $6,400, according to data from CoinMarketCap.

The leading cryptocurrency has lost 0.45 percent over the last 24 hours, and is trading at $6,483 as of press time.

In terms of its weekly performance, BTC has seen a price drop by 0.43 percent, per Bitcoin Price Index.

Ethereum has seen larger losses on the day, with a 6 percent drop and trading around $201 at press time.

The second largest coin is down over 1.5 percent during the last 7 days, with monthly losses over 16 percent.

Litecoin has gained 1 percent on the day and is trading around $53 at press time.

Tether has seen a slight gain of around 0.33 percent, and is trading at $0.986 at press time.

The remaining top ten coins on CoinMarketCap are down slightly or trading sideways, with Ripple losing 1.07 percent to trade at $0.453, EOS down 0.86 percent at $5.38.

Stellar is up by a slight 0.27 percent to trade at $0.242.Bitcoin Cash is also down by 0.39 percent, Cardano is down by 0.07 percent, and Monero is up by 0.06 percent.

Digital currencies have mostly been trading sideways over the last week, though yesterday Oct. 21 the market saw a little momentum, with all the major cryptocurrencies making slight gains, and BTC trading back above $6,500.