Privacy Tokens DASH, XMR, DCR Shine, BTC, ETH Stall as Market Consolidates
The crypto market continued to consolidate on Wednesday with crypto majors bitcoin and ether losing less than 1% while privacy tokens such as decred , up 22%, DASH and XMR extended their market outperformance.
The overall crypto market cap is down by 0.6% in the past 24 hours to $3.51 trillion, although it remains higher than on Nov. 7 when it ticked down to as low as $3.32 trillion.
A recent rise in volatility suggests that a void in market liquidity remains after last month’s leverage-induced blowout. That means a news catalyst could cause significant swings in price action as the market remains coiled.
Eyeballs will be focused on the U.S., with the government shutdown apparently coming into its final…
