Bitcoin (BTC) price has been held steady on Monday, August 20, too maintaining it’s price around $6500 while altcoins faced some minor slumps with a few gains in between.
Bitcoin has been maintaining it’s price between $6200 to $6500 Cap from last 10 days showing substantiated stability from the market.
The current market conditions contrast with the volatile conditions which the market saw from the mid of July till the first week of August. This new found low in volatility has been noticed with it reaching to a fourteen month low. as per analytics resource Diar.
While Bitcoin shows strong sense of stability, the same couln’t be said about altcoins. Ethereum (ETH), has been seeing considerable losses than Bitcoin in recent weeks, dropping to close to 3 percent in the 24 hours, dropping below $300 mark, again.
Although there were a few exceptions in the altcoin sector, like Tezos and Monero. Tezos saw an uprise of more than 10% while Monero had close to 5% rise in it’s price on Monday