Crypto Markets See Little Movement, Bitcoin Continues to Trade Just Below $6,500

Saturday, Oct. 20: Crypto markets are seeing little momentum, with virtually all of the major cryptocurrencies seeing slight growth and losses between a 1-2 percent range, as Coin360 data shows.

Today the stalwart stablecoin has seen an almost 1 percent drop to trade at $0.979.

Following its short-lived ascent to $6,965 Oct. 17, correlated with Tether's price tumble, Bitcoin has corrected back to a trading range just a little higher than at the start of its weekly chart.

On the week, the top coin has seen a gentle increase of around 3.3 percent: on its monthly chart, growth is just 0.23 percent.

Ethereum is seeing similarly slight momentum, up just 0.63 percent to trade around $205, according to CoinMarketCap.

The strongest top-ten performer is fourth largest coin Bitcoin Cash, up 1.4 percent on the day to trade around $447. Anonymity-oriented alt Monero is seeing a modest 0.21 percent change on the day to press time.

In the context of the top twenty coins, the market picture is also stable, with virtually all assets seeing minor growth of below the 1-2 percent mark.

The exception is Zcash, which has relatively "Soared" almost 4 percent on the day to trade at $124.86.

Native exchange token Binance coin is one of the only top twenty coins in the red, but down only 0.56 percent.

A new report from Big Four auditor Ernst and Young has found that among the "Top" initial coin offerings that raised capital in 2017, 86 percent of project tokens are trading below their listing price, with 30 percent having lost "Substantially all value." Beyond investment returns, the auditor found that only 29 percent of studied projects had either a working product or prototype - up just 15 percent from at the end of last year.