Crypto Markets See Mixed Signals, Mostly Trading Sideways

Tuesday, Oct. 23: crypto markets continue their sideways trend today, with total market cap slightly down over the past 24 hours, according to CoinMarketCap.

The markets are seeing mixed signals as of press time, with most top coins trading sideways, up or down by less than one percent.

Bitcoin is up less than a tenth of a percent over the past 24 hours, and trading at $6,487.

Ethereum, the second top cryptocurrency by market cap, is up 2.95 percent over the 24 hour period, trading at $206 at press time.

Ripple, the third top cryptocurrency by market cap, has suffered slight losses over the day.

Trading at $0.453 in the beginning of the day, XRP is now trading at $0.46 at press time.

Over the week, total market cap has been relatively stable, with a high point of $212 billion.

VeChain, the 19th top coin by market cap, has seen the biggest gains over the past 24 hours among the top 20 cryptocurrencies.

The altcoin is up 6.85 percent and trading at $0.011, which is still down around 0.62 percent over the past 7 days.

According to an official announcement, Binance exchange is launching crypto-fiat trading in Uganda tomorrow, with the first trading pairs BTC/Ugandan shillings, and ETH/UGX.Yesterday, the CEO of crypto investment app Circle, Jeremy Allaire, urged global economies to develop coordinated regulation of cryptocurrencies, stressing that there is a need to pay special attention to the regulation of Initial Coin Offerings, as well as crypto market manipulation and know-your-customer policies.