September 19 - September 25 market wrap: Minto had a slight 4% drop.

Minto has been bearish last week as its price has been predominantly falling. The situation on the BTCMT market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

While the volatility remains restrained, Minto isn't making any explosive moves. The average volatility of 17% was the reason why the price of BTCMT didn't put up any significant gains. The largest volatility for the given period occurred on September 19 and amounted to 22.67%. 0.93% was the rock bottom for the asset's volatility that was reached on September 23. Due to the fact that the crypto coin has been modestly volatile, the market is unlikely to demonstrate any aggressive price swings.

The trading session on September 19 started with Minto opening at $0.73 on the backdrop of bearish sentiment throughout the market. On September 19, the first trading session of the reviewed time period, the market participants saw BTCMT moving down by 9%. September 20 saw the coin going another 12% since the open, supported by the corresponding trading volume. During the following trading period on September 21, the price of Minto oscillated between the low at $0.54 and the high at $0.57, while the price moved down by 5%. On September 23, BTCMT market moved by 14% in the bearish direction in concert with the trading volume. After the open at $0.47, Minto moved during September 23 in the range between the said open and the close at $0.47, having posted the 24H low at $0.46 and the 24H high at $0.47. The activity on the crypto coin's market on September 24 resulted in the asset being traded between $0.47, the open of the day, and $0.51, the close of the day; at some point, the price spiked to the daily high at $0.52 and briefly dropped to the daily low at $0.47. As for the occurrences on September 25, the price of the coin bottomed at $0.47 and peaked at $0.76, while its daily range formed between $0.73 and $0.63. During the reviewed time period, the asset was able to achieve the weekly high at $1.04, though at a certain point, the bear pressurized the price down to the weekly low at $0.46. As a result of price action within the designated time period, the price movement range on the Minto market was established at $0.03 or 4% between the weekly low and the weekly high.

Minto ’s average trading volume on the opening day of the observed time period, September 19, stood at $11.65, while on the closing day of the same period, it moved to $289. During the week before September 19, the trading volume of BTCMT flowed from $169 to $3 438. The average trading volume of the asset fluctuated by 257% by comparison with the previous period, whereas the price change of 4% took place over the same period of time.

Bitcoin began the observed period September 19 - September 25, with the market capitalization of $2 581 899 and finalized it at the market capitalization level of $1 799 927. The percentage change in the total market capitalization of BTCMT amounted to 30%. The price of the coin changed by 4% on the back of the 30% shift in its total market capitalization. A more precise analysis of the Minto market also requires a comparison with the change in market capitalization from the week before, which amounted to 4% on the back of the move from $1 906 114 to $1 830 558.

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Article date: September 25 | September 19 - 25

Market reviews for similar coins for September 19 - 25