The January 4 - 10 market report: Monero-Classic plunges by 97% as sellers apply more pressure.

The downward movement of the Monero-Classic price last week indicates the chosen market is bearish. The volatility of XMC has been high throughout the reviewed period in correspondence with the price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.

Due to the active price action, the average volatility of Monero-Classic jumped to 1762.57%. January 4 was the day when the asset was the most volatile, with the volatility going as high as 1762.57%. The volatility of the coin fell to its lowest on January 10 when it slid to 1.08%. The present volatility of 1762.57% is indicative of unstable market conditions.

The opening price of Monero-Classic was at $0.36 on January 4, with sellers having a more visible presence on the market. The losses of XMC after the weekly open on January 4 amounted to 2%. On January 5, the price of the coin has shifted by 94% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of Monero-Classic stood at 2093% having reached the low at $0.02 and the high at $0.37 as the advantage remained on the side of buyers. Over the next trading period (on January 7), XMC was moving up by 4% on the back of a congruous trading volume. After the open at $0.39, Monero-Classic moved during January 8 in the range between the said open and the close at $0.39, having posted the 24H low at $0.38 and the 24H high at $0.39. The crypto coin opened the trading session on January 9 at $0.39 and finalized it at $0.009; the highest point of price action was at $0.39, the lowest was detected at $0.009. Most trading activity on January 10 occurred in the space between $0.008 and $0.01; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.008, though the bulls had also staged the rally to the 24H high at $0.02. The asset posted the weekly low at $0.008, while the top of the weekly trading session was registered at $0.4. Traders saw Monero-Classic covering the $0.34 distance between the weekly low and the weekly high, which constituted for a 97% move.

Over the period of the last 7 days, January 4 to January 10, Monero-Classic saw its average trading volume fluctuate between $14 213 and $855. Over the week that came before the analyzed time span, the average trading volume of XMC ranged between $11 978 and $15 859. Percentage-wise, the trading volume of the asset changed by 21%, in comparison to the previous period, while its price experienced a 97% adjustment.

XMC experienced no change in total market capitalization during the past week. The price of the coin was not changed, with a 0% shift in its total market capitalization. Monero-Classic market capitalization from the week before experienced no change, as a result there were no price fluctuations.