Crypto Market Wrap: Sideways on Saturday, Markets Flat Following Recent Rout

Market WrapCrypto markets take a breath after recent dump; Bitcoin Cash and SV recovering, Tron dumping recent gains.Crypto markets are still battered and bruised as we enter the weekend. There has been no sign of a recovery following the $16 billion rout over the past day or two. Total market cap is still a touch over $120 billion so the sideways channel has remained intact.Following its 10% dump yesterday Bitcoin hit an intraday high of just over$3,700 before retreating back to the $3,670 level where it has remained for the past few hours. BTC is currently holding above the $3,600 support zone which is crucial if it is to prevent further losses.Ethereum has not managed to reclaim its second place from XRP and is still below $130. The imminent Constantinople upgrade to the network is no longer a fundamental factor in the performance of ETH. As it has done since…

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