A Predictable Weekend Dump Drops $10 Billion From Crypto Markets
The weekend selloff has begun again, Ethereum, Bitcoin Cash, Litcoin and Cardano dumping.
As predicted in yesterday’s crypto market roundup, things have dumped today. This cycle has repeated itself several times over the past couple of months – a few days gaining then one big dump losing it all. Total market capitalization has dropped to just above $215 billion as ten billion has left the markets over the past 24 hours.
Dropping back 2.5% Bitcoin has fallen to $6,540 and it remains in its channel unable to get above $6,700. With more mixed signals from US regulators crypto traders remain cautious and the bears start to dominate. Likewise with Ethereum which has dumped the 5% it made yesterday. ETH is down to $217 and still looking very weak.
Writing this market roundup is becoming very predictable lately. Altcoins are all in the red today as another crypto avalanche ensues. Bitcoin Cash is getting hit the hardest in the top ten with an 8% dive to $517. Stellar, Litecoin and Cardano are all in pain also losing 4-5 percent on the day. The top twenty is not looking much better with all altcoins losing between 2 and 4 percent. Dash and Tron are shedding closer to 5% at the moment.
There are only a handful of altcoins in the green right now and they include Eternal Token climbing 8% to $2.22, Zcoin up 6.6% to just over $10 and Pivx and ReddCoin climbing around 4% on the day. The rest are getting battered with Electroneum taking the biggest hit of 23%, followed by GXChain and Dentacoin both dropping over 8% in the weekend selloff.
QuadrigaCX CEO Lost $190 Million in Crypto, Former Friend Says He Was Fearful
Friday April 19, 2019
The untimely death of QuadrigaCX CEO Gerald Cotten has left $190 million worth of customers’ crypto funds inaccessible. Many theorized that Cotten faked his demise to disappear with the money. But according to his...
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This pattern has been seen so many times now and is becoming rather tiresome. Cryptocurrencies just cannot seem to be able to maintain their gains and keep losing them after a couple of days. Total market capitalization has declined over 3% on the day to $216 billion. Ten billion has been lost since yesterday however trade volume has remained at $16 billion. Bitcoin dominance is currently at 52% and has fallen back somewhat over the past couple of weeks. Things are still very bearish in crypto land.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
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XRP Community Celebrates as Ripple Surges After Holding Support: Could 0.48 Be Next?
Wednesday April 17, 2019
Although Ripple’s performance over the past few weeks has been dismal to say the least, and holders of the cryptocurrency have missed out on many of the massive gains that other cryptocurrencies have been...
The post XRP Community Celebrates as Ripple Surges After Holding Support: Could 0.48 Be Next? appeared first on 12bitplay - Bitcoin Play.