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.
Bitcoin Cliff Hanger, BTC Slides 10.2% In A Early Stage Of A Correction
Monday July 15, 2019
Bitcoin (BTC) is down 10.2 percent BTC may be a store of value, but President Trump’s skepticism could bog down progress President Trump’s highlighting Bitcoin is bullish and hints of how disruptive the coin...
The post Bitcoin Cliff Hanger, BTC Slides 10.2% In A Early Stage Of A Correction appeared first on 12bitplay - Bitcoin Play.
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.
The post A Predictable Weekend Dump Drops $10 Billion From Crypto Markets appeared first on NewsBTC.
Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K
Thursday July 18, 2019
Ripple price found support near the $0.2830 level and recovered recently against the US dollar. The price traded above the $0.2940 resistance and the $0.3000 pivot level. This week’s followed bearish trend line was...
The post Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K appeared first on 12bitplay - Bitcoin Play.