The weekend business has started again, Ethereum, Bitcoin Cash, Litecoin and Cardano are being demanded:
It was expected in yesterday’s crypto market, people started to get together, things have been sold today. This cycle has revised itself several times over the past couple of months. Total market capitalization has descended to just above $215 billion as ten billion has left the markets over the past 24 hours.
Falling back 2.5%, Bitcoin has been dropped to $6,540 and it stayed at same place in its channel was disable to gain above $6,700. With more mixed signals from US regulators, crypto traders remain cautious and the bears are controlling over market again. Likewise with Ethereum which has been transacted the 5% it made yesterday. ETH is down to $217 and still looking very weak.
Altcoins are facing lots of losses today as another crypto sudden arrival 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.
Cash in hand of altcoins in the green right now and they contain Eternal Token climbing 8% to $2.22, Zcoin up 6.6% to just over $10 and Pivx and ReddCoin go top around 4% on the day. The remainings are getting battered with Electroneum taking the biggest hit of 23%, followed by GXChain and Dentacoin both dropping over 8% in the weekend selloff.
This pattern has been noticed so many times and is growing fatigued. Cryptocurrencies just appear to be able to manage their benefits 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 power is currently at 52% and has dropped back somewhat over the past couple of weeks. Things are still very bearish in the crypto land.
FOMO Moments is one part that have 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.
Mark Peter is a full-time member of the reporting team at Bitconews. He is a finance major with one five of writing experience. He has not held any value in Bitcoin or other currencies. He joins Bitconews as a freelance journalist, blogger and forex trader.
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