Bearish Market Hits Cryptocurrencies Hard; Is The Market Recovering Anytime Soon?

2018-11-14 12:58

Are bearish markets real? Do they affect many cryptocurrencies at the same time? Yes. Yesterday, the bearish market was highly pronounced, unexpectedly hitting down all top 28 cryptocurrencies, yes 28.

In a straight bearish movement, tokens from Bitcoin downwards closed with significant losses, BAT and Maker managed to dodge the bullets for split seconds and fell right back. Out of all top 100 cryptocurrencies according to data from coinmarketcap, only 18 tokens attained gains for a short while in the last 24hrs.

While the bearish market hit the Ethereum for two days, Bitcoin surprised traders yesterday and almost fell below the $6,300 level for the second time in November. Trading volume fell by 0.30%, Market cap totaled at $110.67 B.

Ethereum’s trading price struggled to maintain stability, leaving traders highly skeptical as it staggers to strengthen its grip on a $207.56 per Ether but is likely to lose momentum and possibly make a comeback from the $150 to $190 resistance level.

Ripple’s outstanding performance yesterday was short lived as the token has now lost over 2.09% and cornered at $0.510597 for a short period of time. As of the time of writing Ripple is still shedding trading price as losses for today have already risen up to 1.71%.

Stellar, Litecoin, Cardano, Tron and EOS are not exempted from this crisis, the tokens have pushed and pulled but repeatedly failed to break out of their nearest resistance level. Stellar has descended the most with a loss of 4.07%, following the same suit, Tron has also gone down by 2.32%.

Meanwhile, Bitcoin Cash has surprisingly managed to navigate through the bearish market with slight gains ahead of its upcoming hard fork. BCH skyrocketed to an all-time daily high of $532.58, nearly breaking resistance to hold up at $600. As of this writing, BCH has amassed gains of 1.42% with a trading price of $515.31.

The post Bearish Market Hits Cryptocurrencies Hard; Is The Market Recovering Anytime Soon? appeared first on ZyCrypto.

origin »

SoonCoin (SOON) на Currencies.ru

$ 0.0015993 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0015993 - H: $0.0015993
Капитализация $19.932k Rank 99999
Цена в час новости $ 0.0025921 (-38.3%)

bearish market cryptocurrencies soon yes recovering hits

Источник: zycrypto.com

bearish market → Результатов: 126


Why Long-term Crypto Investors Should Capitalize on the Ongoing Bearish Market Trend

The current bearish market trend in the cryptocurrency industry has left many enthusiasts pondering how long this plummeting will continue, or if the markets will ever pick up again. To make matters worse, some experts are alleging that Bitcoin is on its deathbed, and the recent drastic decline in the coin’s value seems to affirm […]

2018-9-12 22:39


Фото:

World’s Most Expensive CryptoKitty Sold For 600 ETH ($170,000)

The 896,775th CryptoKitty Sells For 600 ETH Even amidst a bearish market, some users still seem to want to pour their hard-earned crypto funds into popular DApps and smart contracts. As reported by CNET, the 896,775th CryptoKitty, named Dragon, has just been sold for 600 Ethereum (ETH) or the equivalent of $172,000 at the time […] The post World’s Most Expensive CryptoKitty Sold For 600 ETH ($170,000) appeared first on Ethereum World News.

2018-9-6 23:37


Crypto Derivatives Trading Labeled Toxic as Synthetic Bitcoins Claimed Lethal

Synthetic Bitcoins Are Much More Dangerous Than Real Ones Derivatives trading has been going through a phase of resurrection as of late. The reversal in the crypto market, from bullish to bearish, has resulted in the traders increasing the leverage and rushing to swap BTC derivatives that promise greater risk and reward. Even though platforms […]

2018-8-28 20:39


Фото:

Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallies.

2018-8-25 00:42


Фото:

Why Price Actions and the Blockchain Ecosystem Offer Two Distinct Narratives

Although the cryptocurrency industry is experiencing a bearish market, the broader blockchain ecosystem is snowballing and reaching a point of maturity. Assessing the growth of the blockchain industry by focusing on the cryptocurrency market is thus a misleading metric as the technology is thriving in the broader fintech ecosystem.

2018-8-25 00:00


Фото:

Crypto Execs Remains Bullish, Even Amidst Bearish Setbacks

The cryptocurrency market has had its fair share of fluctuation in the past year or two, with the price of crypto assets reaching all-time highs, just to crash by over 70% subsequently. While this near-unpredictable price action has irked some shorter-term investors (speculative traders), two crypto-centric company execs, Hunter Horsley of Bitwise and Spencer Bogart […] The post Crypto Execs Remains Bullish, Even Amidst Bearish Setbacks appeared first on Ethereum World News.

2018-8-21 02:49


Crypto Trading Revenue to Double in 2018 Despite Bearish Market, Analysts Predict

Crypto prices have risen to dizzying heights and then gone through bearish times over the years. Traders have made millions of dollars and others have lost just as much. Some institutions have hailed cryptos as the next big thing while others have banished them, terming them bubbles and scams. However, there has been one market […]

2018-8-20 17:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

US House Delivers Surprise Knockout: Sweeping FIT21 Crypto Bill Passes

The US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) by a resounding 279 to 136 vote. The bill, seen as a major win for the crypto industry, aims to establish a long-awaited regulatory framework for digital assets in the US.

Why This Crypto Bull Run Might Not Live Up To The Past: Analyst

In a detailed analysis shared with his 788,000 followers on X (formerly Twitter), renowned analyst Pentoshi has forecasted a more restrained outlook for the current crypto bull run, suggesting that it may not mirror the explosive growth seen in previous cycles.