Bitcoin Cash, Ethereum, and Litecoin drop by more than 6% in an hour; has the correction wave begun?

2019-5-16 08:43

Altcoins followed Bitcoin’s [BTC] lead and pumped higher. However, since Bitcoin slumped by ~2% in an hour, several altcoins have dropped by more than 6% over the hour.

Bitcoin Cash [BCH]

The fourth largest cryptocurrency in the world by market cap underwent an upgrade on May 15, 2019, to implement Schnorr Signatures. However, the upgrade was faced with an obstacle after many people in the community claimed that a hacker exploited a bug after waiting patiently for months.

Source: TradingView

As a result, the price of Bitcoin Cash [BCH] fell by 8.37% in an hour. The price went from $443 to $412, and the market cap fell to $7.4 billion.

Ethereum [ETH]

Ethereum, the second largest cryptocurrency, fell by approximately the same amount as Bitcoin Cash, i..e, 8.21% in an hour. However, at press time, the price seemed to be recuperating as the candle was green.

Source: TradingView

Ethereum’s market cap also faced an instant setback as it collapsed from $28 billion to $27 billion. The coin looked good over the longer time frame, as the price went up by 49% over 7 days.

Litecoin [LTC]

The silver to Bitcoin’s gold, Litecoin, faced a drop more brutal than the aforementioned coins, collapsing by 9.26% in an hour. The price of Litecoin reached $100 point after almost a year, but the coin was facing massive rejection at this level, something that can be attributed to Bitcoin’s slump.

Source: TradingView

Litecoin’s price, at press time, was hovering over $100 with a market cap of $6.18 billion. The fifth largest cryptocurrency in the world hovered just below Bitcoin Cash [BCH].

EOS

EOS suffered the same fate as the rest of the altcoins, dropping by 6.88% in an hour. The price of EOS, at press time, was $6.64 and it had a market cap of $6.03 billion, just below Litecoin.

Source: TradingView

Over a larger time frame, the altcoin performed better than its counterparts as the price was up by 34% in 7 days. The above fall in altcoins after Bitcoin’s drop by 2% shows the correlation that exists between Bitcoin and other altcoins.

The post Bitcoin Cash, Ethereum, and Litecoin drop by more than 6% in an hour; has the correction wave begun? appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68728.03 (-0.10%)
Объем 24H $41.904b
Изменеия 24h: -0.06 %, 7d: -3.36 %
Cегодня L: $66916.68 - H: $68910.37
Капитализация $1359.604b Rank 1
Цена в час новости $ 7248.18 (848.21%)

bitcoin hour cash begun however upgrade wave

Источник: ambcrypto.com

bitcoin hour → Результатов: 126


Bitcoin Price Analysis – Bullish Golden Cross on the Hourly?

$6400 was acting as a significant resistance level for Bitcoin’s price, however, over the last hour, the price has managed to break to the upside and is currently trading above the $6500 level. The move up over the last hour was on significant volume showing there is some weight behind the move which contrasts heavily with […] Bitcoin Price Analysis – Bullish Golden Cross on the Hourly? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-16 15:04


Cheap Electricity Fees Might Make Kosovo a Cryptocurrency haven For Mining

Kosovo has one of the lowest electricity prices in Europe. In the UK for comparison, the price is about 19 US cents per kilowatt hour; but, in Kosovo the price is less than half at 7 US cents.   At only 7 cents per kilowatt hour, one Bitcoin can be mined for about 3000 US […] The post Cheap Electricity Fees Might Make Kosovo a Cryptocurrency haven For Mining appeared first on ZyCrypto.

2018-6-18 09:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

NEAR may be heading to its 2024 low, despite bullish signs - Why?

While the asset seemed to be trading within a bullish pattern, it faced significant downward pressure too Market participants contributed to this trend by moving NEAR to exchanges Over the pThe post NEAR may be heading to its 2024 low, despite bullish signs - Why? appeared first on AMBCrypto.

TRON holders are 'in profit,' but what next for TRX's price?

At the time of writing, TRX was trading above its 200-SMA, showing a long-term bullish trend Token burns alluded to a deflationary mechanism for the altcoin TRON (TRX) has recently registereThe post TRON holders are 'in profit,' but what next for TRX's price? appeared first on AMBCrypto.

After a 25% price drop, can Kaspa [KAS] crypto rebound to $0.12?

Kaspa’s price dropped by double digits over the last 30 days Several metrics hinted at a trend reversal towards $0.12 The last 30 days were disastrous for Kaspa [KAS] as it shed a substantThe post After a 25% price drop, can Kaspa [KAS] crypto rebound to $0.12? appeared first on AMBCrypto.

A Trump win is good for Ethereum ETFs - Analyst

The Ethereum Fund Market Premium flipped negative, showing weak institutional demand for ETH products  Nate Geraci believes staking for Ethereum ETFs could happen sooner under the Trump adminiThe post A Trump win is good for Ethereum ETFs - Analyst appeared first on AMBCrypto.