Cryptocurrency market takes a significant dip as bears usher in the new week with substantial losses

2019-4-22 10:55

At press time, the current state of the cryptocurrency market is not one that reflects the kind of market that traders of any cryptocurrency (be it BTC altcoins traders) are expecting to wake up to as the bears have taken the upper hand and the bulls are almost invincible.

At the time of this writing, the majority of the cryptocurrencies as listed on Coinmarketcap have taken a dip, some more intense than others, however, the current survivors are on the lesser average.

More precisely, only 13 cryptocurrencies have managed to resist the upcoming bloodbath with slight gains, but to rely on this would be a risk in itself as any slight downturn in the trading volumes of any of these surviving coins and tokens is most likely to take it to the opposite direction; the bearish path.

Current performance of coins/tokens at present

Bitcoin (BTC): The big bull has largely contributed to the overall losses attained by the cryptocurrency market, which is estimated to well over $100 million with BTC making up a significant amount of over $40 million in market cap.

This decline has been a barrier to BTC which had already crossed over to the $5,300 mark and was headed for the next resistance levels. After its short term upsurge to $5,359, BTC lost momentum to later clinch at $5,314.

Despite the bearish attack, BTC has only dropped by less than 1%, with a little less interference with the bears, BTC is certain to make a correction in its current trading price of $5290 and head back upwards.

Altcoins

On the other hand, it is no surprise that altcoins are the most affected, as they make up the majority of the market. The overall highest losers being Crypto.com chain (CRO) and Basic Attention Token (BAT) have lost 11% and 12% respectively.

Meanwhile, top altcoins like EOS and LTC have dropped by 4% and 5% respectively. The effects of this to these rival coins have resulted in EOS taking the upper hand, not with more gains, but lesser loss.

The post Cryptocurrency market takes a significant dip as bears usher in the new week with substantial losses appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

cryptocurrency market bears time traders substantial losses

Источник: zycrypto.com

cryptocurrency market → Результатов: 126


U.S. vs China Battle for Financial Dominance: What’s the Impact on the Cryptocurrency Landscape?

As a seasoned cryptocurrency analyst, it’s clear that the international financial system is at a critical juncture. The geopolitical tensions between the U. S. and China, the rise of CBDCs, and the need for regulation in the crypto market are all factors that could significantly impact the global economy and the crypto market.

2023-6-27 22:00


Фото:

New Token, Metamortals Aims To Overtake Axie Infinity To Lead the P2E Cryptocurrency Market

As the cryptocurrency market widens and more industry players look to improve on existing use cases, the cryptoverse may be due for a shift. As a result, we’re witnessing a rise in an ecosystem where players enjoy the full benefits of the blockchain and crypto world, from staking for high rewards to unlocking higher yields […]

2022-8-19 19:07


Фото:

“Bitcoin Is About To Make Fiat Institutions Like The IMF Obsolete,” Says Market Analysts

The cryptocurrency industry’s growth has drawn a lot of attention, especially in 2021. Commentators in government at the international and national levels have had to express their stance on the industry and in particular, Bitcoin – which is the largest cryptocurrency by market valuation as well as the pioneer cryptocurrency.

2021-9-1 19:12


Фото:

This Indicator Suggests Bitcoin is Slowly Reaching Overheated Levels as Rally Slows

Bitcoin and the entire cryptocurrency market have been caught within a firm uptrend as of late, but it has transformed into consolidation throughout the past couple of days BTC and its smaller counterparts are all trading sideways, with bears trying to gain an edge over bulls as they slowly push the cryptocurrency lower Where the market trends in the near-term should depend largely, if not entirely, on whether or not BTC can surmount $40,000 once […]

2021-1-10 22:00


Фото:

Ethereum’s Bullish Trend May Not Stop It from Seeing a Strong Correction: Analyst

Ethereum and the entire cryptocurrency market have been facing some immense turbulence throughout the past few days and weeks The selling pressure seen by the cryptocurrency within the upper-$600 region has been quite intense, and may cause it to face continued weakness One trader is now noting that where the market trends next will depend mostly, or entirely, on Bitcoin He notes note that he is looking for ETH to see a strong correction over […]

2020-12-23 01:00


Altcoins Pumping on Cryptocurrency Exchange Listing Brings Back Memories Of Bull Market

You can’t teach an old dog new tricks, but apparently, listing an older cryptocurrency on a new exchange can bring back memories of the cryptocurrency bull market that once was. An altcoin being listed on Binance has resulted in nearly a 100% intraday pump – something that hasn’t been seen since crypto prices and exuberance […]

2020-6-22 20:30


Фото:

Cryptocurrency News Roundup for March 12, 2020

It’s the textbook example of a market bloodbath — there’s no way to sugarcoat it. Cryptocurrency traders who didn’t get a chance to react had the worst of it. Almost $100 billion was wiped from the market cap over the past 24 hours, with Bitcoin closing 38% in the red and some major altcoins lost […] The post Cryptocurrency News Roundup for March 12, 2020 appeared first on BeInCrypto.

2020-3-13 11:21


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru