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Markets Update: Bearish Momentum Grips Leading Cryptocurrencies Following BTC Tests ATH Trendline
Trade Update: Bearish Momentum Grips Leading Cryptocurrencies Following BTC Tests ATH Trendline
As of the writing, XRP is the second largest cryptocurrency marketplace using a capitalization of $14.16. XRP currently comprises 11.05percent of their complete cryptocurrency capitalization.
BCH Loses 15% in Seven Hours
Of the top economies, BCH was one of the hardest hit, dropping 15% against the dollar in only seven hours.
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XRP along with ETH Vie for Second Largest Market Cap
XRP was able to dethrone ETH since the second largest crypto marketplace after ETH dropped by 12% in less than eight hours currently trade for $134. When measuring against BTC, ETH dropped by 6.5percent to trade for nearly 0.035 BTC.
As of the writing, BCH is priced just below $140, the lowest the market has traded since Dec. 20. When measuring against BTC, BCH has dropped by 10% in the last seven months and is now investing for 0.036 BTC.
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Launched Cryptocurrency Market Capitalization Loses $11.5 Billion in One Day
The cryptocurrency markets also have generated a slight retracement in response to bitcoin core (BTC) analyzing a long-term trendline dating back to December 2017’s record highs. The dip has seen bitcoin money (BCH) slide back under $150, and BTC fail to hold over $4,000. As of the writing, ripple (XRP) has again overtaken ethereum (ETH) to rank as the largest altcoin by market cap. Also Read: It’s Time We Began Replies Items in Satoshis
ETH is now the third largest cryptocurrency using a market cap of $14.01 billion and a marketplace dominance of 10.95%.
Ripple was one of the least heavily struck markets by now ’s bloodshed, falling 9 percent in the last seven hours to trade at $0.35 and 3.7percent in the last 12 hours from BTC to now trade for roughly 90,500 satoshis.
At approximately 01:00 EDT, BTC dropped by nearly 6 percent within one hour. The movement reversed all profits created by the spike over $4,000 that was submitted on Jan. 6, sending doubt across the economies.
Even the cryptocurrency markets have hauled back following BTC forming a third point of contact using a leading descending trendline stemming from the record drops submitted nearly 25 months ago.
What cryptocurrency do you expect to devote the largest portion of 2019 since the largest altcoin from capitalization? Share your thoughts in the comments section below!
As of the writing, BTC has a market cap of nearly $66.81 billion and a marketplace dominance of 52.5%. BTC is now trading for $3,860 on Bitfinex and $3,775 on Bitstamp. The retracement saw the joint capitalization of all cryptocurrencies drop by more than $11.5 billion, falling from nearly $138.9 billion to $127.1 billion now.
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BCH is now the fourth largest cryptocurrency marketplace using a capitalization of $2.44 billion. BCH has a market dominance of roughly 1.9%.