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Crypto predictably markets dumping this weekend, Bitcoin SV, Cardano and Neo get hurt.
As expected, cryptographic markets were unloaded again after a few days of solid gains and the dead cat rebounded. Over $ 10 billion has been inundated, erasing all the progress made this week. The total market capitalization has returned below $ 130 billion and is heading south again.
Bitcoin led the lemmings once again when it dropped almost 9% from $ 4,300 to a minimum of $ 3,940 a few hours ago. Since then, BTC has recovered the $ 4000 level, but further losses are likely. Ethereum has collapsed predictably with a loss of over 6% to a minimum of $ 112 for the day it is currently traded.
Today the plateaus are bleeding again during Asian trading. The Bitcoin SV lost more with more than 12% down to $ 90, Brother BCH is not far behind with a slide of 8%. Cardano is losing a similar figure as he slides closer to leave the top ten again. Stellar kept his fourth place above Bitcoin Cash despite losing 6%. The rest in the top ten is dropping from 4 to 6% per day at the time of writing.
The top twenty are heaviest losses this Saturday with Neo, Zcash and Ethereum Classic, all down from 8 to 10 percent at the moment. The rest is falling around 6-8 percent of the day.
Yesterday's pump is still underway today, as Theta token adds another 40% during bleeding. It would not be wise to bet against being the biggest dumper tomorrow. Factom and MOAC are still climbing at the time of writing. The pump dump is Bitcoin Private nosediving of 18% on the day, followed by Chainlink down 15% during Asian trading.
The landfill today was predicted as encryption markets that lost $ 10 billion in a few hours. The total market capitalization currently stands at just under $ 130 billion and is poised for further declines that could mirror the big landfill last Sunday at the lowest point in the year. All gains made during the week have been lost on the 7% slide and there are dark clouds on the horizon in encrypted land.
FOMO Moments is a section that takes a daily look at the 20 best live shows during the current trading session and analyzes the best results, looking for trends and possible bases.
