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The crypto markets return marginally backward, Ethereum is prey to delays in the fork, Tron and Maker later.
Yesterday's minor recovery faded as quickly as it began and the crypto markets are retreating again. The total market capitalization is just over $ 120 billion and further reductions seem likely.
Bitcoin found a new level of short-term resistance at $ 3,700 and failed to break it. As a result, the bears came back into play and BTC returned to $ 3,650 at the time of writing, down 1.5% a day. Bitcoin is down nearly 10% from the same period last Wednesday when it was over $ 4000.
The week of Ethereum is getting worse at the moment. The delays of the long-awaited gallows of Constantinople sent ETH to collapse by more than 5.5% over the course of the day towards $ 120. The XRP, losing less than 1% in the day, increased its lead over Ethereum to $ 800 million.
The top ten is again red during the Asian trading session of the day. Tron and Litecoin are down 3-4% and Stellar is not far behind. This led Tether to go up the chart and overturn XLM for sixth place, only $ 200 million behind EOS on the fifth. The Altcoins are all extremely weak at the moment.
Even the top winds are all red, but here the losses are lower. The creator is about to leave this section with a 5% reduction to $ 440, Neo lost 3%, but the rest loses 1-2% of the day.
There are two coins that grab the fomo today and receive two digits. Stratis has increased by 18% and with WAX following at 14%, it seems that there is not much to push, so expect dumps tomorrow. Speaking of landfills, a previous pumper – REPO is about to be destroyed today losing more than 40%. Dentacoin and Factom are both losing double with 16 and 12% respectively.
Almost 2% was lost from the total market capitalization from the same period yesterday, when it fell to $ 121 billion. The weekly picture is sad with a slide of over 11% and a loss of over $ 16 billion from cryptographic markets. Going back a month will be easier in the eyes even if the markets are up 18% from the lows of 2018 in mid-December. The dominance of Bitcoin holds 52.5% as it remains within range of action.
Market Wrap is a section that daily analyzes the first 20 cryptocurrencies during the current trading session and analyzes the best performances, looking for trends and possible basic elements.
