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Cryptographic markets have just fallen from the cliff; Ethereum, Bitcoin Cash, Binance Coin and Neo hurt badly.
The cycle continues as yesterday's pump turns into today's landfill. Cryptographic markets have once again failed short-term gains and are falling again. The total market capitalization has returned below $ 130 billion, while the cycle rinses and repeats and $ 8 billion is swept away in a mere hour or so.
Bitcoin rebounded twice a day for $ 4,060 before retreating. A massive landfill has just begun when a huge red time-saving candle has toppled the BTC below $ 3,850, erasing recent gains and causing a 5% decline above the day.
Ethereum has more pain and loses 8.5% to less than $ 140 as it also falls off the cliff and hits a new low for the week. The market capitalization has returned to under $ 15 billion and Ripple's XRP is clashing again with ETH. Losing only 3.5% at the time of writing, XRP is just $ 100 million behind Ethereum, an imminent awakening.
The top ten was destroyed in the last hour or two, except for Tron, who is still standing a good 15%. TRX briefly broke the $ 2 billion barrier before retiring under it a few hours ago. Bitcoin Cash as usual was beaten with a crash of 11% below $ 145, while Litecoin and Bitcoin SV both lost 8%.
The two altcoins in the first twenty have been hit over 10% at this time: Binance Coin and Neo, and Monero and Ethereum Classic are not far behind. Things are so bad in the first twenty that another stablecoin has entered, USDC is now 19 years oldth spots while Maker and Zcash are retiring.
Tron is the top altcoin in the top 100 right now, in fact he is the only one doing double digits like the rest of the cryptic land dumps again. Yesterday's two winners of Fomo are unloading all their earnings today, namely Holo and Pundi X, both of which lost more than 15% during the day.
The total market capitalization has fallen to $ 129 billion in the last hour. This is a loss of over 5.5% on the day when $ 8 billion of releases in less than 60 minutes. The daily trading volume is 18 billion dollars, but at the moment everything is in flow. The side channel continues to hold up for now, but last week's gains have become digital dust.
FOMO Moments 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.
