Market kisses another $ 25 Bln goodbye, Crypto Slaughter plays

Content

The cryptographic resources of the top ten groups suffered significant overnight losses: Bitcoin lost 14% of its value, with Ethereum at a disadvantage, down 14.5%. It is followed by the recently divided BCH, down 45 percent and XLM has lost 10 percent, with all these coins losing much of their volume and momentum.

Bitcoin cash becomes "thinner" than other coins

Bitcoin Cash SV (BCHSV), the emerging currency as a result of the recent hard fork of the BCH chain, initiated by the fraction of Craig Wright, has fallen from $ 170 to only $ 60 in just three days.

Its rival, Bitcoin Cash ABC, has declined from around $ 450 to $ 270. The situation is getting worse for the SV currency, partly due to the fact that – as U.Today reported earlier – two large mining pools, BTC.com led by Bitmain and Jihan Wu and Bitcoin.com under the guidance of Roger Ver, he decided to end the "chaos encryption" and began to dig only Bitcoin Cash ABC.

Analysts believe that the current market situation would force BCH and other digital assets to go lower. In particular, BCHABC could probe the $ 180 threshold the first time in its existence, which will last just over a year.

Other players in the market

As with other electronic currencies – such as XMR, DASH, TRX, BNB and IOTA – all of them have plummeted an average of 16 percent.

It seems surprising to see the fall of Binance Coin, considering the fact that the exchange maintains the position of leader in its line of business, with BNB which is the currency with the best performance results throughout the year, even better than BTC .

BNB has now plummeted by around 74%, falling from its all-time high. In comparison, Bitcoin lost about 76.5% and BUTTERIN ETH declined by 87%.

However, BTC and BNB both held their position in the market in recent months, from mid-summer until recently. However, according to analysts, since ICO start-ups still own many ETH coins, Ethereum could continue to fall below the highest levels of support in the coming weeks.

The bad fortune crypt of Ethereum

ETH has lost 15%, which is pushing the coin down by $ 130. As mentioned above, the forecast is coming true for life and start-ups that have raised funds for their ICO projects. in Ether they are now selling on important and minor exchanges.

As the downward pressure on Ethereum is strengthening, the currency may fall further and probe the $ 100 level. This would be the first time since 2017.