[ad_1]
Bitcoin today plummets another 5% while the hash's ego war continues to rage inside Bitcoin Cash and seems to continue to affect the cryptocurrency markets. All the main altcoins take even larger shots than the bitcoins.
In the last 24 hours, the cryptography market has lost another $ 14 billion. The strong losses in the major cryptocurrencies pushed the total market capitalization to a minimum of 13 months of $ 172 billion. In the last week, total market capitalization slipped by over $ 30 billion.
The cryptocurrencies have suffered a prolonged collapse since the beginning of the year and since then have not been able to start an adequate recovery effort.
BTC hovered around the $ 6,000 level of BTC for more than six months and every time that BTC dropped to between $ 5,800 and $ 6,200, it rebounded to half $ 6,000. This time it's different, it will again be a steep climb up to the $ 6k level.
The Altcoin are breaking even more, even the elastic XRP can not repel the bears this time, losing 7.5% a day. If there is a positive close above the resistance of $ 0.5000 and $ 0.5050, the XRP price may resume its move upwards. Conversely, if buyers fail to push the price above the $ 0.4900 and $ 0.5000 levels, there could be more losses in the short term. The next major support is $ 0.4700, below which the price of ripple may fall to the $ 0.4500 level.
Cardano is plummeting down from the digital drain, with another 12% in value lost today. The ADA / USD should further decline towards the $ 0.0530 level.
EOS, Tron, Litecoin and Monero are losing more than 8% on the day. The only winners are stable coins, not only Tether but also others like TrueUSD, Dai and Paxos.
An altcoin pops out when the red markets run – Factom, which has increased by over 30% on the day. The rise is stimulated by the potential partnership with Equator Homes, a real estate giant that targets real estate agents.
Third largest crypto Ethereum has been trading in a bearish zone and it looks like it could fall further towards $ 165.00 and $ 160.00 range. In the event that it corrects higher, previous supports at $ 172.00 and $ 177.00 could represent strong resistance for buyers.
Join our Telegram channel or Follow @CaptainAltcoin
The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
[ad_2]
Source link
