The capitalization of Criptovaluta falls by $ 17 billion in the bearish correction


  bitcoin price

A widespread downward correction on the cryptocurrency market led to losses of over $ 17 billion

Almost all major currencies, including Bitcoin, Ethereum, Ripple and EOS, contributed to the crash . While Bitcoin dropped to 5% against the dollar, multinationals, including EOS, Bitcoin Cash, Litecoin, Monero, Ethereum and Ripple suffered double-digit losses. Stellar, at the same time, seemed the winner of the most bearish mess among the top ten cryptocurrencies, recording losses of over 6 percent.

Bitcoin Cash, EOS the worst of the Altcoins with the highest coins

At the time of this writing, both Bitcoin Cash and EOS have amplified their losses to over 16 percent in the last 24 hours.

Bitcoin Cash surprises because the currency has suffered a good run towards $ 648 due to strong fundamentals. But, at the time of this writing, the BCH / USD pair is now around 531-fiat. In the last 24 hours, the pair has lost 16.5% of its value in a widespread krypto-bear wash.

EOS is not too much behind Bitcoin Cash in claiming the worst day's altcoin prize. The currency, like Bitcoin Cash, was pursuing a steady uptrend; he had established $ 6.68 as a new weekly maximum. However, EOS / USD fell prey to cross-crypto-bearish sentiment and fell about 16.30 percent in the last 24 hours.

Bitcoin's new silver, Ethereum, fell close to 15% in the past 24 hours. The pair ETH / USD this week flirted like a king with resistance to 300 fiat. But, even in the face of the general bullish momentum in the encrypted market, the pair has constantly reversed downwards, only to find itself forming a new low towards 244 fiat.

Bitcoin Diamond Leads with 244 Percentage gains; Dropil Follows

Bitcoin Diamond, one of the Bitcoin forks, seems to be the only cryptocurrency that fought the negative trend. The BCD / USD pair has risen by more than 240 percent in what is believed to be a manipulated pump. However, a huge correction followed and canceled almost half of the gains. An extended bear that runs toward the origin of the previous gathering should not surprise speculators.

Another cryptocurrency that has had a lot of luck under the sleeves on a heavily bearish day is Dropil. Cryptocurrency, which is supported by an independent cryptocurrency platform, has seen over 15% of its value gains over the USD. The DROP / USD has risen from the intraday low to 0.0034-fiat at 0.0044-fiat, the highest since 2 September.

Bitcoin, meanwhile, extends the correction after breaking the Rising Wedge support mentioned in this analysis. A potential pullback is close to 6832-fiat, but a long upward run can not be guaranteed at the moment.

Featured image of Shutterstock. Charts of CoinmarketCap.

Follow us on Telegram or subscribe to our newsletter here.
• Join the CCN Crypto community for $ 9.99 a month, click here
• Do you want exclusive analysis and in-depth analysis encrypted by Click here.
• Open positions on CCN: sought-after full-time and part-time journalists.


[ad_2]Source link