January 2019 has proved to be the bear run we all were afraid of. This month has seen a square wave of pumps and dumps that still can’t be marshalled into a pattern.
Red is in the air today as well, with 4-10% loss in almost all major cryptocurrencies.
Here’s how the Top 10 cryptocurrencies performed today.
Bitcoin (BTC):
Bitcoin has gone down by -4.21% in the last 24 hrs. It started the day with $3,745 and maintained it till 16:00 (UTC+5) when it nose-tipped and shed a $100 in an hour. Since then, it’s maintaining the newly achieved drop rate.
The sentiment metric isn’t helping BTC either. It’s in the negative at press time while remaining in the negative for majority of the day.
Ripple (XRP):
The second in-line to the top, XRP is down by 4.26%, shedding down to $0.317. It’s $1 billion up from Ethereum in market capitalization which has been chasing it for the second spot for months now.
Ethereum (ETH):
Ethereum is down by 6% at press time, shedding $5 in graphs today. Market capitalization is down by approx. $800 million. Its sentiment has thoroughly been in red today, reflecting into the prices.
The following seven:
The rest of the currencies fell like dominoes when the top 3 crashed. All are in reds with the loss between 5-10%.
Digital asset ties. Myth or fact?
Photo by Ashim D’Silva on Unsplash
