Crypto markets correcting on Monday morning; Binance Coin and Dash still climbing, Litecoin, EOS, BSV and NEO dumping.
Following the weekend’s epic rally, crypto markets have started to correct this Monday morning. In a natural market movement crypto assets are pulling back but total market capitalization is still at a six month high of over $200 billion.
Over the past 24 hours surged to a new 2019 and nine month high of $7,500. The epic rally saw daily volume rise to a record high of $30 billion which is over double what the entire market was getting a few months ago. Since the peak, has pulled back as expected and is currently at $7,050, down over 4 percent on the day.
also got a boost finally as it topped $200 for the first time in six months. There was not enough momentum to keep ETH at this psychological resistance level and it too on the day to drop just below $190.
The top ten is all in retreat at the time of writing. All of the are beating a retreat aside from which has pumped 7 percent on rumours of a link up with eBay from leaked pictures from the Consensus 2019 conference in New York. BNB was at $22.70 a the time of writing.
Yes and the coin which is supposed to be supported is none other than
— CRYPTO ENTHUSIAST (@CRYPTOgraph_ER)
The rest are correcting hard with and losing the most at 5 percent. Cash, and are not far behind dropping 4 percent from their 2019 highs yesterday.
The top twenty is also a wall of red at the moment, all aside from Dash which has actually made a couple of percent to reach $129. SV is dumping hard with over 8 percent lost and NEO is back below $10 losing 5.5 percent on the day. The rest are sliding back 3 – 4 percent each.
FOMO: iExec RLC Enters The Top 100
RLC has pumped 13 percent to enter the top 100 and is the top performing at the moment. The cloud computing based platform is predominantly traded on which has 70 percent of the total volume. As mentioned, BNB is also getting some fomo today and Waltonchain has just spiked by 6 percent.
Most are dumping today but those dropping double digits include Factom, Aurora, Bytecoin and Truechain all losing 11-13 percent on the day.
Total market capitalization 24 hours. Coinmarketcap.com
Total market capitalization hit a new 2019 high of $224 billion yesterday. The move has been led by which surged 19 percent over the weekend. Since then the pullback has dropped over $10 billion out of crypto markets which have retreated back to $213 billion. Daily volume is still huge at over $80 billion and the correction has been expected.
Market Wrap is a section that takes a daily look at the top during the current session and analyses the best-performing ones, looking for trends and possible fundamentals.
Published at Mon, 13 May 2019 07:16:39 +0000
