Crypto markets pull back slightly; bitcoin recovering, Ethereum back at support, Tron a rare green gain.
As expected crypto markets have pulled back a little as the of the hack reverberates around the globe this morning. Unlike in previous times, however, there has been no major dump and crypto market capitalization is still around its highest level for several months.
took a bit of a hit when the broke that . After spending much of the past day over $5,900 it dropped back 2.7 percent to $5,790 before starting an immediate recovery. At the time of writing was at $5,880 less than a percent down on the day.
dropping 4 percent to fall back below $170 before a slight recovery back to it. The recent of possible has been forgotten and there was no push to new highs for ETH which may well drop back to support around $160 again.
The top ten is all red during Asian this morning, as to be expected after a major hack. The losses, however, are no greater than normal market action which has been going through the same cycles of green and red for the past month. As expected, Coin lost the most falling below $20 for the first time in three weeks. BNB has since recovered a little but further losses are likely if the exchange needs to use this to cover losses.
Cash, and have dropped around 3-4 percent each and flipped temporarily being the only coin in the green. TRX has gained 2 percent on the declaration that Justin Sun would donate the lost funds back to in USDT to buy more TRX or BTT on the exchange.
The top ten is also all red with Cosmos getting trounced 9 percent today. Tezos has also taken a big dive with loss of 8 percent and and Dash are ditching over 4 percent each. An pullback has been expected so this is no surprise to anyone today.
FOMO: ABBC Coin Still Cranking
The top performing top one hundred is ABBC yet again. Another 44 percent spike has taken this to $0.316 and the only thing driving it appears to be a listing on BitMax;
We are pleased to announce our listing in .
Deposit and withdrawal open on 10:00, May 13 (GMT+8).
will start on 21:00, May 14 (GMT+8).
For more information please click the link— ABBC Foundation (@abbcfoundation)
An obscure entry by something called Content may be spurious but Coinmarketcap is claiming that JCT has spiked 50 percent to jump into 69th place in the charts. TrueChain is the third in double digits adding 12 percent today.
Cosmos is the biggest loser at the moment and the only one dumping doubles. Newton and Ark are not far behind with over 8 percent lost on the day.
Total market capitalization 24 hours, Coinmarketcap.com
Total crypto market capitalization has fallen back off its to around $185 billion. The $4 billion dump is likely related to but is no greater than any other market movement seen over the past few months and a recovery has already started. ’s continues to strengthen and is now at a new 2019 high of 56.3 percent.
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 Wed, 08 May 2019 08:31:34 +0000
