Cryptocurrency markets retreating a little this Friday; bitcoin Cash, SV and EOS falling back, Tron static.
There has been a slight pullback on crypto markets today and further upward momentum could not be maintained. Total market capitalization has retreated a little but remains above $130 billion.
bitcoin could not break above strong resistance at $4,000 and has fallen back a little to $3,850 at the time of writing. Daily volume has dropped again also from over $5 billion to $4.5 billion as momentum wanes. BTC’s loss on the day is currently 1.75%.
Ethereum has also pulled back but only a fraction and is still over $150. The run up to should keep ETH buoyed up and even extend gains back to $200 over the coming month. Its lead over XRP in third has been extended to $1.1 billion.
The top ten is mostly red at the time of writing as markets correct once again from . The two altcoins losing the most are bitcoin Cash, as usual, and EOS, both shedding over 4%. bitcoin SV is back below $90 again with a 3% loss and the rest are dropping 1-2 percent during the day’s Asian trading session. Only Tron has remained in the green but only by a tiny fraction.
The top twenty is equally rouge as altcoins fall back behind their big brother. Ethereum Classic has taken the biggest hit of 4% at the time of writing. Monero and Zcash are down over 3% each and the rest are sliding around 2% on the day. Maker is the only crypto in the green but that is less than a percent.
A new entry to the top one hundred is getting today’s fomo pump as REPO surges 45%. DEX and Chainlink are both up around 20% at the moment but they are likely to dump again the following day. Only two altcoins are dumping double figures right now, Aurora and Kucoin Shares dropping over 10%.
Just over 2% has been lost from total crypto market capitalization over the past 24 hours. This has dropped the figure back to $131 billion. Daily volume has tailed off from $17 to $14 billion as the markets ebb and flow. The weekly picture looks much better as markets are up 9% since this time last Friday.
FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
Published at Fri, 04 Jan 2019 08:00:05 +0000