Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Paha87 on August 25, 2018, 07:49:02 AM
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While the cryptocurrency markets once again moving backwards, losing the experience accumulated in recent days the increase in price, only IOTA and Lisk still remain afloat.
We have witnessed countless falls in the crypto market this year, failed attempts at growth and price volatility. This morning the market is back in red, and the total market capitalization has lost the achievements of the last days and fell below $ 215 billion.
Bitcoin remains relatively stable, unlike altcoins, which compete in loss-making. BTC is still trading at $6'470, at the same level as in the last couple of days. Consequently, market dominance of BTC has increased again to 52.6% as altcoins lose in value. The ether fell again, falling to 285 us dollars, which is the lowest figure in almost a year.
Altcoins in red, EOS is leading the decline, losing 5% the price of the token was at the time of printing at $4.90. Stellar and Cardano also lost more than 4% per day, and the remaining altcoins - from 2 to 3 percent. Among the top 20, only IOTA is currently in green, showing growth of 1.7% and at the time of printing trading at an average of $0.528.
After yesterday's rapid growth Tezos lost 13%, falling in price to $ 1.35, and Dash and Neo also fell by 4%, losing hard-earned in recent days, the price increase. The rest of the top ten in capitalization fell by 1-3% at the time of writing. A similar pattern is observed for almost the entire top 30, with only Lisk showing growth. LSK rose 2.5% to $3.92, which is also very little for this altcoin, which traded more than $ 30 just seven months ago.
New to the top 100, Eternal Token, shows a significant increase, demonstrating 28% growth. Power Ledger also rose by 6% due to the listing on the exchange BTC Markets in Australia. On the red end of the scale Veritaseum lost 14% and has remained with Bitcoin are Private, and Kucoin Shares in a strong loss.
The total capitalization of the crypto market fell to 212 billion us dollars, losing 1.8% over the last 23 hours, the trading volume also remains low, fluctuating at the level of 12 billion dollars in the last day, which indicates the lack of the possibility of a powerful impulse that can quickly shift the crypto market from the current values.
It seems that the market is dominated by bears because even in the absence of hacks or negative news, any good news has only a minor impact on the entire ecosystem. The bear market trend in 2018 is still strong.
Link to inforation resoure - https://altstake.io/news/kriptorynok-v-krasnom-alytkoiny-snova-padayut
(https://www.fxteam.ru/files/images/finance/bitcoin-crash.jpg)