CRYPTO-DAILY THE NUMBERS: BITCOIN BLEEDS AS MARKET REVERSE GAINS LOSES $5BILLION IN 24HRS#0035

in #investing7 years ago

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Market Overview.

Bitcoin falls losing more than 5% of its value led the Market to a $5.65Billion loss a 3.92% drop in value to close (GMT+9) at $138.47Billion, while volume traded was $9.125Billion a huge 51.45% increase from the previous day. High market volume and negative growth, we will see the effect of this in today's trading. A total of 856 cryptocurrencies, 215 Assets, and 5,189 market pairs were traded. Bitcoin's market dominance decreased to 45.5% of the total market cap.

TOP 10 BY MARKET CAP (BILLIONAIRE'S BOARD)

RANKCOIN/ASSETMARKET CAP (BILLION$)%CHANGE
1BITCOIN BTC63.045-5.28
2ETHEREUM ETH28.656-5.14
3BITCOIN CASH11.4151.16
4RIPPLE XRP6.74412.27
5LITECOIN LTC2.424-0.12
6IOTA IOTA2.337-4.57
7NEM XEM2.180-8.29
8DASH DASH2.019-6.57
9NEO ANS1.659-6.85
10ETHEREUM CLASSIC ETC1.313-1.28
-TOTAL121.792-3.78
-OTHERS16.674-4.91

RIPPLE was our biggest gainer with a 12.27% growth and 749.47% growth in volume retain its spot, while LTC and IOTA swapped places with LTC moving up one spot to No.5. Bitcoin recorded a significant loss of 5.28% reducing dominance and control on market cap and volume. While on the reverse NEM recorded the biggest loss of 8.29% as the rest of the board retained their spots. The top Ten cryptos combined market cap dropped by 3.78% to close at $121.79Billion controlling 87.96% of the total market capitalization, while the remaining cryptos market cap declined by 4.91% to close at $16.67Billion.

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TOP 10 BY VOLUME TRADED

RANKCOIN/ASSET24HR VOL (M$)%CHANGEDOM PAIR
1BITCOIN BTC3,358.1852.94BTC/JPY
2ETHEREUM ETH2,178.9772.68ETH/KRW
3BITCOIN CASH BCH1,2861.44BCH/KRW
4RIPPLE XRP630.82749.47XRP/KRW
5MONERO XMR267.851,027.79XMR/BTC
6TETHER USDT257.8380.78BTC/USDT
7LITECOIN LTC233.9254.71LTC/CNY
8ETHEREUM CLASSIC ETC133.70139.48ETC/KRW
9NEO ANS81.303.22NEO/BTC
10BINANCE BNB63.24-20.75BNB/BTC
-TOTAL8,491.8156.74
-OTHERS633.19-8.68

Let's welcome XMR (biggest gainer 1027.79%) and ETC to the board, they evicted OMG and DASH to claim spots No.5 and 8 respectively, while BNB recorded a negative growth of 20.75% in investors attention. Our dominant pairs show a 70% CRYPTO/FIAT pairing, while BTC/JPY dominated Bitcoin and KRW dominated 40% of the board. Combined volume was $8.49Billion a 56.74% rise, and an impressive 93.06% of total volume traded, while the remaining cryptos traded $633.19Million losing 8.68% of investors attention.

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NEWS

-A Bitcoin Law for Every State? Interest and Animosity Greet Model US Regulation-CoinDesk

-Bitcoin Cash Now Commands Over 20% of BTC’s Total Hashrate -Bitcoin.com

I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE, RESTEEM and FOLLOW for MORE. THANK YOU FOR YOUR ENCOURAGEMENT.

HAVE A PROFITABLE INVESTING DAY!

SOURCE:CoinMarketCap
SEE PREVIOUS POST CRYPTO-WEEKLY THE NUMBERS: MARKET CONTINUES GROWTH GAINS $6.2BILLION IN 7 DAYS#0033
BITSHARES WEEKLY THE NUMBERS AUG WK3#0034

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