Bitcoin dropped to $8125 and it brought all cryptos to bearish trend. Total Crypto market cap is over $300b Bitcoin dominance: 44.6% (over $137b). Bitcoin has lost more than 50% of it's value since its all time high in December last year. Since then the market has been bearish. Most amateur investors seem to have cashed out their cryptos and are possibly waiting for the market to go bullish before start trading/investing again. On the other hand smart traders would definitely be so happy to see the price dip for profit taking. Etherium and Dash have lost heaps as well. If the trend continuous for more than 1 month, I personally predict the price would even go down further. Of course this is not financial advice. Do your own due diligent before investing or selling, and never invest more than you can effort to lose.
Current top volume BTC over $6b followed by USDT over $2.4b. That shows the trading pairs are mostly done between the two crypto currencies.
Top losers are TenX and Storm, they both lost 9.9% and 10.5%
Bitcoin dragged everything else down with it, but with Binance adding fiat pairs, altcoins may decouple more in the near future. Bear markets definitely suck.
We will wait have to wait for the bull to fight back
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Very good post
thx