CRYPTO-DAILY THE MKT IN NUMBERS: WEEKEND STARTER MKT LOSES $4.85B (FRIDAY 14/7/17)#0006

in #investing7 years ago

meta-chart.1407.png

Market Overview.

The market started the weekend expectedly on a bearish note losing $4.85B a decline of 5.74% of market cap to close(GMT+1) at $79.659B, volume traded was $2.803B a decline of 12.33%, I expect this decline to continue into Saturday with a respite by Sunday and maybe a pull back. I noticed unlike the previous weekend there is little or no hedging activity, investors funds are leaving the market as we can see spikes in crypto/fiat pairs with attendant negative impact on the market cap.
A total of 811 cryptocurrencies, 162 Assets, and 4,506 market pairs were traded. Bitcoin's market dominance increased negligibly to 46.2% of the total market cap.

TOP 10 BY MARKET CAP

RANKCOIN/ASSETMARKET CAP (BILLION$)%CHANGE
1BITCOIN BTC36.734-5.22
2ETHEREUM ETH18.768-4.0
3RIPPLE XRP7.323-5.15
4LITECOIN LTC2.236-7.07
5ETHEREUM CLASSIC ETC1.649-4.7
6DASH DASH1.213-4.84
7NEM XEM1.055-4.62
8MONERO XMR0.525-7.12
9IOTA IOTA0.484-18.09
10BITCONNECT BCC0.385-3.43
-TOTAL70.372-5.14

BitConnect BCC retains its No.10 spot despite an all RED top 10 board, however Monero XMR switched places with IOTA our biggest loser on the board (-18.09%) despite losing 7.12% itself, while the rest of the board remained unchanged. The top Ten cryptos combined market cap declined by 5.14% to close at $70.372B controlling 88.34% of the total market capitalization an increase from the previous day's 87.8%.

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TOP 10 BY VOLUME TRADED

RANKCOIN/ASSET24HR VOL (MILLION$)%CHANGE
1BITCOIN BTC874.855+2.87
2ETHEREUM ETH731.025-13.55
3LITECOIN LTC317.665+35.39
4ETHEREUM CLASSIC ETC220.414-50.02
5RIPPLE XRP96.773-57.31
6TETHER USDT91.847-12.88
7BANCOR BNT65.961+231.76
8FIRSTBLOOD 1ST54.295+38.65
9EOS41.557-21.83
10BITSHARES BTS30.681-40.94
-TOTAL2,525.075-12.97

Welcome Bancor BNT our new entrant to the top 10 by volume board, with a 231% leap in trading volume landed on the No.7 spot tossing EOS down to No.9 on the board. While FirstBlood 1ST still remaining on the board (surprised?) moved up one step to No.8 knocking BitShares BTS all the way down to No.10. I observed the rise of Bancor BNT was influenced by the BNT/ETH pair trading on BNT Smart Token Contract exchange. XRP recorded the most decline of 57.31% a surprising reversal of investors attention from the previous day's trading when it enjoyed the most attention from investors though mostly from China. Our top 10's combined volume was $2.525B a massive 90% of total volume traded a negligible increase from previous day.

TOP 5 EXCHANGE BY VOLUME

RANKEXCHANGE24HR VOL (MILLION$)MOST TRADED PAIR
1BITHUMB236.716ETH/KRW
2POLONIEX218.978ETH/BTC
3BITFINEX173.305BTC/USD
4OKCOIN158.828LTC/CNY
5KRAKEN142,800BTC/EUR

KRAKEN makes our top 5 board for exchanges powered by huge volumes in the BTC/EUR and ETH/EUR pairs, this trend was noticed in other exchanges a spike in Crypto/Fiat pair volumes indicating actual withdrawals amist consecutive lowered trading volumes on the top 5 exchanges.

TOP 5 BIGGEST GAINERS AND LOSERS

RANKCOIN%GAINEDCOIN% LOST
1GapCoin GAP+1686.85ScoreCoin SCORE-73.44
2Coinonat CXT+1075.21Neutron NTRN-56.31
3Cryptojacks CJ+333.81Wings WINGS-41.54
4Syndicate SYNX+305.58WAVES Community Token WCT-30.84
58Bit 8BIT+204.30Santinment Network Token SAN-30.46

*NEW LISTINGS

COINSYMBOL
OmiseGoOMG

ICO
RIALTO.AI is a team of data scientists designing proprietary algorithms for arbitrage and market making. ICO ended yesterday raised over $10M, in 14 days.
OROCRYPT is a Panamanian-based company that will issue tokenized precious metals. Tokens will be backed by securely stored and audited precious metals, convertible on demand, and easily tradable. ICO ended yesterday also it raised about 294ETH, 25 BTC, and 19,769 Euros in 30 days.

NEWS
Very Good for the weekend.
If Blockchain Ran the World: Disrupting the trust business-The Economist

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 DAY'S POST CRYPTO-DAILY THE MKT IN NUMBERS: MKT VOL DECLINES 3 DAYS IN A ROW (THURSDAY 13/7/17)#0005

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Thanks for the update man. Very helpful. :)

Thanks for dropping by.

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I look forward to tomorrow's report

Sure, let's hope for some positive news.