REPORT #0003: CRYPTO-DAILY THE MKT IN NUMBERS (BLACK TUESDAY 11/7/17)

in #investing7 years ago (edited)

Market Overview.

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Yesterday we saw the market drop over 8% in its first 8hrs of trading, the Bulls attempted a failed comeback before the market closed (GMT+1) at $80.772B losing about $3.6B a 4.3% loss. The market recorded a surge in trading volume a contrast to falling market cap indicating massive profit taking by investors, $4.834B worth of crypto exchanged hands an increase of 70% over previous day's trading.
A total of 812 cryptocurrencies, 161 Assets and 4,446 market pairs where traded. Bitcoin's market dominance rose to 47.9% of total market cap.

TOP 10 BY MARKET CAP

RANKCOIN/ASSETMARKET CAP (BILLION$)
1BITCOIN38.664
2ETHEREUM18.532
3RIPPLE7.105
4LITECOIN2.370
5ETHEREUM CLASSIC1.388
6DASH1.224
7NEM1.075
8IOTA0.552
9MONERO0.550
10BITCONNECT0.384
-TOTAL71.844

Join me as we welcome Bitconnect a first timer to the top 10 board, it displaced EOS to claim the No.10 spot. While Monero and IOTA swapped places again leaving the top 7 intact. The top Ten cryptos combined market cap dropped by 3.55% to close at $71.844B controlling 89% of the total market capitalization an increase of 9%.

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TOP 10 BY VOLUME TRADED

RANKCOIN/ASSET24HR VOL (MILLION$)
1ETH1,586
2BTC1,440
3LTC438
4XRP292
5ETC209
6USDT189
7EOS127
8BTS68
9DASH49
10ZCASH40
-TOTAL4,438

ETH had investors attention as the most traded currency at 33.06% of total market volume although mostly profit taking, a whopping 60% increase in USDT volume indicating hedging activity. On the top 10 board XRP moved up from No.6 spot to No.4 displacing ETC to No.5 and USDT to No.6. Our top 10 cryptos enjoyed investors attention with 91.7% of total volume traded an increase from previous day's 90%.

TOP 5 EXCHANGE BY VOLUME

RANKEXCHANGE24HR VOL (MILLION$)MOST TRADED PAIR
1POLONIEX541.262ETH/BTC
2BITHUMB446.488ETH/USD
3BITFINEX307.886ETH/USD
4KRAKEN282.107ETH/EUR
5COIN ONE272.031ETH/KRW
37BITSHARES DEX5.535BITCNY/BTS

An analysis of the exchanges showed that the direction of investors funds moved mostly into fiat and hedging assets like BitCNY, USDT and BitUSD. ETH was most hit as seen above, most exchanges recorded large volumes in ETH/FIAT pairs with some as high as 70% of the exchange's volume.

NEWS

11 new cryptocurrencies were listed/started trading today

COINSYMBOL
SOVEREIGN HEROHERO
OPERACOINOCN
PEEPCOINPCN
TRADECOINV2TRADE2
GLOBAL TOUR COINGTC
FINCOINFNC
RUPEERUP
FUTURXeFXE
DAXXCOINDAXX
FALCOINFAL
SPHRE AIRXID

ICO

INSUREX is a marketplace for insurance based on blockchain technology. it is aimed primarily at institutions such as insurers, reinsurers, and brokers. This ICO was launched yesterday to find out more HERE

I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE and RESTEEM.

HAVE A PROFITABLE INVESTING DAY!

SOURCE:CoinMarketCap
SEE PREVIOUS DAY'S POSTHERE

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nice one, well done!

Thank you am encouraged.