Bitcoin Keeps Its Price Afloat While The Cryptocurrency Market Falls Slightly
The crypto market starts today, June 27, 2018, below the barrier of 250 billion dollars, after having managed to overcome it a couple of days ago with a steep rise of 8% in its capitalization. Its value at the time of writing is $ 246 billion.
Yesterday, the capitalization of the global cryptocurrency market experienced a 5% drop, from 256 to 242 billion dollars. Shortly after noon (UTC -4: 00) there is also a significant drop in the volume of transactions , which ranges from 16 to 10 billion dollars, that is, 37%. Although at the time of writing this article shows a slight escalation in this average, as shown in the graph below:
The last time the global cryptocurrency market had similar levels was on November 23, 2017, when it was in full swing; an ascent that took him to the top of the historical chart of his appraisal weeks later: $ 829 billion.
The CoinMarketCap cryptocurrency list shows a downward trend for the moment, but in recent days there have been no drastic movements at a general level. The leader of the top 10, bitcoin (BTC), shows a slight drop of 1.57% and a value of $ 6,112 , which although it is far from its record price ($ 20,089), is almost three times higher than a year ago , when a BTC cost $ 2,539.
The current price of bitcoin and the swings that it has shown this year reflect how crucial the support of $ 6,000 is for its investors. On several occasions so far in 2018, it has been seen that when a fall has brought it closer to this value, the BTC immediately bounces on an impulse created by the bulls , who see this as an ideal opportunity to buy and open short positions. and / or long term. Although the momentum has not been strong enough for the first cryptocurrency to take off and adopt an upward trend.
As for the other cryptoactives that top the list of CoinMarketCap, their figures are also shown in negative. Bitcoin Cash (BCH), Stellar (XLM) and Cardano (ADA) reflect losses of over 4% in the last 24 hours. Ethereum (ETH), IOTA (MIOTA) and EOS are in the -3% range, while for their part, Ripple (XRP) and Litecoin (LTC) have fallen more than 2%.
In the top 100 of cryptoactives, according to their capitalization in the market, not many show growth, but among them stands out Monaco (MCO) with an increase of 13.52% in the middle of a market dyed red. Likewise, the cryptoactives that are on the downside are led by Dentacoin (DCN), which reflects a 13% drop.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by juli03 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.