CRYPTO-DAILY THE MKT IN NUMBERS: MARKET APPLIES BRAKES AS $30M WORTH OF ETHER REPORTED STOLEN #0010
Market Overview.
The market experienced another hack yesterday with reported $30M worth of Ether stolen due to a bug in parity wallet, some of the affected coins experienced losses after the announcement. Details below. Now to the numbers, the market applied some brakes, after it peaked at $86.45B it slowed down (expectedly) shaving $4.408B a 5.21% decline to close(GMT+1) at $80.157B, while volume traded also declined by 19.29% with investors committing $4.743B. In today's trading, I expect the slow down to continue except we get some positive news from the market in these uncertain times. The question is does Bitcoin have the momentum to change the market's direction with the confusion over August 1st. A total of 811 cryptocurrencies, 175 Assets, and 4,610 market pairs were traded. Bitcoin's market dominance increased by a significant 2.3% to 47% of the total market cap.
TOP 10 BY MARKET CAP
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | %CHANGE |
|---|---|---|---|
| 1 | BITCOIN BTC | 37.691 | -0.31 |
| 2 | ETHEREUM ETH | 18.564 | -12.86 |
| 3 | RIPPLE XRP | 6.390 | -11.38 |
| 4 | LITECOIN LTC | 2.150 | -6.09 |
| 5 | ETHEREUM CLASSIC ETC | 1.407 | -6.96 |
| 6 | DASH DASH | 1.163 | -1.31 |
| 7 | NEM XEM | 1.149 | -4.15 |
| 8 | IOTA IOTA | 0.649 | -15 |
| 9 | MONERO XMR | 0.525 | -1.5 |
| 10 | STRATIS STRAT | 0.396 | -1.39 |
| - | TOTAL | 70.089 | -5.21 |
Once again we have an all negative board as the market slows down, with IOTA taking the biggest loss of 15% while Dash in its never ending battle of supremacy over Nem XEM swapped positions, with Dash winning this round to claim the No. 7 spot. All other coins on the board held on to their positions. I think that if we do not record growth in today's trading then we all have to brace up for another RED weekend. The top Ten cryptos combined market cap dived by 5.21% to close at $70.089B controlling 87.44% of the total market capitalization a negligible decline from previous day's 87.75%, while the remaining cryptos retain 12.56%.
TOP 10 BY VOLUME TRADED
| RANK | COIN/ASSET | 24HR VOL (M$) | %CHANGE | DOM PAIR |
|---|---|---|---|---|
| 1 | ETHEREUM ETH | 2,279.618 | -16.98 | ETH/KRW |
| 2 | BITCOIN BTC | 1,240.946 | -23.14 | ETH/BTC |
| 3 | LITECOIN LTC | 244.734 | -60.36 | LTC/CNY |
| 4 | TETHER USDT | 201.777 | -17.03 | ETH/USDT |
| 5 | ETHEREUM CLASSIC ETC | 150.665 | -92.25 | ETC/CNY |
| 6 | RIPPLE XRP | 138.000 | -128.84 | XRP/KRW |
| 7 | EOS EOS | 54.623 | -10.87 | EOS/CNY |
| 8 | BITSHARES BTS | 53.108 | -26.92 | BTS/CNY |
| 9 | QTUM QTUM | 29.403 | +42.93 | QTUM/CNY |
| 10 | DASH DASH | 27.570 | -6.55 | DASH/BTC |
| - | TOTAL | 4,420.444 | -21.11 |
Guys, let's welcome our debutant Qtum to the board with a 42.93% growth in investors appetite, it claimed the No.9 spot deposing Dash and evicting Zcash ZEC from the board, now the question, is Qtum visiting or here to stay? find out tomorrow. The big one Tether USDT moved up 2 steps swapping places to claim No.4 spot deposing Ripple XRP who lost a whopping 128% of its previous trading volume with an attendant 11% loss in market cap. We also saw EOS swapping places with Bitshares BTS claiming the No.7 spot, the board recorded negative growth in volume save Qtum. I noticed Ethereum ETH has in the last 4 consecutive days led this board and increasing its hold every passing day, 48% just 2% shy of half of the market volume was traded in Ethereum ETH what is going on?. Observing the dominant pairs, Tether USDT had ETH/USDT pair dominate unlike its usual BTC/USDT, the Asians are still in control. Our top 10's combined volume was $4.42B a massive 93.21% of total volume traded a decrease from previous day's 95.54% leaving the remaining cryptos with 6.79% of investors attention.
TOP 5 EXCHANGE BY VOLUME
| RANK | EXCHANGE | 24HR VOL (MILLION$) | MOST TRADED PAIR |
|---|---|---|---|
| 1 | BITHUMB | 596.808 | ETH/KRW |
| 2 | POLONIEX | 424.222 | ETH/ BTC |
| 3 | OK COIN | 325.394 | ETH/CNY |
| 4 | COINONE | 319.685 | ETH/KRW |
| 5 | BITFINEX | 276.360 | ETH/USD |
We saw a decrease in volumes across exchanges with Bithumb doing 28% less from the previous day.
TOP 5 BIGGEST GAINERS AND LOSERS
| RANK | COIN | %GAINED | COIN | % LOST |
|---|---|---|---|---|
| 1 | UnbreakableCoin UNB | +87.35 | SwarmCity SWT | -45.96 |
| 2 | FuckToken FUCK | +72.45 | RubbleBit RUBIT | -40.41 |
| 3 | Rupee RUP | +61.05 | VoyaCoin VOYA | -38.52 |
| 4 | Bitcoin Unlimited BTU | +58.56 | ScoreCoin SCORE | -36.23 |
| 5 | ZetaMicron ZMC | +46.47 | Edgeless EDG | -34.98 |
Edgeless EDG and SwarmCity SWT are among the reported coins to have been affected by the hack, and investors reacted with 34.98% and 45.96% loss respectively, very very sad (see link below for full story). On a lighter note, FuckToken FUCK gained 72.45%, I didn't know people still give a FUCK.
NEW LISTINGS
| COIN | SYMBOL |
|---|---|
| CoEval | COE |
| RSGPcoin | RSGP |
ICO
None launched.
.
NEWS
Litecoin Core v0.14.2 Release Candidate- LiteCoin
$30 Million: Ether Reported Stolen Due To Parity Wallet Breach-CoinDesk
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-DAILY THE MKT IN NUMBERS: MARKET SOARS AMIDST BITCOIN'S CIVIL WAR #0009
I always appreciate really Great Info in Steemit posts. Thank You
Thank you too, am encouraged.
The past 11 hours since this post changed entirely for Bitcoin as it broke pass $2,700
I don't get your comment but Just like i said except some news happens the mkt was going to be dull. Well support for segwit2x crossed 80% and the mkt has reacted with BTC crossing 2700usd i will advise caution and more research, am learning that it still doesn't stop jihan from forking.
Good article. Really appreciate you bring this to our attention. Not sure if I believe in the current crypto investment climate but I do believe in the blockchain. We do need more indept investment analysis. Does anyone know about: https://www.coincheckup.com For a complete crypto analysis on every single tradable crypto out there.