Ethereum, Ripple XRP and bitcoin cash each hit yearly
lows as altcoins extended their recent skid.
Not exact matches
Cryptocurrencies hastened their decline on Thursday, with the total market cap falling to its
lowest level in over a week
as bitcoin and the major
altcoins...
All of the major coins are trading
lower today after a bearish weekend,
as altcoins are still underperforming Bitcoin, with the market leader holding up well...
Trading volume has been concentrated in Bitcoin and Bitcoin Cash again today,
as altcoins in general traded with
low volatility and muted volumes.
The cryptocurrency market pivoted
lower this week,
as bitcoin and most major
altcoins experienced a broad correction.
It's been a two - faced session in the cryptocurrency segment,
as the most valuable coin drifted
lower in a choppy fashion, while several major
altcoins posted lofty...
As altcoin valuations soared, bitcoin remained unable to break past $ 15,000, and it appeared helpless to prevent ripple, ethereum, and company from chipping away at its market share, which reached a historic
low this week.
The price movement has not been
as pleasant for
altcoins this week with all the major cryptocurrencies other than Bitcoin taking
low to moderate losses.
Altcoins are also sharply
lower,
as Ethereum breached $ 700, while Litecoin tumbled under $ 250 in early trading, continuing the broad correction that started last week, and Dash is flirting with the $ 1000 level after trading at $ 1200 yesterday.
As CCN reported yesterday, the bitcoin dominance index has now reached an all - time
low with the combined market cap of the top four
altcoins — ripple, ethereum, bitcoin cash, and cardano — now surpassing that of bitcoin.
Choppy trading conditions dominate the market of Bitcoin
as well
as the largest
altcoins», but with the downtrends in the segment still clearly being intact, a test of the
lows is likely in the coming days.
Even with the high speed and
low cost of transactions, most of bitcoin's infrastructure such
as the remittance platforms, payment systems, and wallets have no support for bitcoin cash and see it
as an
altcoin.
Altcoins lost up to 40 percent, and Bitcoin was close behind, suffering a 30 percent drop and reaching
as low as $ 11,833 a coin.
An analysis of Coinmarketcap's top 20
altcoin listings shows a depressing picture
as Bitcoin's surge leaves many struggling to stay above multi-month
lows.
The cryptocurrency market pivoted
lower this week,
as bitcoin and most major
altcoins experienced a broad correction.
The crypto segment turned upside down today, compared to the recent trends,
as Bitcoin turned
lower after a lengthy period of relative strength thanks to the Bitcoin Gold fork, while
altcoins pushed significantly higher, led by the recently struggling IOTA, Ripple, and NEO, while almost all of the major coins joined the advance.
Other
altcoins such
as bitcoin cash also followed the market sentiment and moved
lower by roughly 17 %.
This rally has been
altcoin - driven, and,
as the bitcoin price continues to languish below $ 14,000, the flagship cryptocurrency's market share has reached a historic
low.
The coin's share of the market slipped to a
low of around 32 % earlier in the year
as altcoins surged to record highs.