Cryptocurrency Trading Update: Bitcoin SV Enters Top Ten, Markets Still Falling
Crypto markets have failed to hold their gains from yesterday’s rally and are sliding back again today. Total market capitalization has fallen back below $125 billion as it eyes another new low this week.
A baby bounce that saw Bitcoin get back to $4,000 died as quick as it started as BTC is falling again today. Over the past 24 hours Bitcoin has bounced off support at $3,650 twice and it looks like this will not hold again. At the time of writing BTC was down 7% on the day trading just above $3,700.
Ethereum is weakening by the day and no rallies are in sight. ETH is also down 8% from yesterday’s minor gains, currently at $105. The top ten is painting a grim picture once again as most cryptos are sliding between 6 and 9 percent on the day. Stellar has taken the biggest dive and Monero has been knocked out of the top ten by a new entry.