In late July, bitcoin was surprised by the rapid growth, it was followed by altcoins. Experts predicted that this will begin a natural correction of courses, and it is not long in coming. Total market capitalization fell to $260 billion. In one day, minus $14 billion.
Fluctuations in the TOP-5 of cryptocurrency
Bitcoin. The sharp decline began in the early morning, the first price of the cryptocurrency fell by 4% and continues to decline. Despite the fact that last week the asset failed to reach the mark of $7900 and enthusiasts were hoping that bitcoin will breach the resistance of $8,000. The immediate support is at the level of $7250, then $7100. Market capitalization currently stands at $126 billion, almost 50% of the total value!
Ethereum. Published news about the launch of a new update, Constantinople could not hold cryptocurrency from dropping. This update focuses on scaling the existing system until activated other protocols. ETH price fell nearly 4%, the next level of support is at the level of $400. The share in the market capitalization is $41 billion.
Ripple. This cryptocurrency has proved remarkably resilient. Neither rapid growth nor sharp fall was observed. Experts explain this by the decrease in demand for XRP, because the token is, in fact, exist separately from the company Ripple and absolutely not involved in the new developments. At the time of writing for 1XRP $0,44.
Bitcoin Cash. Leader in the TOP 5 in the speed drop. One day, the rate decreased by 7%, for the single BCH give you $713. Not so long ago the hard forks of bitcoin 1 year old! But against the laws of the market will not go, and the birthday boy is dropping along with other cryptocurrencies. Support is at the level of $705. Capitalization is $12 billion.
EOS. The price of bitcoin has decreased only slightly, by 2.6%. Capitalization is $6 billion. The nearest support lies at $6,85.
While there is no reason to panic. Predictable correction after such a rapid growth. Buying activity has declined, and bulls gather strength for the next round.
Previously on this topic in the news:
26.06.2018: Why fall cryptocurrency? – 5 reasons
Last year the digital asset has grown by leaps and bounds. During the year the capitalization of the cryptocurrency rose from $17.7 billion to $613 billion, a growth of 3300%! In 2018, the virtual currency fell to a minimum, and there are 5 reasons.
5 reasons for the fall of cryptocurrency:
28.05.2018: which cryptocurrency to invest in the near future?
Cryptocurrency market is active movement not happy, but capturadora has identified a list of assets which may soon rise significantly. TOP 4 cryptocurrencies in which to invest in June.
Alleged leaders June:
Such events are very important to the cryptocurrency community, and on the background of the release of updates and software, asset prices will rise dramatically. Follow the movement of the market and invest wisely!
24.05.2018: Tom Lee: “3 reasons bitcoin will rise to $25 000”
Tom Lee Lindstroma prediction on which bitcoin rally after the conference, the Consensus did not materialize, continues to insist that by the end of the year the value of cryptocurrency will rise to $25 000. The forecast analyst with wall street underpins the three factors.
3 reasons supporting the growth of bitcoin:
The current situation on the market analyst and investor explains “typical cryptocurrency volatility” and is confident that bitcoin will beat your record from last year.