Market Analysis

Market Watch Sep.9: Crypto blooding continues

from Crypto Potato 5 years ago 0 0 854

The crypto markets dipped further after a sell-off last week. All the cryptocurrencies among the top 20 by market cap are seeing losses with most of them losing above 5% of their value.

Bitcoin And Ethereum

Bitcoin hovers below 6300 which represents about 4% loss of its value over the 24H. The top cryptocurrency traded around $6400 – 6500 over the last two trading sessions but couldn’t hold its position during the previous 24 hours. BTC currently sells for $6200 as of writing these lines.

Ethereum, on the other hand, is now below $200 (12 month low). The second biggest cryptocurrency currently trades at $192, having lost around 11% in the last 24 hours.

Total Market cap = $192 billion | BTC market cap = $107 billion | BTC Dominance = 55.9%

Major Crypto Headlines

– Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes

– South Korean Official Proposes Greater Cooperation for Global Crypto Regulation

– Cryptocurrency is already a “regulated industry” in the United States, says Coinbase CEO.

Most Significant Gainers And Losers

After a manipulation to lure new and unsuspecting investors on the previous trading day, Bitcoindark is on a price correction. BTCD is traded as high as $80 during the last 24 hours, but at the time of writing, trades at $66.70 with a daily trading volume of $765,028, representing a 53.52% gain against the USD. Bitcoindark seems to be among the dead coins in the crypto space. It looks like the project team has officially abandoned the projection. The official website domain name has expired, and no updates from their social media account for months now.

Another bitcoin hard fork is on the list of top gainers in the last 24 hours with a 28.70% increase against the US dollar. At the time of writing, Bitcoin Plus (XBC) trades at $23.41 with a trading volume of $139,119. The last trading session was just another good day for XBC and its investors.

After a green run over the last seven days, IGToken (IG) lost more than 40% of its value against the USD. This sudden drop in price happened after the project community manager, Lieu H, reportedly sold all his IG tokens while the rest of the team was asleep.

According to the report, Lieu left the Korean group which lead to FUD and investors started dumping. The team, however, has asked investors to “stop the dumping”. IG currently trades at $0.000249 with a volume of $1,576,350.

Announcement: We have to explain one thing that just happened. Our hired community manager – Lieu H, sold all his IGs while we slept and disbanded the Korean group, and made FUD to scare people.He is scammer,we are very sorry about this. We should not trust a stranger. — IGToken(IG) (@IGToken_net) September 9, 2018

Parkgene (GENE) ended the last 24 hours on the red side of the wall. Gene saw a 36.73% decline against the USD, a case of market volatility. At the time of writing, the token trades at $0.002234 with a market cap of $625,061 and a volume of $125,550.