The appreciation of the cryptocurrency market continues to fall since the last relative high of May 5 and reached on Friday night the $ 256 billion, representing a drop of 12% in the last 24 hours.
In a little less than six weeks, the cryptocurrency market has depreciated by 45.4%, while, if we consider the historical maximum of the market of $ 830 billion reached on January 7 of this year, the decrease of the crypto-market in so far 2018 is 69.1%. Despite this, today's valuation is still 5% above the relative minimum of $ 245 billion from the first of April.
Regarding the behavior of bitcoin (BTC), which went from $ 6,737 to $ 6,006 in the last 24 hours, the loss is 10.8%. However, the most capitalized cryptocurrency reached today the lowest value of 2018, which means a loss so far this year of 65%, considering the maximum of $ 17,578 reached on January 5 last.
The $ 6,000 mark is important for bitcoin enthusiasts. This was overcome on October 31, 2017, when the price of cryptocurrency was rising thanks to the announcement that, by mid-December of that year, the sale of bitcoin futures in CME and CBOE would begin.
Almost eight months later, bitcoin has remained above that "psychological border" of $ 6,000, which is key to many technical analysts in the market. In case the BTC "drills" such support, the market could become more pessimistic. However, while this note is published it was possible to observe that the bulls (as it is known in the stock market to the investors who seek to maintain an upward trend) entered with force after the bitcoin touched the 6,000 dollars, which provoked a small but rapid rise in the price that returned it to $ 6,171.
Today, the CoinMarketCap cryptoactive table shows only 3 of them in green, among the top 100 according to their market capitalization. In this way, Game.com (GTC) is crowned as the winner of the day and recorded 38.81% increase, while QASH fell 20.58% in the last 24 hours and remains as the loser of the day.