Market Overview.
The Market fell by 2.4% losing $3.3Billion to close (GMT+9) at $134.572Billion while volume traded was $5.58Billion a 0.46% drop from the previous day. After two previous days of less than 1% growth the market pulled back, there was a lot of profit taking and I don't expect an immediate recovery, whats your take? A total of 850 cryptocurrencies, 210 Assets, and 5,096 market pairs were traded. Bitcoin's market dominance decreased insignificantly by 1.1% to 50.1% of the total market cap.
TOP 10 BY MARKET CAP (BILLIONAIRE'S BOARD)
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | %CHANGE |
|---|---|---|---|
| 1 | BITCOIN BTC | 67.365 | -4.53 |
| 2 | ETHEREUM ETH | 27.044 | -1.89 |
| 3 | RIPPLE XRP | 5.928 | -6.84 |
| 4 | BITCOIN CASH | 4.855 | -1.92 |
| 5 | IOTA IOTA | 2.552 | -3.41 |
| 6 | NEO ANS | 2.364 | 2.87 |
| 7 | NEM XEM | 2.345 | 11.56 |
| 8 | LITECOIN LTC | 2.254 | -0.57 |
| 9 | DASH DASH | 1.527 | 3.67 |
| 10 | ETHEREUM CLASSIC ETC | 1.282 | -0.62 |
| - | TOTAL | 117.516 | -3.29 |
| - | OTHERS | 17.056 | 4.18 |
NEM was our biggest gainer with an 11.56% growth moved up one spot to No.7 spot swapping places with LTC, while Bitcoin although losing 4.53% dominated the market controlling 50.1% and another 50.69% of total market volume. While on the reverse XRP recorded the biggest loss of 6.84% as the rest of the board retained their spots. The top Ten cryptos combined market cap dropped by 3.29% to close at $117.5Billion controlling 87.33% of the total market capitalization, while the remaining cryptos market cap grew by 4.18% to close at $17.056Billion.
TOP 10 BY VOLUME TRADED
| RANK | COIN/ASSET | 24HR VOL (M$) | %CHANGE | DOM PAIR |
|---|---|---|---|---|
| 1 | BITCOIN BTC | 2,828.59 | 0.53 | BTC/USD |
| 2 | ETHEREUM ETH | 935.04 | 7.56 | ETH/KRW |
| 3 | NEO ANS | 228.49 | -30.03 | NEO/BTC |
| 4 | TETHER USDT | 198.01 | 42.22 | BTC/USDT |
| 5 | LITECOIN LTC | 144.08 | -15.03 | LTC/CNY |
| 6 | BITCOIN CASH BCH | 121.22 | -14.36 | BCH/BTC |
| 7 | OMISEGO | 103.68 | 23.03 | OMG/BTC |
| 8 | RIPPLE XRP | 99.67 | 44.41 | XRP/KRW |
| 9 | IOTA IOTA | 74.19 | 4.39 | IOT/USD |
| 10 | QTUM QTUM | 56.85 | -29.13 | QTUM/CNY |
| - | TOTAL | 4,789.82 | 0.53 | |
| - | OTHERS | 790.18 | -6.10 |
XRP recorded the biggest growth 44.41% in investors attention albeit negative as it recorded negative growth in its market cap, it rose two spots to No.8 swapping places with QTUM. While USDT rose two spots to No.4 pushing LTC and BCH down one spot concurrently to No.5 and No.6 consecutively. Our dominant pairs show a 70% CRYPTO/FIAT pairing, while BTC/USD dominated Bitcoin as it recorded negative growth indicating significant movement of funds out. Combined volume was $4.789Billion a 0.53% rise, and an impressive 85.84% of total volume traded, while the remaining cryptos traded $790Million losing 6.10% of investors attention.
NEW LISTINGS
| COIN | SYMBOL |
|---|---|
| The ChampCoin | TCC |
| Excelcoin | EXL |
FRESH ICO's
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NEWS
This Is Why Digital Currencies Need A Self-Regulating Organization- HuffingtonPost
Ripple Confirms China Expansion Plans, Shoots Down Alibaba Rumor-CoinDesk
Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year -CoinTelegraph
I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE, RESTEEM and FOLLOW for MORE. THANK YOU FOR YOUR ENCOURAGEMENT.
HAVE A PROFITABLE INVESTING DAY!
SOURCE:CoinMarketCap
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