Top 10 Cryptos

At the moment of writing, top 10 assets were bearish, with all of them in red

Screen Shot 2018-07-11 at 10.00.38 AM.png

Looks like this recent dip may have had something in common with yesterday's Bancor hack](

https://twitter.com/Bancor/status/1016420621666963457[
- Bancor

). Although Bitcoin is still above $6,000 the trend direction changed and the markets look bearish again.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $1.26 on Coinmarketcap, significantly down from yesterday in fiat, and in BTC.

The 1 hour chart shows a very abrupt downtrend, moving the needle below 19k satoshis, after a week in which STEEM traded consistently above 23k satoshis

Screen Shot 2018-07-11 at 10.01.09 AM.png

The 1 day chart puts these losses in perspective: STEEM is now back where it was before the bull run at the beginning of July

Screen Shot 2018-07-11 at 10.01.14 AM.png

SBD was trading, at the moment of writing, at $1.11, down from yesterday in fiat and in BTC.

The 1 hour chart shows a significant loss, taking SBD to around 17k satoshis

Screen Shot 2018-07-11 at 10.01.30 AM.png

The 1 day chart is indicating SBD reached the level it had before last year December pump

Screen Shot 2018-07-11 at 10.01.40 AM.png

SBD to STEEM Ratio

At the moment of writing, according to steem.supply you could get 0.863 STEEM for 1 SBD, up from yesterday, and under parity.

Screen Shot 2018-07-11 at 10.02.15 AM.png

Overall opinion: Markets reacted sharply to negative news and it seems the lack of volume and the fact that we're in the holiday season made the price plunge. STEEM was quite vulnerable to this, while SBD is a bit more resilient.

Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me Hive account@dragosroua.

Wanna know when you're getting paid?

I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards

It's free to use, but if you think this is a useful addition, I'd appreciate your witness vote.

Thank you!

Psst: new to Steemit? Start Here

Market Snapshot - July 11th 2018