Those who access CoinMarketCap will have a shock. Almost all the cryptocurrencies in Top 100 are red, as if they were at war.
Still first in Top 10, Bitcoin falls 4.97% in the last 24 hours and with a quote of $ 2421. Ethereum, worth $ 350 past week, also depreciated against the dollar. A coin now costs only $ 250.
All major players are shaken by these price cuts, and the market does not show any signs of revival. Although the losses are not as serious as the previous "massacre".
The biggest amount of losers in Top 10 are on Bitshares, which dropped 14.25%, and Ethereum, which dropped 11.75%. Among other things, Dash has the slightest depreciation of only 1.95%.
For now there is no way out of this deadlock. Let us remember, however, that there have been similar situations in the past and every time cryptocurrencies have managed to recover. There were even more serious cases when critics predicted it was over, but then the market found resources to strengthen.
Is there another crisis?
Everything that is happening now reminds us of the situation a month ago, called the "crypto massacre". Then, for over a week, most cryptocurrencies seen significant negative growth. At the end of May, coin prices seemed to be a huge roller coaster.
There was no point of support, and most of the major currencies were red. Bitcoin, Ethereum, Ripple, Nem which lost 24%, 31%, 39% and 40% respectively of their value.
Two weeks later, in mid June, another major weakening of the market followed. This time, the top four cryptocurrencies have depreciated between 13% and 17%.
Three bubbles within one month already mean too much. Is this another massacre on the crypto market? We'll have to see for ourselves.
Source
Remember to follow me
for more articles like this one!
Thank you for your attention!
More crypto-news coming soon!