Today is another day that the cryptocurrency market lost massive value. Bitcoin down 4.95% while Ethereum has the worst week since Jan 2016 is now trading at 221.9 down 9.16% and 22.78% for this week alone. Ripple is doing not so good as well and went down nearly 10% before bounce back and -8% now. Litecoin was a big gainer in last week and have erase all the gain and now loss 6% today and 0.6% for this week. Ethereum Classic loss the market value by 3.89% for today and down 11% for this week mostly lost it 5th position to DASH because DASH is the only one in the top 10 that still stay strong in the green zone in this week performance. It’s down as much as 6.8% for to but gain 4.3% in this week made it the best performing crytocurrency of its peers.
Steem is staying at 16th by the market cap which had loss a massive 20% of its value in one day and sattle at -22% for this week. In other hand Steemit community is growing up and fast which will bring more demand of the new coin but Steem price rely on the market sentiment so it would be a good opportunity to start to buying if you have not.
This is a quick market update from me guys if you think this post is worth your time please give it an Upvote I will be so appreciated.
Thanks.