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The crypto markets correct Monday morning; Binance Coin and Dash continue their ascent, dumping Litecoin, EOS, BSV and NEO.
After the epic bitcoin rally, the crypto markets began to correct this Monday morning. In a natural market, cryptographic assets are declining, but total market capitalization has reached its highest level in six months, exceeding $ 200 billion.
In the past 24 hours, Bitcoin reached a new record of $ 7,500 in 2019 and nine of its last 9 months. The epic rally saw the daily volume reach a record $ 30 billion, more than double what the entire market was earning a few months ago. Since the peak, BTC has fallen as expected and is currently trading at $ 7,050, down more than 4% on the day.
Ethereum also got a boost, since it exceeded $ 200 for the first time in six months. There was not enough momentum to keep the ETH at this level of psychological resistance and it also fell by 4% on the day, falling just below $ 190.
The top ten are all retired at the time of writing. All altcoins retreat, with the exception of Binance Coin, which reported 7% of rumors that a link to eBay would be linked to photos from the 2019 Consensus conference that were leaked. BNB was trading at $ 22.70 at the time of writing.
Yes, and the piece supposed to be supported is none other than $ bnb
– CRYPTO ENTHUSIAST (@CRYPTOgraph_ER) May 12, 2019
The rest corrects fiercely, Litecoin and EOS losing the maximum to 5%. Bitcoin Cash, Stellar and Cardano are not far behind, registering a 4% drop from the peaks reached in 2019 yesterday.
The top twenty is also a wall of red for the moment, apart from Dash who actually earned a few percent to reach $ 129. Bitcoin SV is dumping heavily with more than 8% losses and NEO is back below 10 USD losing 5.5% that day. The rest drops by 3 to 4%.
FOMO: iExec RLC enters the top 100
RLC has pumped 13% to enter the top 100 crypto currencies and is the most successful at the moment. The token of the blockchain platform, based on cloud computing, is mainly traded on Binance, which accounts for 70% of the total volume. As mentioned, BNB also receives fomo today and Waltonchain has just increased by 6%.
Most of the altcoins are dumping today, but Factom, Aurora, Bytecoin and Truechain all lost 11 to 13% during the day.
Total market capitalization 24 hours. Coinmarketcap.com
Total market capitalization yesterday reached a new high of $ 229 billion in 2019. The move was led by Bitcoin which jumped 19% over the weekend. Since then, the withdrawal has dropped more than $ 10 billion in the cryptography markets, which fell to $ 213 billion. The daily volume is still huge, exceeding $ 80 billion and the correction has been expected.
Market Wrap is a section that examines daily the main crypto-currencies during the current trading session and analyzes the best performing, looking for trends and possible fundamentals.
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