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Crypto markets correct this Sunday; Bitcoin Cash, SV and Crypto.com dumping, BNB, BitTorrent Token and Tezos still rising.
The crypto markets started to retreat after the $ 6 billion pump that they bought yesterday. Sunday's action was a little slower, with total market capitalization reduced to less than $ 140 billion and liquidation begins as day traders take profits.
Bitcoin could not hold yesterday's high of $ 4,080 and fell slightly. BTC remains above $ 4,000, but this area of heavy resistance has proved very difficult to overcome. At the time of writing, BTC is trading at $ 4,020 and the volume has dropped below $ 10 billion, indicating that the rally is running out of steam.
Ethereum also fell below $ 140 after peaking at $ 145 yesterday in three weeks. The 3.4% drop could accelerate losses in the low dollar zone ($ 130) where the ETH was traded for most of last week. XRP also declined, but less severely than Ethereum, reducing the market capitalization gap.
The top ten is pretty much all red during the Asian trading session of the day. That's all but the Binance Coin, which is behaving like a stable currency again as traders drop their altcoins and convert them back to BNB or USDT. BNB has currently weathered the trend and achieved a 4.5% return today to reach $ 15.80 after a poor performance yesterday. Bitcoin Cash is the most down after its huge pump yesterday while BCH drops 5% to $ 150. The rest drops by a few percent as the market corrects.
The top 20 also shows losses in all areas right now with Bitcoin SV, the biggest loser with 5% loss. The others are cooling down and losing one or two percent.
FOMO: Highlights of BitTorrent Chip Testing
There is no big pump at the moment, but the only two-digit rising altcoin is the BTT, which climbed 12% that day. The pump, which started a few hours ago, has boosted sales volume by five, from $ 12 million to $ 64 million, most of which was traded on Binance. The Advance Access program has just been launched and other aircraft releases are underway, which could provide an impetus;
The advance access program is live! A random selection of our mailing list will receive an invitation to see the first version of BitTorrent Speed. Sign up with our email so that you can be eligible for our next early access test. $ BTT #BTT https://t.co/6khNwfxYhR pic.twitter.com/oYQvky7TM8
– BitTorrent Inc. (@BitTorrent) March 16, 2019
Tezos is also one of the top hundred performers at the time of writing. XTZ pumped over 8% after the rally yesterday and maintained the bulk of its gains. The decision took Tezos to a two-month high of $ 0.50, the token has since retreated slightly but still remains at the highest this year. ABBC Coin also has another pump today with a similar movement of 7%.
Mbadive profit taking continues with Crypto.com's CRO token, which now accounts for 25% of losses. After a pump at 500% in less than a week, the inevitable has already begun and the discharge begins, where it will stop, remains to be seen. Aurora also suffers today with more than 8% of losses.
Total market capitalization over 24 hours. Coinmarketcap.com
The total market capitalization of cryptography has been reduced to less than $ 140 billion, losing a few percent since Saturday's rally. The volume returned to $ 30 million and the markets could suffer further losses if day traders continued to sell their altcoins.
Market Wrap is a section that examines daily the main crypto-currencies during the current trading session and badyzes the best performing, looking for trends and possible fundamentals.
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