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Crypto markets are retreating again; Ethereum, Bitcoin Cash and Cardano slip, Tron goes strong.
A predictable pumping and dumping cycle seems to be forming in the consolidation of the cryptography markets. After Monday's pump, Tuesday's garbage dump announces that the total market capitalization has fallen below $ 135 billion and that recent gains are canceled again.
Bitcoin is just under $ 4,000, with a 1.7% drop on the day and a trading volume of less than $ 5 billion. An intra-day high of $ 4,080 was reached before hitting the resistance again and falling back to a level it seems to maintain for the moment. Since last Tuesday, BTC has again increased by 7%.
Ethereum is also falling, although heavier losses of 5% have brought it back below $ 150. The week, the ETH is still up 10%, but the steam seems to collapse and the gap with the XRP in the third is reduced again.
The top ten altcoins are all in red except one. Tron achieved more than 3.5% at the time of writing this article and got a ninth place for Bitcoin SV with a market capitalization of just under $ 1.6 billion. Stellar remained static, which allowed him to take sixth place in Litecoin, which lost 1.5%. The rest is down 2 to 4%, Bitcoin Cash registering the highest dumping at more than 5%.
The top twenty is a deeper shade of red as losses accumulate. After the 51% attack, Ethereum Classic dropped nearly 8% under the $ 5. Cardano and Maker also suffered losses of more than 6% during the Asian trading session of the day. Apart from Monero and Binance Coin, the rest is down 3 to 5% on the day.
The fomo of the day continues to go to REPO, which is the only piece in the top hundred that makes double digits at 15%. Steem also moves with a 6% gain on the day. There are no big rubbish dumps right now, but the worst performing altcoins are Waves, Waltonchain and Aurora, with a drop of more than 8%.
The total market capitalization of cryptography fell by a few percent to $ 134 billion while daily volume fell below $ 15 billion. The $ 7 billion pump yesterday lost about $ 3 billion today. The channel linked to the range is still intact, but the markets have grown 6% over the week. An escape will be delayed and things can stay like that for a while.
FOMO Moments is a section that examines daily the top 20 crypto-currencies of the current session and analyzes the best performing, looking for trends and possible fundamentals.
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