After limited upside, many coins dipping again. Bitcoin fails to hold $8700

29 May, 2019 | Updated: 29 May, 2019
by David Borman
Price Action
After limited upside, many coins dipping again. Bitcoin fails to hold $8700

Today saw a bit of growth returning to the market after a couple of days of consolidation, however as of now that growth seems to be slipping away yet again. Bitcoin has slipped below $8,700, after just in recent hours getting back above it.

Coin Market Capitalization/Bitcoin Dominance

As of this writing, the total market cap is sitting at $274,244,769,053, down about $2.5 billion in the last couple of hours but still up about $9 billion for the day. Bitcoin dominance is also showing some signs of slipping, now down to 55.9%.

Current price of Bitcoin: $8,673.23.

BTC/USD Chart provided by Tradingview

Top 10

Fortunately, most top 10 coins are still holding on to 24 hour gains, more or less. The only coins currently down (besides BTC) in the top 10 are Ethereum (ETH) slipping just -0.52% to $270.67, and Stellar (XLM) with a slight -0.17% dip to $0.137. As for upside, Bitcoin Cash (BCH) saw a decent rise of 3.89% to $454.14. As previously reported, BitcoinSV (BSV) saw significant upside today, but it is largely believed to be based around a pump involving false information, and most likely is not at all organic.

Biggest Winners/Losers

Moving into the top 100, we see impressive gains from Metaverse ETP (ETP) rising 15.16% to $1.31, and THETA with a 14.47% upswing to $0.152. Not all has been green though, and there has been some notable downside from Aurora (AOA), now down -13.47% to $0.0335, as well as Mixin (XIN) slipping -9.84% to $244.73.

While there does seem to be some consolidation occuring, it is plausible we will move sideways for at least a little longer, barring some major news. Will we see a move in the next few days? Stick with Chepicap for all updates!

Litecoin halving & Bitcoin halving: $LTC to smash ATH! Subscribe to the Chepicap YouTube Channel for more videos!

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage