Market turns red today as Bitcoin touches back below $11,000

05 Jul, 2019
by David Borman
Price Action
Market turns red today as Bitcoin touches back below $11,000

Today saw the market take a bit of a tumble, with Bitcoin at one point testing below the $11,000 line. Though it is back above for now, many Alts also saw some notable losses.

Coin Market Capitalization/Bitcoin Dominance

The market cap is as of now at $319,582,550,396, down from an earlier high of around $336 billion. Bitcoin dominance is still strong at 62.6%.

Current price of Bitcoin: $11,206.55.

BTC/USD Chart provided by Tradingview

Top 10

Virtually all top 10 coins are in the red right now. The one coin that still has a hint of green is Binance Coin (BNB) holding onto 0.54% gains and now at $32.92. Hardest hit right now, besides Bitcoin itself, is Ethereum (ETH), now down -5.44% to $285.21. Not far behind is EOS, with a -4.88% slip to $5.75.

Biggest Winners/Losers

Looking outside of the top 10, there were some winners today, even after losses. NEXT (NET) was one such winner, with a 18.13% rise up to $1.38, as well as Komodo (KMD) rising 8.31% to $1.45. As for the red side, Metaverse ETP (ETP) dropped -18.18% to $1.62, and MaidSafeCoin (MAID) is now down -14.62% to $0.214.

There is some evidence that the dip is hitting resistance, so we may be able to take back some of these losses. Alternatively, this could just be a brief respite before more downside. Either way, stick with Chepicap for all updates!

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