Market rises nearly $20 billion today, showing signs of slowdown now

17 Jul, 2019
by David Borman
Price Action
Market rises nearly $20 billion today, showing signs of slowdown now

Today saw a decent rally across the market after yesterdays dip, but as of now there is evidence that even this little bump is now reversing. Bitcoin failed to break above $10,000 again and is now correcting.

Coin Market Capitalization/Bitcoin Dominance

Right now the total market cap is sitting at $265,305,538,075 , up from $248 billion just hours ago. Bitcoin dominance is still going strong, and at this time is at 65.4%.

BTC/USD Chart provided by Tradingview

Current price of Bitcoin: $9,799.96.

Top 10

Looking to the market leaders, we see that Litecoin (LTC) is easily leading the pack with a 13.35% climb to $90.51, and in a notable second place we see EOS rising 7.36% to $3.96. Despite the current dip, no coins were down on the 24 hour timeframe, but hardest hit after Bitcoin was Stellar (XLM) with a still impressive 2.69% jump to $0.081.

Biggest Winners/Losers

Moving outside of the top 10, we find some notable upside performance with Japanese Content Token (JCT) coming up 38.58% to $0.181 and NANO seeing a 22.80% rise to $1.13. There was of course some downside with Metaverse ETP (ETP) down -11.37% to $1.25 and Waves slipping -8.20% to $1.41.

It is hard to say if the market is about to revcoveror dip some more, but hopefully as we go into the end of the week we can see a return to bullish action. Will it play out? Stay right here with Chepicap for all updates!


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