Market continues to tank as Bitcoin reaches $7300

03 Aug, 2018
by Ryan Boltman
Market continues to tank as Bitcoin reaches $7300

Market sentiment continues to remain bearish with some of the top 100 projects seeing massive drops within the last 24 hours. 

Market Cap/Dominance

The market cap has seen a continued decline and currently rests at $260 Billion. A total of $40 billion market cap has been lost over the course of one week. Bitcoins drop in price however has not deterred it's dominance which sits at 48.7% 

Bitcoin (BTC) - $7372.50 (-3.92%/24hrs) 

Bitcoin's slump continues as it sees a further drop below $7500 down to $7372 at present. Resistance appears to be breaking slowly and $BTC could be heading for $7,000 by Monday. 

Top 10

Bar Bitcoin and $USDT, the remainder of the top 10 see drops ranging from 0.53% up to 9.39% with $ADA being the worst performer over the last 24 hours.

Biggest Winner: EmerCoin- $2.90 (6.89%/24hrs)

EmerCoin sees the biggest gain within the top 100 coins. Emercoin climbed a marginal 6.89% making it only 1 out of 6 coins in the top 100 to see green this Friday.

Biggest Loser: ICON- $0.924 (-21.88%/24hrs)

Well known project ICON sees a massive 21.88% drop in price over the last day to continue its massive drop in price. Several other top projects see drops of over 20% including $WAVES, $WAN, $PIVX, and $WTC. 

The market looks to be taking a brutal dive with altcoins suffering the most. With no sign of stopping this bear trend it would be ideal to sit back and wait out this crypto Winter. 

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