Market sees red as all major coins drop, BTC holding tight onto $6,300

30 Oct, 2018
Market sees red as all major coins drop, BTC holding tight onto $6,300

Tuesday sees a flood of red with 9 of the top 100 (excluding stable coins) seeing red. Total Market cap continued to slide as BTC struggled to hold support at $6,300 

Market Cap/ BTC Dominance

Bitcoin dominance remains steady at 54.1% with total market cap continuing to slide as it reached $203 billion, Dropping $6 billion over the last 24 hours. Trading volume appears to have picked up over the last 24 hours. 

Bitcoin: $6,331 (-2.18%/24hr) 

Bitcoin dropped to $6,265 on Bitmex as it struggled to hold suport above $6,300. All eyes will be on whether BTC can hold $6,200 next or test resistance at $6,400 again. 

Top 10 

The top 10 saw Litecoin and EOS dropping 4.92% and 4.91% repectively as the biggest drops in the top 10, Ethereum saw a 3.70% slump to $196.96. Even USDT saw red with a measly 0.14% price movement, currently sitting at $0.99, the stable coin has recovered significantly since the FUD from last week. 

Top 100 Biggest winner: Waltonchain ($WTC)  +5.79%/24hr

Not much to write home about as $WTC sees the biggest gain in the top 100 with 5.79% increase in price. Currently ranked #54 on coinmarketcap, $WTC is $3.39 each. 

Top 100 Biggest Loser: Revain ($R)  -12.00%/24hr

 #88 Revain sees the biggest and only double figure drop in the top 100 with a 12% decline in price. one Revain is now equal to $0.21. The drop in price can most probably be attributed to a solid month of gains which saw the project climb 110% before the retrace began. 

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