Crypto market tanks as market cap continues to push new yearly lows with Bitcoin

20 Nov, 2018
News
Crypto market tanks as market cap continues to push new yearly lows with Bitcoin

The past twenty four hours has been anything but pleasant for crypto hodlers as the BTC price continued to slide while the total market cap continues to push new yearly lows in what is becoming a very long and cold crypto winter.

BTC was holding mid $5,000 range yesterday before eventually breaking that resistance and now holds support at nearly $1,000 below its previous support. The current price is ranging around $4,650 which has seen Bitcoin's market cap drop by $17 billion. 

Image from Gyazo

Total market cap has seen roughly $26 billion wiped from the markets over the past 24 hours. 

Image from Gyazo

While Bitcoin continues to slide, the rest of the market was doing the exact same thing, with all non-stable coins in the top 100 seeing red. 

Since yesterday, $TRON, $DASH and $IOTA have all dropped below the unicorn market cap of $1 billion. Leaving just 10 projects with over $1 billion market cap currently. $BCH has dropped to fifth place, losing out to $XLM as the coin continues to lose ground after the hard fork. 

Image from Gyazo

Some crypto twitter personalities weighed in with their thoughts: 

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Read more about: Bitcoin (BTC)

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