Market takes another downturn, shaving off $4 billion in an hour

27 Dec, 2018
by David Borman
Price Action
Market takes another downturn, shaving off $4 billion in an hour

After a generally lackluster holiday, the crypto markets saw another sizable dip today, one that is still ongoing at the time of this writing. So far markets have lost about $4 billion in just a couple hours, and it looks like we may test lower.

Coin Market Capitalization/Bitcoin Dominance

As of this writing market cap is at about $121,539,278,658 and dropping, so far down over $4 billion in just hours and almost $10 billion for the day. Bitcoin dominance is roughly steady at 52.6%.

Current price of Bitcoin: $3,671.54.

Top 10

All top 10 coins are sliding into the red to varying degrees. So far the hardest hit is again Bitcoin Cash (BCH) down -11.29% to $152.95. Not too far behind Ethereum saw losses of -8.44% taking it to $119.03.

Biggest Winners/Losers

In the top 100 only a very few coins are currently up, and most of those are actually stablecoins. As earlier reported by Chepicap, Eternal Token (XET) is still ahead of the market, but it has gone from being up 140% to only 28.34% as of now, and is at a price of $0.662. The closest coin after that is MobileGo (MGO) up 8.02% to $0.40.

Hopefully this dip doesn't last too long and we can get back on track soon, but so far this winter hasn't been doing the market any favors, so we'll see.

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