Market stabilizes after yesterday's drop, many coins beginning to show green

11 Jan, 2019 | Updated: 11 Jan, 2019
by David Borman
Price Action
Market stabilizes after yesterday's drop, many coins beginning to show green

Despite the sudden and inexplicable drop in the cryptocurrrency market yesterdy, today most coins seem to have leveled off, and many are even showing some modest growth again. With any luck this will continue into the weekend, setting us up for a strong coming week.

Coin Market Capitalization/Bitcoin Dominance

Currently the total market capitalization is $123,565,129,244, having risen a humble $1.5 billion since yesterday. Bitcoin has leveled out averaging $3,705.31 at this time, with Bitcoin dominance still strong at 52.4%.

Top 10

Of the top 10 coins, most were still in the red or hovering around neutral, though XRP has shown 1.13% growth to get to $0.335. As for downside, TRON slipped -2.84% to $0.025, and Bitcoin Cash (BCH) was also down -2.27% and is now at $132.16.

Biggest Winners/Losers

One coin is definitely outperforming the market right now, and that is Chainlink (LINK), jumping up 24.19% to $0.44. Honorable mentions go to IOST and Revain (R) as well, up 12.82% to $0.006 and 10.04% to $0.212 respectively.

It's too early to say this is a proper recovery from the events of yesterday, but it is at least optimistic to see levels holding here, with a hint to the upside. Will we see another dip this weekend or can we start climbing back up? Stick with Chepicap for all updates!

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