Consolidation carries on, most coins slipping into red, Bitcoin holds above $3600

19 Jan, 2019
by David Borman
Price Action
Consolidation carries on, most coins slipping into red, Bitcoin holds above $3600

Today saw most cryptocurrencies take a slight dip down, though not far enough to break out of the consolidation pattern that has been forming since earlier this month. Bitcoin tested near the $3600 level but so far has been able to hold above it.

Coin Market Capitalization/Bitcoin Dominance

As of now the market cap is at $121,837,835,145, which is only about a billion dollars lower than 24 hours ago, which for crypto is almost nothing. Bitcoin dominance continues about the same as well at 52.5%.

Current price of Bitcoin: $3,660.61.

Top 10

Out of the top 10 coins, all saw red side action today, though the hardest hit award goes to TRON (TRX), down -3.55% to $0.024. After that Bitcoin SV took a decent hit with -1.79% losses to $76.06.


Biggest Winners/Losers

Moving past the top 10, TenX (PAY) is by far the biggest winner, showing an impressive 25.81% jump to $0.301. A little farther behind we see Steem rising 13.99% to come in at $0.378.

Overall, not a very bad day for the market, but not a great one either. Realistically this consolidation channel could mean we're building a strong base, which could protect against further downside and provide the support we need to push back to old highs. Will we get there soon? Stick with Chepicap for all updates!

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage