Red across the whole market as crypto takes another downturn

01 Feb, 2019
by David Borman
Price Action
Red across the whole market as crypto takes another downturn

Today was another "bloody" day in the crypto markets. Though a few coins stand out, almost every coin is showing downside over the last 24 hours, with some in double digit percent losses.

Coin Market Capitalization/Bitcoin Dominance

Currently the market cap stands at $113,090,169,476, down from about $116 billion earlier today. Bitcoin dominance is about the same still at 53.6%.

Current price of Bitcoin: $3,456.38.

Top 10

All top 10 coins saw downside action today, but by far hardest hit was Tron (TRX), slipping -10.05% to $0.0244. Not too far behind, however, we have XRP dropping  -7.31%, giving back some of the gains gotten off of yesterday's announcement about the SWIFT partnership with R3.

Biggest Winners/Losers

Moving beyond the top 10, we see only some modest gains. Bytom (BTM) jumped a mere 2.76%, up to $0.0777, and Augur (REP) saw some upside with 2.46% gains to $12.36. The biggest loss today was NEM (XEM), as reported earlier by Chepicap, now down -15.08% to $0.0401, and Pundi X (NPXS) wasn't far behind dropping -14.66% to $0.00055.

Hopefully this selloff will be short lived, as most investors can't handle much more. Will the prices retest the recent lows and even find new ones? Stick with Chepicap for all your price action news!

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