Much of market is steady, BTT losing momentum?

05 Feb, 2019
by David Borman
Price Action
Much of market is steady, BTT losing momentum?

The market has, on average, been pretty stable today. However, there have been some notable exceptions. After performing quite well for several days, BTT is starting to show signs of slowing down. Meanwhile Binance Coin (BNB) is eyeing Bitcoin SV for the 10th spot by market cap.

Coin Market Capitalization/Bitcoin Dominance

Currently the total cryptocurrency market cap is at $113,711,844,765, which is close to where it has been for a couple days now. Bitcoin dominance is also rather stable at 53.5%.

Current price of Bitcoin: $3,469.36.

Top 10

Looking at the top 10 coins, most are actually slightly red today, with hardest hit being Bitcoin SV (BSV) dropping -3.23% to $61.02. In #11 we see Binance Coin (BNB) getting close to BSV with a market cap just about $52 million away, itself rising 11.42% to $7.92.

Biggest Winners/Losers

Expanding out, we can see that impressive gains were made by Aurora (AOA) in the last 24 hours, coming up 25.27% to $0.0085. In second place we have Pundi X (NPXS) with 13.25% to $0.00068. Downside action isn't too bad with most losses coming from Steem and NEM (XEM), down -5.41% and -5.12% to $0.273 and $0.036, respectively.

Of course, we have to mention one of the hotter coins of the week, BitTorrent Token, which has been performing admirably. However it seems momentum may be breaking, as in the last 12 hours the coin has only seen downside price action, though it is still up about 6.58% for 24 hours. BTT is currently listed at $0.000948 and is number 1,754 overall on coinmarketcap.com.

As the market continues to go sideways it is important to remember to be patient and focus on where the money is moving. Stick with Chepicap for all price action updates!

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