Market meandering sideways, Bitcoin struggling to hold $3400

08 Feb, 2019 | Updated: 08 Feb, 2019
by David Borman
Price Action
Market meandering sideways, Bitcoin struggling to hold $3400

The market today continued its uninspired limp near the recent lows, however a few coins rose above the average and saw some nice green action today, and even the red coins didn't slide too far down.

Coin Market Capitalization/Bitcoin Dominance

Currently the crypto market cap is sitting at $111,498,800,375, which is down just over $1 billion from earlier today. As has been common lately, Bitcoin dominance is strong at 53.4%.

Current price of Bitcoin: $3,400.22.

Top 10

Most notable action today has been Binance Coin (BNB) battling Bitcoin SV (BSV) for the number 10 spot, however their market caps are very close (1,099,216,078 BNB and $1,090,574,146 BSV) and a bit of back and forth may be expected for a bit until one pulls away. BNB is currently down -4.91% to $7.79 and BSV has dropped -1.33% to $61.93. All other top 10 coins are within 1% red or green.

Biggest Winners/Losers

Moving into the top 100, the best performer today was Polymath (POLY) rising an impressive 10.80% to $0.091, and followed by NEM (XEM) up 5.91% to $0.037. As for losses, Holo (HOT) was down -6.24% to $0.00106 and REPO slid -5.52% to $0.471.

Heading to the weekend it seems that the market has very little momentum, but at the same time we aren't, on average, seeing further losses. Will things turn around soon? Stick with Chepicap for all price action updates!

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