Bloody Monday sees market slip back into the red, BTC under $3,800

04 Mar, 2019 | Updated: 04 Mar, 2019
by Ryan Boltman
News
Bloody Monday sees market slip back into the red, BTC under $3,800

Bloody Monday appears to be living up to its name as the market slumped back into the red following a solid two week of green. Bitcoin dropped below $3,700 with most of the top 10 also seeing declines. 

Bitcoin saw a small 1.98% decline in price, dropping to $3,788 on Monday morning. Stellar (XLM) was the only top 10 coin to not see a decline in price. 

EOS and Bitcoin Cash saw 5% drops in price, with the rest of the top 10 floating between 2.5% and 4.11% drops in price. The market saw a slight decline in total market capitalization, which dropped back below $130 billion mark for the first time in two weeks. 

Image from Gyazo

The market correction did not appear to affect Raven Coin (RVN) which saw the biggest climb in the top 100 coins. 

RVN saw a massive 30.48% increase over the past 24 hours, making it the biggest gainer on Monday. 

Image from Gyazo

On the other end of the spectrum, Theta, Komodo, an Aelf all saw over 10% declines in price, with Theta performing the worst with a 14.35% decline in price. 

Image from Gyazo

Bitcoin shorts look to be heading for new yearly lows, signaling a possible end to the downtrend as the pullback looks to be heading for the oversold region. 

Could bitcoin see another major push upwards later this week? 

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