Market still showing red, Bitcoin struggling to hold $5,000

12 Apr, 2019
by David Borman
Price Action
Market still showing red, Bitcoin struggling to hold $5,000

It has been a rough 24 hours or so for the crypto market, with most coins seeing significant dips since their recent highs. Currently Bitccoin itself is testing down to the $5,000 level, and though it is holding, it is unclear what the coming hours will bring.

Coin Market Capitalization/Bitcoin Dominance

As of right now the market is sitting at $170,905,910,842, down from recent highs of over $182 billion. As previously reported, Bitcoin dominance is back up to 52%.

Current price of Bitcoin: $5,016.66

Top 10

Currently, all top 10 coins are deeply in the red, with hardest hit being Bitcoin Cash (BCH), down -11.50% to $267.50. Also deeply affected was Litecoin (LTC), dropping -10.91% to $78.19.

Biggest Winners/Losers

Moving to the top 100, there were a few coins bucking the trend. Lambda (LAMB) managed to rise 19.96% to $0.142, and Crypto.com Chain (CRO) was up 16.23% to $0.096. Worst hit across the market was Huobi Token (HT), dropping -14.85% to $2.22, followed by Revain, with a -14.39% loss ending at $0.131.

It's looking like the market is correcting, but it the worst behind us or are we going to lose a lot of the previous gains? Stick right here with Chepicap for any updates!

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Read more about: Bitcoin (BTC)

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