Bloody Wednesday sees $10 billion erased, altcoins crash, BTC down 3%

24 Apr, 2019 | Updated: 24 Apr, 2019
by Joeri Cant
Price Action
Bloody Wednesday sees $10 billion erased, altcoins crash, BTC down 3%

Bitcoin's increasing dominance might be taking its toll on the altcoins, which continue to bleed substantially all over the board, including the recently strong performing altcoin, BNB.

The total market cap is taking a painful hit with more than $10 billion being wiped from the market on the day, with BTC Dominance currently standing at 54.8%.

Although Bitcoin is down slightly, BTC has taken back control, while altcoins are bleeding out.

The world's number one cryptocurrency increased its price by 50% since the beginning of 2019 and is currently trading at $5,445.70, down by 3% on the day.

Bitcoin’s total market capitalization stands at a little below $96.5 billion and accounts for 54.8% of the total market.

Chart provided by Tradingview.

The entire Top 20 cryptocurrencies are showing red candles sticks, with the exception of Basic Attention Token, which is showing an impressive 7.51% gain amongst a sea of bleeding altcoins and is currently sitting at number 20 with a market cap of $546,487,889.

The biggest loser in the Top 20 is Tezos, which shows a decline of almost 15% on the day, closely followed by EOS which sees an 11% decline, and is currently trading at a $4.71 price mark.

The biggest gainer in the top 100 on the day is ODEM, with 13.16% gains.

In the top 100, we see Elastos and IOST taking the lead in worst performing altcoins of the day, with both showing losses of around 15%.

Even BNB, who recently performed very strongly by recording its all-time high just a few days ago, is also declining. Binance Coin is currently trading at around $22.06 on the day, which is almost 5% less in the past 24 hours.

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