XLM and BCH down over 15% as market loses $25 billion

17 May, 2019
by David Robb
Price Action
XLM and BCH down over 15% as market loses $25 billion

The crypto market is still seeing a major retracement, in the wake of Bitcoin's loss of around $1000. Almost every major crypto has decreased in value, although some show signs of a potential recovery.

Total market cap / BTC dominance:

After losing around $25 billion in the past 24 hours, the total crypto market cap is down to $226 billion. BTC dominance is currently at 56.3 percent.

Bitcoin (BTC)

BTCUSD chart provided by TradingView

Bitcoin (BTC) is currently down around 10 percent on average across exchanges, although there are significant variations in price. Bitstamp, where around 5000 BTC was dumped earlier to accelerate the price crash, is currently trading BTC at just over $7140. The price is similar with Coinbase and Bittrex. On Bitfinex and Binance, the BTC price is still above $7240.

Top 10

Out of the top 10 cryptos, Stellar (XLM) and Bitcoin Cash (BCH) have decreased in price the most over the past 24 hours, with each down over 15 percent

Bytecoin (BCN) / Lisk (LSK) / Decred (DCR)

BCNUSD chart provided by TradingView

Some of the biggest altcoin losses are from cryptos that are due to be delisted from Poloniex. The exchange will no longer be supporting a number of tokens due to fears about their regulatory status, and this negative fundamental is compounding their technical retracement. BCN is down almost 20 percent, with LSK and DCR losing over 15 percent.

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