Market sees mild losses as Bitcoin dips to $7,700

20 May, 2019
by Richard Allen
Price Action
Market sees mild losses as Bitcoin dips to $7,700

As we approach D-Day for the SEC’s decision regarding the VanEck ETF proposal, Bitcoin and the rest of the market has taken a turn for the worse, seeing mild to medium losses throughout the top 100.

At the time of writing, Bitcoin has slipped 2.60% to $7,719.08. Ethereum and XRP are both down over 3%, trading at $243.94 and $0.386 respectively. Cardano is the top 10’s biggest loser, dropping 4.56% to $0.080. Stellar, Litecoin and Bitcoin Cash are all following closely with losses of over 4%.  

One of only a handful of projects in the green, Dash stands out with gains of 6.28%, trading at $161.18. Unfortunately, the rest of the top 20 aren’t as fortunate. Cosmos is leading the losses with 8.26% down to $4.60. Tezos, Ehtereum Classic and NEM have all lost over 5% of their value, now trading at $1.64, $7.22 and $0.008, respectively.

Branching out to the rest of the top 100, Decentraland is showing the greatest loss of 7.77% while Decred comes in at a close second with 7.23%, now worth $28.43.

Japan Content Token surged its way into the top 100 earlier this month after a colossal overnight growth of 1,084%. While it’s not performing quite that well, it is the top 100’s best overall performer, with 18.87% up over the last 24 hours, bringing JCT to $0.191.

Total market cap is now sitting at $240.4 billion, with BTC’s dominance steady at 56.9%.

BTC/USD chart provided by Tradingview

Several traders and analysts have taken to Twitter to share their thoughts:

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

Poll

What is next for Bitcoin?

(214 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage