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:

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