Market shows decent rebound after dip, Bitcoin trying to hold $8,000

21 May, 2019
by David Borman
Price Action
Market shows decent rebound after dip, Bitcoin trying to hold $8,000

Earlier today we saw the crypto market take a bit of a dip, bringing the price of Bitcoin down to under $7,600 at one point. However it seems we have had a rebound, with Bitcoin currently fighting to stay back above $8K.

Coin Market Capitalization/Bitcoin Dominance

As of now the market cap is at $248,410,149,594, up about $10 billion from earlier today. Bitcoin dominance is remaining strong at 56.9%.

Current price of Bitcoin: $7,993.33.

BTC/USD Chart provided by Tradingview

Top 10

Most top 10 coins were still in the red for the last 24 hours, though Binance Coin (BNB) did manage to rise a modest 0.44% to $29.17, and Bitcoin Cash (BCH) managed to get up 0.26% to $415.11. As for losses, hardest hit was Ripple (XRP), dropping -2.69% to $0.397, and Litecoin (LTC) down -2.20% to $91.73.

Biggest Winners/Losers

Moving beyond the top 100, by far the biggest earner today was Matic Network (MATIC) with an impressive 50.70% rise, fueled by rumors of a Coinbase listing, now at $0.0309. In second we had Japan Content Token (JCT), with a 26.45% surge to $0.203. As for losses, Tezos (XTZ) saw a -8.42% downturn and ended up at $1.64, and Augur (REP) slid -7.38% to $20.81.

Overall it has been looking like a decent rebound, but it has not been enough of a rally for most coins to break previous resistance. Will we see more upside in the next day? Stick with Chepicap for all updates!

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