Market sees a slight dip today, Bitcoin drops to $7800

22 May, 2019 | Updated: 23 May, 2019
by David Borman
Price Action
Market sees a slight dip today, Bitcoin drops to $7800

Today has seen a bit of a consolidation across most of the market, though only to the tune of about $8 billion as of this writing. Bitcoin is currently struggling to remain above the $7,800 level, after dipping as low as $7700.

Coin Market Capitalization/Bitcoin Dominance

As of right now the market cap is sitting at $245,080,281,962, down from about $252 earlier today. Bitcoin's dominance is still holding solid, now at 56.9%.

Current price of Bitcoin: $7,817.66

BTC/USD Chart provided by Tradingview

Top 10

Looking at the biggest players, we can see that across the board we have small to significant losses for the past 24 hours. Hardest hit right now is Cardano (ADA), with a -7.33% slip to $0.079, and not too far behind is Stellar (XLM) dropping -5.92% to $0.126.

Biggest Winners/Losers

Looking outside of the top 10, it looks like Chainlink (LINK) has risen up an impressive 15.62%, to $1.37. Not too far behind we see DigiByte (DGB) with a 12.42% gain to land at $0.0146. Hardest hit right now are Insight Chain (INB) with a -14.24% drop to $0.311, as well as NEXT (NET) down now -12.95% to $1.09.

It is too early to say if this dip will continue or if it is just a healthy part of the consolidation pattern forming in recent days. As ever, stick right here with Chepicap for any and all updates!

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