Half of the Crypto Market dried out in less than a month
Crypto markets lick wounds from a new annual low; Winnings are marginal as all the alcoins are still on the floor.
A few hours ago, the cry markets went down to their lowest levels since early August 2017. The market value dropped sharply to $ 100 billion and hit a new 2018 low again. Things are jumping off the bottom at the moment, but the view is grim.
After mid-week crashes were below $ 4,000, Bitcoin went to a new yearly low of $ 3,280 a few hours ago before a small recovery was made. The BTC market value fell to under $ 60 billion, a 16 month low as all other crypto curves were drawn into the digital abyss. At the time of writing, BTC had recovered to $ 3,470.
Ethereum dropped to just over $ 80, prices not seen since April 201[ads1]7, before recovering back over $ 90 again. Today, the big cryptos are bouncing off a new bottom.
Top ten are the most green at the time of writing, but after two days of big losses, these gains are insignificant. As a testament to the tough condition of the crypto land Tether, with a static market coverage, climbing the charts and currently in fifth spot at the time of writing. Bitcoin Cash and Bitcoin SV hold swaps and EOS and Cardano slip away when their market cover breaks.
Most of the alcoins in the top twenty years jump back from the annual downturns they hit during yesterday's central trading. Easy, Etherem Classic and Tezos seem to be better, while Binance Coin and Dogecoin do not move.
Fomo-powered pumps are quite irrelevant at this stage of the game, but upside down, Factom, Revain and Aeternity in tomorrow's Asian trade are increasing. It will be DEX, with Bitcoin SV also in pain today.
Total crypto market value dumped to a new 2018 low at just over $ 103 billion before it ran a bit bottom of the bottom. At the time of writing, the markets had made it back over $ 110 billion, which is still the lowest place they have been throughout the year.
In less than a month, half of the crypto market has been omitted as it dropped from over $ 200 billion this month last month to just over $ 100 billion today.
FOMO Moments is a part that takes a daily look at the 20 best total coins in today's trading session and analyzes the most effective, looking for trends and possible basics.
