{"id":367794,"date":"2019-01-10T07:30:09","date_gmt":"2019-01-10T07:30:09","guid":{"rendered":"https:\/\/ktsl888.com\/?p=367794"},"modified":"2019-01-10T07:26:45","modified_gmt":"2019-01-10T07:26:45","slug":"crypto-market-wrap-7-billion-dumped-in-under-an-hour","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-market-wrap-7-billion-dumped-in-under-an-hour\/","title":{"rendered":"Crypto Market Wrap: Gone in 60 Minutes, $8 Billion Just Dumped"},"content":{"rendered":"
The cycle continues as yesterday\u2019s pump turns into today\u2019s dump. Crypto markets have again failed to hold any short term gains and are falling back once again. Total market capitalization is back below $130 billion as the cycle rinses and repeats and $8 billion gets wiped out in a mere hour or so.<\/p>\n
Bitcoin bounced off intraday highs of $4,060 twice before beating a retreat. A massive dump has just initiated as one huge red hourly candle knocked BTC back below $3,850 wiping out recent gains and resulting in over 5% declines on the day.<\/p>\n
Ethereum is in more pain shedding 8.5% back to below $140 as it too falls off the cliff and hits a new low for the week. Market cap is back below $15 billion and Ripple\u2019s XRP is snapping at ETH\u2019s heels again. Only losing 3.5% at the time of writing, XRP is just $100 million behind Ethereum, a re-flippening is imminent.<\/p>\n
The top ten has all been smashed in the past hour or two, all aside from Tron which is still up on the day<\/a> by a good 15%. TRX briefly broke the $2 billion barrier before pulling back below it a few hours ago. Bitcoin Cash as usual has been trounced with a 11% slide back below $145, Litecoin and Bitcoin SV are both dropping 8%.<\/p>\n The two altcoins in the top twenty getting hit over 10% right now are Binance Coin and Neo, and Monero and Ethereum Classic are not far behind. Things are that bad in the top twenty that another stablecoin has entered it, USDC is now at 19th<\/sup> spot as Maker and Zcash fall back.<\/p>\n Tron is the top altcoin in the top one hundred right now, in fact it is the only one making double digits as the rest of crypto land dumps again. Yesterday\u2019s two fomo recipients<\/a> are dumping all their gains today, namely Holo and Pundi X, both shedding over 15% on the day.<\/p>\n