{"id":378135,"date":"2019-04-12T07:00:57","date_gmt":"2019-04-12T07:00:57","guid":{"rendered":"https:\/\/ktsl888.com\/?p=378135"},"modified":"2019-04-12T05:45:41","modified_gmt":"2019-04-12T05:45:41","slug":"crypto-market-wrap-16-billion-selloff-begins-where-will-it-end","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/","title":{"rendered":"Crypto Market Wrap: $16 Billion Selloff Begins, Where Will it End?"},"content":{"rendered":"<h5>Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo.<\/h5>\n<h2><a href=\"https:\/\/ktsl888.com\/category\/fomo-moments\/\" data-wpel-link=\"internal\">Market Wrap<\/a><\/h2>\n<p>As expected crypto markets are finally dumping as we end the week. Over $16 billion has been lost as markets fall from their 2019 high back to $170 billion or so. Bitcoin initiated the dump but so far has remained above key support levels. It is the altcoins that are bleeding today.<\/p>\n<p>Bitcoin fell below $5,000 for the first time in a week and settled at $4,950 before recovering slightly. The failure to break resistance at $5,400 has sent BTC back down as it drops around 4% on the day. Many had predicted this pullback and foretell further losses back to major support at $4,600 where the 200 day moving average is.<\/p>\n<p>Ethereum has fallen harder as expected with a drop of 5% back below $165 again. There was no push to $200 for ETH which is still rising and falling along with its big brother. The gap between it and <a href=\"https:\/\/ktsl888.com\/2019\/04\/12\/ripple-xrp-price-sell\/\">XRP<\/a> in third is now much larger though at almost $4 billion market cap.<\/p>\n<p>The top ten is a sea of red during today\u2019s Asian trading session. The altcoins are getting hammered, some by double digits. Litecoin is losing 9% today as it falls back to $77, <a href=\"https:\/\/ktsl888.com\/2019\/04\/10\/crypto-market-wrap-eos-leading-altcoin-resurgence-about-to-flip-bch\/\">EOS and Bitcoin Cash<\/a> are not doing a great deal better with 24 hours loses of 6 \u2013 7 percent. Stellar and Cardano have both dumped 5% as Tether moves back up the chart.<\/p>\n<p>The top twenty is awash with equal pain as Bitcoin SV, Ontology and Maker dump ten percent a piece. Close behind is Tron, NEO and Ethereum Classic with losses of over 6% on the day.<\/p>\n<h2>FOMO: Crypto.com Crushing It<\/h2>\n<p>Despite the massive market correction Crypto.com\u2019s Chain is flying today with a 25% fomo pump to $0.093 (1860 satoshis). There does not appear to be much driving the fomo, the only recent news is that the company donated $500k to Binance charity. South Korean markets are dominating trade in CRO with Upbit taking 40% of the total volume.<\/p>\n<p>TrueChain is also getting fomo today with a 20% pump and Lambda is the third altcoin in double digits at 17%. KuCoin Shares are still getting dumped with a further 11% lost today. ABBC Coin and Revain, the usual suspects, are also dumping 10% each following recent pumps.<\/p>\n<figure id=\"attachment_378139\" aria-describedby=\"caption-attachment-378139\" style=\"width: 1132px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/04\/totalcap1204.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-378139\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/04\/totalcap1204.jpg?resize=1132%2C398\" alt=\"\" width=\"1132\" height=\"398\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/04\/totalcap1204.jpg?w=1132 1132w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/04\/totalcap1204.jpg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/04\/totalcap1204.jpg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/04\/totalcap1204.jpg?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/04\/totalcap1204.jpg?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-378139\" class=\"wp-caption-text\">Total market capitalization 24 hours. Coinmarketcap.com<\/figcaption><\/figure>\n<p>Total crypto market capitalization has lost 5.5% in 24 hours falling from around $180 to just below $170 billion. Markets reached a new 2019 high on Thursday with a brief surge to $186 billion but since then $16 billion has been wiped out. This could be a short term pullback or the beginning of a final capitulation that so many analysts have been talking about.<\/p>\n<p><em>Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo. Market Wrap As expected crypto markets are finally dumping as we end the week. Over $16 billion has been lost as markets fall from their 2019 high back to $170 billion or so. Bitcoin initiated the dump but so far has remained above key support levels. It is the altcoins that are bleeding today. Bitcoin fell below $5,000 for the first time in a week and settled at $4,950 before recovering slightly. The failure to break resistance at $5,400 has sent BTC back down as it drops around 4% on the day. Many had predicted this pullback and foretell further losses back to major support at $4,600 where the 200 day moving average is. Ethereum has fallen harder as expected with a drop of 5% back below $165 again. There was no push to $200 for ETH which is still rising and falling along with its big brother. The gap between it and XRP in third is now much larger though at almost $4 billion market cap. The top ten is a sea of red during today\u2019s Asian trading session. The altcoins are getting hammered, some by double digits. Litecoin is losing 9% today as it falls back to $77, EOS and Bitcoin Cash are not doing a great deal better with 24 hours loses of 6 \u2013 7 percent. Stellar and Cardano have both dumped 5% as Tether moves back up the chart. The top twenty is awash with equal pain as Bitcoin SV, Ontology and Maker dump ten percent a piece. Close behind is Tron, NEO and Ethereum Classic with losses of over 6% on the day. FOMO: Crypto.com Crushing It Despite the massive market correction Crypto.com\u2019s Chain is flying today with a 25% fomo pump to $0.093 (1860 satoshis). There does not appear to be much driving the fomo, the only recent news is that the company donated $500k to Binance charity. South Korean markets are dominating trade in CRO with Upbit taking 40% of the total volume. TrueChain is also getting fomo today with a 20% pump and Lambda is the third altcoin in double digits at 17%. KuCoin Shares are still getting dumped with a further 11% lost today. ABBC Coin and Revain, the usual suspects, are also dumping 10% each following recent pumps. Total crypto market capitalization has lost 5.5% in 24 hours falling from around $180 to just below $170 billion. Markets reached a new 2019 high on Thursday with a brief surge to $186 billion but since then $16 billion has been wiped out. This could be a short term pullback or the beginning of a final capitulation that so many analysts have been talking about. Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.<\/p>\n","protected":false},"author":386,"featured_media":338320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,12383],"tags":[1501,15431,10598,10,17181,16042],"class_list":["post-378135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-market-wrap","tag-correction","tag-crypto-com","tag-eos","tag-litecoin","tag-market-wrap","tag-pullback"],"acf":[],"yoast_head":"\n<title>Crypto Market Wrap: $16 Billion Selloff Begins, Where Will it End?<\/title>\n<meta name=\"description\" content=\"Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo. Market Wrap As expected crypto markets are Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Market Wrap: $16 Billion Selloff Begins, Where Will it End?\" \/>\n<meta property=\"og:description\" content=\"Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo. Market Wrap As expected crypto markets are Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-12T07:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-12T05:45:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/06\/marketbleeds.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Martin Young\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Crypt0nuts\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Martin Young\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/\"},\"author\":{\"name\":\"Martin Young\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/7afb3a40e2803b100688938c074fd854\"},\"headline\":\"Crypto Market Wrap: $16 Billion Selloff Begins, Where Will it End?\",\"datePublished\":\"2019-04-12T07:00:57+00:00\",\"dateModified\":\"2019-04-12T05:45:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/\"},\"wordCount\":482,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/06\/marketbleeds.jpg?fit=1200%2C800\",\"keywords\":[\"correction\",\"crypto.com\",\"eos\",\"Litecoin\",\"market wrap\",\"pullback\"],\"articleSection\":[\"Cryptocurrency Market News\",\"Market Wrap\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/\",\"url\":\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/\",\"name\":\"Crypto Market Wrap: $16 Billion Selloff Begins, Where Will it End?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/06\/marketbleeds.jpg?fit=1200%2C800\",\"datePublished\":\"2019-04-12T07:00:57+00:00\",\"dateModified\":\"2019-04-12T05:45:41+00:00\",\"description\":\"Crypto markets pulling back sharply; Litecoin, EOS, Bitcoin Cash and SV getting smashed, Crypto.com gets fomo. 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