The formation of support? The crypto market records $ 500 billion.[↻50%]
While bitcoin is above the $11,000 mark, consolidated market capitalization fluctuates at the $500bn mark, forming support for the next step.
According to CoinMarketCap, the total cost of all cryptocurrencies is about 480 billion dollars.
Over the past 24 hours, the total cost decreased by $ 32 billion, as the first 10 cryptocurrencies on market capitalization bear minor losses.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, suffered a drop of more than $1'000 per night on February 21. Prices have reached a low of $10'948 in the hours of the Asian trading session today, and at the time of writing, bitcoin is trading at $10970, showing a 4.5% loss over the past 24 hours.
However, #bitcoin ranks second in the list of losses over the past 24 hours among the top 10 in terms of market capitalization.
Litecoin (LTC) today bears the greatest losses, showing a decrease of 8.96% in the last 24 hours - the decline may be due to profit taking, given that the cryptocurrency increased by more than 100% from the low of February 6 at $106.94.
Investors actively invested in LTC last week, hoping for easy money because of the network's hard fork. However, after the fork LTC has remained stable and continues to flirt with the level of 23.6% Fibonacci at $222 (prices for GDAX). At the time of writing, # cryptocurrency is trading at $222.38, according to CoinMarketCap.
Meanwhile, #Bitcoin Cash (BCH) decreased by 8.69 percent. Its exchange rate in US dollars (BCH / USD) last week witnessed bullish activity, but buyers lacked the strength to overcome stronger resistance. At Bitfinex, prices today fell to a six-day low of $1 ' 322.
In addition, of particular interest is the Dash. Cryptocurrency replaced IOTA's place as the tenth largest cryptocurrency by market capitalization. It is also the most robust cryptocurrency, as Dash shows only 2.3% loss in the last 24 hours.
The chart below shows the performance of the crypto market; orange-losses for 24 hours ( % ), blue-growth from February 6 (%)
