The bears counterattack

Almost all major cryptocurrencies - Bitcoin, Ethereum, Ripple, EOS - have contributed to the collapse of the market. Although the price of Bitcoin fell by 6% against the dollar, EOS, Bitcoin Cash, Litecoin, Monero, Ethereum and Ripple suffered much more losses. Of all the top 10 entries, Stellar stood out and managed to lose only 6% in a bear market.

At the time of the publication of the article, the price decrease of Bitcoin Cash and EOS was 16% over the last 24 hours. The price of Bitcoin Cash, which showed all signs of an increase to $ 648 declined by 19.5% in two hours and is now 507 dollars.

EOS is also not far behind - despite having reached $ 6.68 this week, over the last 24 hours, the price of EOS has dropped by about 16.5%.

The price of Ethereum has also dropped by around 20% in 24 hours. Throughout the week, the ETH / USD pair showed strong growth towards the $ 300, but due to the bearish pressure on the last day, its price dropped to $ 228.

Bitcoin Diamond, one of Bitcoin's hardforks, seems to be the only cryptocurrency to face the consequences of the negative trend. The price of BCF has increased by more than 240%, probably due to a manipulator pump. Nevertheless, the correction decreased its price by almost half.

Another crypto-currency whose price demonstrates resistance to the downtrend is Dropil. This currency, supported by an independent platform of cryptocurrency instruments, has more than 15% in the past 24 hours. DROP's price went from a daily minimum of $ 0.0034 to $ 0.0044.

At the same time, bitcoin is experiencing an impressive correction. A potential backtrack may occur near the $ 6832 mark, but that does not guarantee a long bullish cycle.