Bitcoin has sustained a 4.25% correction and is trading at $7,590 by press time.
mong the top ten cryptocurrencies, all are red. The market-wide price downturn includes a 10.8% loss for 10th largest crypto cardano (ADA), a 9% loss for fourth ranked coin bitcoin cash (BCH), and an 8.8% loss on the day for stellar (XLM), ranked 9th.
The seventh-largest crypto, native exchange token binance coin (BNB), is showing relative resilience — down a mild 2.29% on the day..
Widening out to the top twenty, all coins are again unanimously red, with several posting double digit losses. These include nem (XEM) — ranked 20th and down 13.15% on the day — 15th largest coin iota (MIOTA), which is down 11.8% on the day, and dash (DASH), ranked 14th and down 10.7%.
Other hefty losses have been reported by tron (TRX) — down 9.47% — and neo (NEO), down 9.9% to press time.
The total market capitalization of all cryptocurrencies is currently around $234.77 billion — remaining roughly $10 billion higher than its intra-week lows — with bitcoin dominance at 57.2%.
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