On the morning of February 01, Top 100 Cryptocurrencies by Market Capitalization is showing a downward trend. For many assets, in the last 24 hours, significant price falls have been recorded. Total market capitalization decreased by -3,5%, the dynamics are more prone to decline.
Bitcoin (BTC), from its maximum values, namely $3 499,35, dropped sharply to the level of the established price threshold, which currently stands at $3 450,00. It happened yesterday, after noon, the decline is not large -1,4%. All possible attempts to recover have aggravated the position of the asset and as a result, the coin fell even lower.
Altcoins in the red zone, surging new wave of rollback adversely affects many assets.
In the first five, Ripple (XRP) sank significantly, the minimum of the asset was updated at the level of $0.299, having previously experienced two phases of decline. In the first phase of decline, -6,4% was lost. The second phase was rather sharp and reduced the coin by -5,2%. Ethereum (ETH) has noticeably decreased, the price has dropped to the level of $105,05, but at the moment the asset is confidently trying to recover.
Litecoin (LTC) demonstrates good dynamics in the second five, despite the fact that the asset also declined, at around $31,13, its minimum was updated, the coin is trying very hard to grow. Stellar (XLM) does not control the situation at all, the asset stubbornly does not want to fight; in the last 24 hours, having lost more than -6%, the coin continues to roll strictly down.
At the time of this writing, Top 10 Cryptocurrencies by Market Capitalization is as follows:
This article cannot be considered as investment advice! Always remember that investments in cryptocurrencies are associated with increased risk and any investment should be approached very carefully. Just pay your attention that the responsibility for making a decision lies only with you. Please consider all these risks when evaluating cryptocurrency-related investments. Invest in cryptocurrency only the money that you can afford to lose.
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