Massive Dip Ends Increasing Phase — A Market Analysis
After the market increasing over the last couple of days we do see a massive dip today.
Total Market Capitalization:
Starting in the day with literally no movement during the day the market started to dip fast about $15 billion USD a few hours ago. The next couple of hours following this huge dip the market once more showed no real movement to only once more start decreasing in the last hour. Adding all this up we do see an decrease of more than $17 billion USD today, from nearly $240 billion USD total market capitalization 24 hours ago to nearly $218 billion USD total market capitalization at time of writing:
Dominance (Percentage of Total Market Capitalization):
Following this dominance charts for the past several months it seems like Bitcoins dominance grows quite substantially in times the market isn’t doing great. On an increasing market like we see lately Bitcoins dominance seems to decrease while those of altcoins seem to rise.
| Cryptocurrency | Dominance |
|---|---|
| Bitcoin [BTC] | 55,01% |
| Ethereum [ETH] | 11,52% |
| Ripple [XRP] | 5,32% |
| Bitcoin Cash [BCH] | 4,27% |
| Litecoin [LTC] | 1,62% |
| Monero [XMR] | 0,89% |
| IOTA [MIOTA] | 0,79% |
| Dash [DASH] | 0,71% |
| NEO [NEO] | 0,62% |
| NEM [XEM] | 0,43% |
| Others | 18,82% |
Top 15 chart (measured by their Market Capitalization):
Reflecting the general massive increase we do see on the market today we are able to spot 14 red numbers in our top 15 chart today (12 out of those 14 are double digit decreases) the only green number being Tether [USDT] showing an increase of 0,45% over the course of the last 24 hours. Worst performing Cryptocurrency in our top 15 chart today is EOS [EOS] decreasing nearly 16% shortly followed by NEO [NEO] also showing an decrease of nearly 16% today:
Top Gainer Today (out of the Top 100):
Exact five green numbers can be spotted in our top 100 chart, measured by their market capitalization, today with the best performing Cryptocurrency in it being with no doubt Bitcoin Diamond [BCD] with an astonishing gain of more than 107% over the course of the last 24 hours followed by Dropil [DROP] increasing more than 11% today:
Top Loser Today (out of the Top 100):
Worst performing Cryptocurrency is Gas [GAS] with an decrease of nearly 22% over the course of the last 24 hours followed by IOST [IOST] showing an decrease of more than 20% today:
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Sad ending....