CRYPTO-DAILY THE MKT IN NUMBERS: MKT VOL DECLINES 3 DAYS IN A ROW (THURSDAY 13/7/17)#0005

in #investing7 years ago (edited)

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Market Overview.

Yesterday the market recorded decline in market cap and its third consecutive decline in traded volume, is this a preparation for another bearish weekend? $2.89B was lost a 3.31% decline from previous day to close(GMT+1) at $84.508B, volume traded was $3.198B a decline of 24.42%. A sharper decline in volumes and a decline although slight in market cap indicates that the Bears are strengthing their position, we expect a confirmation from today's trading.
A total of 811 cryptocurrencies, 161 Assets, and 4,498 market pairs were traded. Bitcoin's market dominance increased negligibly to 45.9% of the total market cap.

TOP 10 BY MARKET CAP

RANKCOIN/ASSETMARKET CAP (BILLION$)%CHANGE
1BITCOIN BTC38.750-1.60
2ETHEREUM ETH19.579-7.05
3RIPPLE XRP7.743+0.31
4LITECOIN LTC2.415-3.78
5ETHEREUM CLASSIC ETC1.755-5.75
6DASH DASH1.273-4.28
7NEM XEM1.110-6.82
8IOTA IOTA0.596-3.92
9MONERO XMR0.565-4.04
10BITCONNECT BCC0.399+0.00
-TOTAL74.188-3.32

BitConnect BCC returns! sending EOS packing from the top 10 board to occupy the No.10 spot barely 24hrs after it was removed unceremoniously (Is this tenacity?), while the rest of the board remained unchanged. All occupants of the board experienced a decline in their market cap except Ripple XRP with a 0.31% growth and BitConnect with a neutral growth. The top Ten cryptos combined market cap declined by 3.32% to close at $74.188B controlling 87.8% of the total market capitalization unchanged from the previous day.

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TOP 10 BY VOLUME TRADED

RANKCOIN/ASSET24HR VOL (MILLION$)%CHANGE
1BITCOIN BTC850.48-22.89
2ETHEREUM ETH845.63-29.88
3ETHEREUM CLASSIC ETC440.97-37.89
4LITECOIN LTC234.63-35.51
5RIPPLE XRP226.67+57.38
6TETHER USDT105.43-18.95
7EOS EOS53.16-48.33
8BITSHARES BTS51.95-12.44
9FIRSTBLOOD 1ST39.16+94.31
10STELLAR XLM28.86+81.87
-TOTAL2,876.95-26.08

Let's welcome FirstBlood 1ST and StellarLumens XLM our two new entrants to the top 10 by volume board. Ripple XRP had investors interest with a 57.38% increase in traded volume this explains its marginal growth in market cap(Keep an eye on XRP), our new entrants also had positive growths with FirstBlood 1ST having the 94.31%(the highest) to claim the No.9 spot evicting Metal MTL, and Stellar XLM with 81.87% growth in traded volume evicted Dash to claim the No.10 spot both were influenced by 1ST/CNY and XLM/BTC trading pairs on Yunbi and Poloniex exchanges respectively. The rest of the board recorded negative growth in their trading volumes, EOS recorded the most decline of 48.33%.
Our top 10's combined volume was $2.876B a massive 89.96% of total volume traded a decrease from previous day's 92%.

TOP 5 EXCHANGE BY VOLUME

RANKEXCHANGE24HR VOL (MILLION$)MOST TRADED PAIR
1BITHUMB372.109ETC/KRW
2POLONIEX297.015ETH/BTC
3COINONE219.512ETH/KRW
4OKCOIN189.795ETH/CNY
5BITFINEX158.259ETH/USD

BITFINEX makes our top 5 board for exchanges powered by huge volumes in the ETH/USD pair, this spike in volume corrolates with the report by Cointelegraph (see link below) that EOS moved some of its ETH received in its ongoing ICO to fiat.

TOP 5 BIGGEST GAINERS AND LOSERS

RANKCOIN%GAINEDCOIN% LOST
1Neutron NTRN+792.58Bitok BITOK-99.58
2ScoreCoin SCORE+351.72ReeCoin REE-87.17
3TerraCoin TRC+182.84Decent DCT-33.41
4KushCoin KUSH+168.53HTMLCoin HTML5-33.08
5ExclusiveCoin EXCL+141.23HitCoin HTC-30.61

NEW LISTINGS

None.

ICO

The TEZOS blockchain ICO ended on a record-breaking note, it raised in about 12 days 65,627BTC(worth about $156M) and 361,122ETH(worth about $76M) totaling $232M. See details HERE

NEWS

Startup Darling EOS Cashes In Millions Of ETH As ICO Scorn Continues-CoinTelegraph

Bitcoin Scaling Watch: News and Guides to Navigate the Coming Clash of Code-CoinDesk

I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE, RESTEEM and FOLLOW for MORE. THANK YOU FOR YOUR ENCOURAGEMENT.

HAVE A PROFITABLE INVESTING DAY!

SOURCE:CoinMarketCap
SEE PREVIOUS DAY'S POST CRYPTO-DAILY THE MKT IN NUMBERS: 3 DAY OLD CRYPTO'S GRAND ENTRANCE (WEDNESDAY 12/7/17)#0004

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This is helpful getting a snapshot.

Coming from you it means a lot. thank you.

Low total volume...

Bearish weekend i think.

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