CRYPTO-DAILY THE NUMBERS: BITCOIN FALLS AS MARKET RECORDS $3.3BILLION LOSS#0030

in #investing7 years ago

meta-chart.1508.png
Market Overview.
The Market fell by 2.4% losing $3.3Billion to close (GMT+9) at $134.572Billion while volume traded was $5.58Billion a 0.46% drop from the previous day. After two previous days of less than 1% growth the market pulled back, there was a lot of profit taking and I don't expect an immediate recovery, whats your take? A total of 850 cryptocurrencies, 210 Assets, and 5,096 market pairs were traded. Bitcoin's market dominance decreased insignificantly by 1.1% to 50.1% of the total market cap.

TOP 10 BY MARKET CAP (BILLIONAIRE'S BOARD)

RANKCOIN/ASSETMARKET CAP (BILLION$)%CHANGE
1BITCOIN BTC67.365-4.53
2ETHEREUM ETH27.044-1.89
3RIPPLE XRP5.928-6.84
4BITCOIN CASH4.855-1.92
5IOTA IOTA2.552-3.41
6NEO ANS2.3642.87
7NEM XEM2.34511.56
8LITECOIN LTC2.254-0.57
9DASH DASH1.5273.67
10ETHEREUM CLASSIC ETC1.282-0.62
-TOTAL117.516-3.29
-OTHERS17.0564.18

NEM was our biggest gainer with an 11.56% growth moved up one spot to No.7 spot swapping places with LTC, while Bitcoin although losing 4.53% dominated the market controlling 50.1% and another 50.69% of total market volume. While on the reverse XRP recorded the biggest loss of 6.84% as the rest of the board retained their spots. The top Ten cryptos combined market cap dropped by 3.29% to close at $117.5Billion controlling 87.33% of the total market capitalization, while the remaining cryptos market cap grew by 4.18% to close at $17.056Billion.

meta-chart.VOL1508.png
TOP 10 BY VOLUME TRADED

RANKCOIN/ASSET24HR VOL (M$)%CHANGEDOM PAIR
1BITCOIN BTC2,828.590.53BTC/USD
2ETHEREUM ETH935.047.56ETH/KRW
3NEO ANS228.49-30.03NEO/BTC
4TETHER USDT198.0142.22BTC/USDT
5LITECOIN LTC144.08-15.03LTC/CNY
6BITCOIN CASH BCH121.22-14.36BCH/BTC
7OMISEGO103.6823.03OMG/BTC
8RIPPLE XRP99.6744.41XRP/KRW
9IOTA IOTA74.194.39IOT/USD
10QTUM QTUM56.85-29.13QTUM/CNY
-TOTAL4,789.820.53
-OTHERS790.18-6.10

XRP recorded the biggest growth 44.41% in investors attention albeit negative as it recorded negative growth in its market cap, it rose two spots to No.8 swapping places with QTUM. While USDT rose two spots to No.4 pushing LTC and BCH down one spot concurrently to No.5 and No.6 consecutively. Our dominant pairs show a 70% CRYPTO/FIAT pairing, while BTC/USD dominated Bitcoin as it recorded negative growth indicating significant movement of funds out. Combined volume was $4.789Billion a 0.53% rise, and an impressive 85.84% of total volume traded, while the remaining cryptos traded $790Million losing 6.10% of investors attention.

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NEWS

This Is Why Digital Currencies Need A Self-Regulating Organization- HuffingtonPost @michaelx

Ripple Confirms China Expansion Plans, Shoots Down Alibaba Rumor-CoinDesk

Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year -CoinTelegraph

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 POST CRYPTO-DAILY THE NUMBERS: BITCOIN DOMINATES AS MARKET RECORDS LESS THAN 1% GROWTH AGAIN#0029

BITSHARES WEEKLY THE NUMBERS AUG WK2#0028

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It will be interesting to see what will happen in next two weeks, because I think that will determine next 3 months

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