CRYPTO-DAILY THE NUMBERS: BLOOD MONDAY MARKET LOST ANOTHER $20BILLION IN 3 DAYS#0047
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Market Overview.
On Saturday the market lost about $20Billion and while investors are yet to recover from that, yesterday it lost another $20.115Billion a huge 12.49% drop to close (GMT+9) at $140.87Billion while volume traded was $9.67Billion a massive 101.14% increase from the previous day. This huge Sell volume has led to funds leaving the market into fiat while few investors have their funds hedged in USDT as it has grown by over $55Million in the last 3 days. A total of 866 cryptocurrencies, 233 Assets, and 5,442 market pairs were traded. Bitcoin's market dominance increased to 48.2% of the total market cap.
TOP 10 BY MARKET CAP (BILLIONAIRE'S BOARD)
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | %CHANGE |
|---|---|---|---|
| 1 | BITCOIN BTC | 67.940 | -8.97 |
| 2 | ETHEREUM ETH | 27.270 | -13.71 |
| 3 | BITCOIN CASH | 8.259 | -15.14 |
| 4 | RIPPLE XRP | 7.731 | -9.34 |
| 5 | LITECOIN LTC | 3.335 | -15.55 |
| 6 | NEM XEM | 2.382 | -13.07 |
| 7 | DASH DASH | 2.223 | -15.92 |
| 8 | MONERO XMR | 1.557 | -14.12 |
| 9 | IOTA IOTA | 1.526 | -23.24 |
| 10 | ETHEREUM CLASSIC ETC | 1.447 | -16.65 |
| - | TOTAL | 123.670 | -11.26 |
| - | OTHERS | 17.204 | -20.44 |
No gainers as the board is blood red, IOTA recorded the biggest loss of 23.24% dropping one spot to No.9 and swapping places with XMR. Bitcoin recorded a huge loss of 8.97% and yet increased its market dominance, as all other coins on the board retained their spots. The top Ten cryptos combined market cap dropped by 11.26% to close at $123.67Billion controlling 87.79% of the total market capitalization, while the remaining cryptos market cap also fell by 20.44% to close at $17.20Billion.
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TOP 10 BY VOLUME TRADED
| RANK | COIN/ASSET | 24HR VOL (M$) | %CHANGE | DOM PAIR |
|---|---|---|---|---|
| 1 | BITCOIN BTC | 3,447.23 | 93.35 | BTC/USD |
| 2 | ETHEREUM ETH | 2,168.61 | 172.26 | ETH/KRW |
| 3 | LITECOIN LTC | 1,109.03 | 110.30 | LTC/CNY |
| 4 | TETHER USDT | 430.22 | 184.74 | BTC/USDT |
| 5 | BITCOIN CASH BCH | 384.12 | 15.11 | BCH/BTC |
| 6 | RIPPLE XRP | 293.44 | 116.66 | XRP/KRW |
| 7 | ETHEREUM CLASSIC ETC | 282.61 | 74.70 | ETC/CNY |
| 8 | QTUM QTUM | 207.04 | 134.74 | QTUM/KRW |
| 9 | NEO NEO | 200.13 | 382.94 | NEO/BTC |
| 10 | OMISEGO OMG | 166.75 | 154.74 | OMG/USD |
| - | TOTAL | 8,689.18 | 112.77 | |
| - | OTHERS | 983.82 | 35.68 |
USDT was our biggest gainer with a 184.74% gain in investors attention as a result of hedging activities, all the coins had high volume growth but resulted in losses in their market caps except USDT with a positive growth. The board welcomes our returnee NEO and OMG, they evicted XMR and HSR to occupy spots No.9 and 10 respectively. Our dominant pairs show a high 80% CRYPTO/FIAT pairing with a negative effect indicating exit of funds. Combined volume was $8.68Billion a massive 112.77% rise, and an 89.83% of total volume traded, while the remaining cryptos traded $983.82Million a 35.68% rise in investors attention.
NEWS
-Uncertainty Lingers In China as ICO Exchanges Begin Customer Refunds-CoinDesk
-Looking at Legal Issues of ICO Terms and Conditions: Do’s and Don’ts -CoinTelegraph
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HAVE A PROFITABLE INVESTING DAY!
SOURCE:CoinMarketCap
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