CRYPTO-DAILY THE NUMBERS: MARKET REBOUNDS GAINS $15BILLION AS INVESTORS RETURN#0048
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Market Overview.
Amidst fear and uncertainty, investors were relieved to see the market rebound 24Hrs after a $20Billion drop. The market spiked by 11.24% gaining $15.83Billion to close (GMT+9) at $156.703Billion while volume traded was $7.43Billion a 23.18% decrease from the previous day. The drop in volume and the sharp increase in market cap indicates an increase in buy pressure, and it's expected to continue today. A total of 868 cryptocurrencies, 236 Assets, and 5,469 market pairs were traded. Bitcoin's market dominance decreased to 47.2% of the total market cap.
TOP 10 BY MARKET CAP (BILLIONAIRE'S BOARD)
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | %CHANGE |
|---|---|---|---|
| 1 | BITCOIN BTC | 73.978 | 8.89 |
| 2 | ETHEREUM ETH | 30.280 | 11.04 |
| 3 | BITCOIN CASH | 9.253 | 12.04 |
| 4 | RIPPLE XRP | 8.374 | 8.32 |
| 5 | LITECOIN LTC | 3.879 | 16.31 |
| 6 | NEM XEM | 2.765 | 16.08 |
| 7 | DASH DASH | 2.521 | 13.41 |
| 8 | MONERO XMR | 1.770 | 13.68 |
| 9 | IOTA IOTA | 1.746 | 14.42 |
| 10 | ETHEREUM CLASSIC ETC | 1.649 | 13.96 |
| - | TOTAL | 136.215 | 10.14 |
| - | OTHERS | 20.488 | 19.09 |
No losers as the board is lush green, LTC recorded the biggest gain of 16.31% and still retained its No.5 spot. Bitcoin recorded a huge gain of 8.89% recovering almost all of its previous day's loss, as all coins on the board retained their spots. The top Ten cryptos combined market cap rose by 10.14% to close at $136.2Billion controlling 86.93% of the total market capitalization, while the remaining cryptos market cap also rose by 19.09% to close at $20.48Billion.
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TOP 10 BY VOLUME TRADED
| RANK | COIN/ASSET | 24HR VOL (M$) | %CHANGE | DOM PAIR |
|---|---|---|---|---|
| 1 | BITCOIN BTC | 2,427.82 | -29.57 | BTC/USD |
| 2 | ETHEREUM ETH | 1,419.06 | -34.56 | ETH/KRW |
| 3 | LITECOIN LTC | 968.49 | -12.67 | LTC/CNY |
| 4 | BITCOIN CASH BCH | 285.76 | -25.61 | BCH/KRW |
| 5 | TETHER USDT | 242.24 | -42.02 | BTC/USDT |
| 6 | ETHEREUM CLASSIC ETC | 242.24 | -14.28 | ETC/CNY |
| 7 | RIPPLE XRP | 219.02 | -25.36 | XRP/KRW |
| 8 | QTUM QTUM | 202.08 | -2.40 | QTUM/KRW |
| 9 | OMISEGO OMG | 120.83 | -27.54 | OMG/BTC |
| 10 | MONERO XMR | 106.36 | 3.51 | XMR/KRW |
| - | TOTAL | 6,241.12 | -28.17 | |
| - | OTHERS | 1,189.88 | 20.94 |
Although having positive market cap growth, all coins on the board recorded negative volume growth except XMR. XMR gained 3.51% volume growth to return to the board evicting NEO and claimed spot No.10. Our dominant pairs show a high 90% CRYPTO/FIAT pairing with a positive effect indicating inflow of funds. Combined volume was $6.24Billion a 28.77% drop, and an 83.99% of total volume traded, while the remaining cryptos traded an unusual $1.18Billion a 20.94% rise in investors attention.
NEWS
-China's ICO Ban: A Full Translation of Regulator Remarks-CoinDesk
-Hedging Your Bets: New Diversification Models for Crypto Investors -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
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Yes there was a lot of blood and a great time to buy Bitshares. :)
Bitshares doing well today.