CRYPTO-DAILY THE NUMBERS: MARKET LOST $12BILLION DUE TO UNCONFIRMED NEWS FROM CHINA#0051

in #investing7 years ago

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Market Overview.

The market took a dive after comments from JP Morgan CEO Jamie Dimon and tweets from Litecoin founder Charlie Lee, where Jamie claimed Bitcoin is a fraud and Charlie tweeted claiming China had banned exchanges from unconfirmed but trusted source. The Market dropped a huge 8.04% losing $12.24Billion to close (GMT+9) at $139.952Billion while volume traded was $5.17Billion a 35.53% increase from the previous day. A total of 866 cryptocurrencies, 242 Assets, and 5,505 market pairs were traded. Bitcoin's market dominance increased to 47.6% of the total market cap.

TOP 10 BY MARKET CAP (BILLIONAIRE'S BOARD)

RANKCOIN/ASSETMARKET CAP (BILLION$)%CHANGE
1BITCOIN BTC66.682-6.86
2ETHEREUM ETH26.846-8.78
3BITCOIN CASH8.263-10.39
4RIPPLE XRP7.860-6.47
5LITECOIN LTC3.341-9.37
6DASH DASH2.329-5.59
7NEM XEM2.169-8.21
8MONERO XMR1.612-6.98
9IOTA IOTA1.486-13.76
10ETHEREUM CLASSIC ETC1.359-7.17
-TOTAL121.947-7.67
-OTHERS18.006-10.48

The board is crimson red as no gain was recorded, while IOTA recorded the biggest loss of 13.76%. Bitcoin recorded a huge loss of 6.86% and traded below $4000, as all coins on the board retained their spots. The top Ten cryptos combined market cap declined by 7.67% to close at $121.95Billion controlling 87.13% of the total market capitalization, while the remaining cryptos market cap also declined by 10.48% to close at $18.006Billion.

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TOP 10 BY VOLUME TRADED

RANKCOIN/ASSET24HR VOL (M$)%CHANGEDOM PAIR
1BITCOIN BTC2,013.4831.97BTC/USD
2ETHEREUM ETH834.3951.10ETH/USD
3LITECOIN LTC552.9362.45LTC/CNY
4BITCOIN CASH BCH313.5940.83BCH/KRW
5TETHER USDT214.20105.86BTC/USDT
6QTUM QTUM180.4613.38QTUM/KRW
7ETHEREUM CLASSIC ETC160.0532.59ETC/CNY
8RIPPLE XRP115.113.46XRP/KRW
9OMISEGO OMG97.5010.36OMG/BTC
10BITSHARES BTS53.5333.36BTS/CNY
-TOTAL4,535.2438.85
-OTHERS633.7615.71

The board is green due to selling volumes with negative impact on the market, BTS returned to the board evicting IOTA and claimed spot No.10. While USDT recorded the biggest gain of 105.86% as investors rushed to hedge their funds. Our dominant pairs show a high 90% CRYPTO/FIAT pairing with a negative effect indicating outflow of funds. Combined volume was $4.535Billion a 38.85% rise, and an 87.74% of total volume traded, while the remaining cryptos traded $633.76Million a 15.71% growth in investors attention.

NEW LISTINGS

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FRESH ICO's

  • bitJob will deploy blockchain technology in the global student community. Blockchain technology has the potential to disrupt & overcome all boundaries, but we all understand that smart education of consumers is necessary, in order for this to happen. Promoting the education needed to implement decentralization and freedom of choice begins today, through the next generation of the labor market. This ICO was launched 12/09/17 For more HERE

  • Blackmoon Crypto is a blockchain-based platform for tokenized investment vehicles. The Platform allows its users to create, promote, develop, and manage investment funds while covering all the aspects from technology and infrastructure, to legal compliance and corporate structuring. Blackmoon Crypto offers a vision for the standard for tokenized investment vehicles that will bridge the gap between the fiat and crypto universes. This ICO was launched 12/09/17 For more HERE

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  • Kik Interactive Inc. is creating a cryptocurrency as a first step to launching a decentralized ecosystem of digital services. The Kin cryptocurrency will first power a digital economy inside of Kik, and then will serve as the basis of interoperability with other digital services in the Kin Ecosystem. 12/09/17 For more HERE

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NEWS

-Jamie Dimon: Bitcoin Is a 'Fraud'-CoinDesk

-Bitcoin Drops Below $4,000 as Market Turns Uncertain -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
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