yobit.net вход yobit.net вход
Cryptocurrency Markets show no recovery as Bitcoin still very bearish – Coinnounce

Cryptocurrency Markets show no recovery as Bitcoin still very bearish

Crypto Market Cap drops to $138 Billion, lowest since months

There has been no recovery throughout the cryptocurrency markets this Saturday as all markets continue to drop to yearly lows, bringing the total cryptocurrency market Cap to 138 Billion. Bitcoin is trading at $4341 as reported by CoinGecko on press time and is showing no signs of recovery as volumes of “longs” remains very low. Many experts predict the price of BTC to drop as low as $3000 in the coming days, while ETH is trading at $123 at press time, and is expected to drop to the next support levels of $32 – $53 range.

$72 Billion Wiped off in last month alone, BTC to $1500?

Altcoins are in greens on daily charts with all showing a slight recovery of 0.2% – 1.5% each, with Bitcoin Cash down by 0.22% in last 24 hours and trading at $207 at press time.

Over $42 Billion has been taken off the total market cap in the last 7 days alone from the cryptocurrency industry, while $72 Billion has been lost in the last month alone.

Bitcoin dominance remains at 53.9% as altcoins continue to bleed in the current market conditions. Further losses are expected as Bloomberg predicts BTC to reach $1500 to end the bear markets.

What do you think about the crypto winters? What do you think BTC will be worth this Christmas? Pour in your comments below.

Janet F. Sanchez

Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

View Comments

Recent Posts

JPMorgan: Bitcoin Markets Now Have a Greater Influence from Institutional Investors

JPMorgan Chase, the largest bank in the US in a recent report outlined that the Bitcoin markets have changed since…

9 hours ago

Coincheck Hack: Associated with Russian Hacker Group

New findings into Coincheck, a Japan-based cryptocurrency exchange that was hacked in January 2018 reveals that employees’ computers were infected…

9 hours ago

The Bitmain Lawsuit: Seeking $4 Million from Ex-employees

Bitmain, one of the largest cryptocurrency mining companies in the world is suing three of its ex-employees for launching a…

9 hours ago

Facebook Libra Association: All you need to know

The cryptocurrency industry space has seen growth and massive innovations in recent times. The recent trend in the industry has…

15 hours ago

Ripple Price Analysis, 17th June: XRP trading with a Bullish Momentum

XRPUSD Dominant Trend: Bullish Resistance Levels: $0.46, $0.48, $0.50 Support Levels: $0.38, $0.36, $0.34   Ripple Price Analysis At the…

20 hours ago

Ethereum Price Analysis, 17th June: ETH Following Bitcoin

ETH/USD Dominant Trend: Bullish Resistance Levels: $290, $300, $310 Support Levels: $230, $220, $210   Ethereum Price Analysis Ethereum price…

20 hours ago

This website uses cookies.