Cryptocurrency Market Update: Bitcoin Diamond (BCD) Pump Defies the Dump

Markets are in a nasty form on Monday; however Bitcoin Diamond and Waves recovering.

Crypto markets are nonetheless in the doldrums as we begin the week. A really small bounce yesterday prevented them reaching a brand new yearly low however ranges are usually not far off it. Nonetheless below $200 billion, markets are at their lowest level since the finish of October final 12 months.

Bitcoin made a small upward motion yesterday however has stayed flat since then buying and selling at $6,320. Additional losses look doubtless for BTC which isn’t displaying any bullish indicators at the second. Ethereum goes from dangerous to worse because it plummets even additional, remaining below $200. ETH at the second is buying and selling at $195 and any additional dips might spell very dangerous information for the world’s second largest crypto.

Altcoins are fairly blended at the second with some nonetheless falling however others recovering a bit from final week’s rout. In the high ten XRP, Stellar and Cardano are nonetheless dropping 2-Three % on the day whereas EOS has gained 2.6% to tug itself again to $5.

Extra motion will be seen additional down the charts with Sprint and Dogecoin streaking again up with 7% clawed again on the day. Iota and VeChain are additionally gaining, however solely by Three% at the time of writing. The remainder are plus or minus a proportion from yesterday’s costs.

Bitcoin Diamond is having the largest pump of the day with a 22% achieve to commerce at $2.06. BCD spurted two hours in the past when quantity over doubled to round $19 million. The biggest OTC alternate in Asia, OTCBTC, now helps Bitcoin Diamond;

A Korean information article about BCD Bazaar, the new partnership pushed e-commerce platform, is also driving momentum. Binance presently has over 50% of the commerce quantity in BCD.

Waves can also be performing nicely at the second with an analogous 22% spike, as is Bitcoin Darkish which is up 20%. At the painful finish of the high 100 is Rchain and GAS dumping 7% every.

Complete crypto market capitalization has slid an extra 1.5% on the day and is presently at $195 billion. Ethereum is main the losses as most ERC20 tokens are additionally in a nasty method. The one excellent news out of crypto land at the second is Bitcoin’s dominance which has climbed to a different yearly excessive of 55.eight%.

Extra on Bitcoin Diamond will be discovered right here: http://btcd.io/

FOMO Moments is a bit that takes a each day take a look at the high 25 altcoins throughout the present buying and selling session and analyses the finest performing ones, searching for tendencies and potential fundamentals.

About Tom Greenly

Check Also

Bitcoin (BTC) Price Watch: Bearish Wedge Breakout

Bitcoin Price Key Highlights Bitcoin worth not too long ago broke beneath a rising wedge …

Ethereum Price Under $200 – Things Are Not Looking Good

After hitting a one yr low earlier final week, the Ethereum worth has been struggling …