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:

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

3% Bitfinex Withrawal Fee, Bitmex CEO Rejects Accusations of Foul-Play

Exchanges In latest cryptocurrency trade information, Bitfinex has launched new withdrawal charges, the CEO of …

Ethereum Price Analysis: ETH/USD Sellers Back In Driver’s Seat

Key Highlights ETH value declined closely after it broke the $200 and $190 helps towards …