Daily crypto traders and investors expected to see the market flourish again after yesterday’s prescribed recovery but the case is different as another red colour storms the market again leaving only QTUM, MIXIN, Bitcoin diamond and Monaco as the only surviving souls, this time.
In addition $10 billion has been dumped from the market over the past 24 hours, reducing the market cap from $255 billion to $245 billion which equates to 4.5% fall. The trade volume was also reduced from $18 billion to $13 billion .
The mother of all coin seems to undergo a short recovery yesterday by trading above $6200 but has fallen by 3% today and is struggling to stay above $6k, it’s current price as at the time of filling this report was $6107.
Currently, it’s in a dowbeard channel and approaching a more critical support level. This tragedy had a much more effect on alt coins like Eth, EOS, Bitcoin cash, LTC, XRP, ETH CLASSIC, omise go and many others as they all shed a reasonable amount in price bringing almost all of them down to their lowest price for the year. Just few coins were able to survive the current situation.