Thursday, May 23 - following a mild correction which began yesterday, crypto markets have today tipped into deeper red with bitcoin dropping below the $7,600 mark, as Coin360 data shows.
Largest altcoin by market cap ether has seen a heftier loss, down 7.9% on the day to press time to trade at $235.85.
The top alt is now trading 8.66% down on the week.
The market-wide price downturn includes a 10.8% loss for 10th largest crypto cardano, a 9% loss for fourth ranked coin bitcoin cash, and an 8.8% loss on the day for stellar, ranked 9th. The seventh-largest crypto, native exchange token binance coin, is showing relative resilience - down a mild 2.29% on the day.
These include nem - ranked 20th and down 13.15% on the day - 15th largest coin iota, which is down 11.8% on the day, and dash, ranked 14th and down 10.7%. Other hefty losses have been reported by tron - down 9.47% - and neo, down 9.9% to press time.
The total market capitalization of all cryptocurrencies is currently around $234.77 billion - remaining roughly $10 billion higher than its intra-week lows - with bitcoin dominance at 57.2%.Total market capitalization of all cryptocurrencies.
In an interview yesterday, crypto trader Anthony Grisanti of NYMEX anticipated that bitcoin would likely correct back to $7,000 and consolidate recent gains.
In traditional markets, Indian stock markets soared following news of incumbent Prime Minister Narendra Modi's anticipated landslide victory, before swiftly correcting downwards, as the Economic Times of India reports live.
Earlier in the day, the Sensex - a stock market index of 30 companies listed on the Bombay Stock Exchange - soared 1,000 points to break past the 40,000 mark for the first time ever, with the Nifty 50 - the National Stock Exchange of India's stock index for the equity market- crossing the 12,000 mark, setting a new record high.
To press time, the Sensex has scaled back down and is trading at 39,103 levels, with the Nifty 50 at around 11,750.
Crypto Markets Turn Red, Indian Stock Markets Post Record Highs Amid Election Results
gepubliceerd op May 23, 2019
by Cointele | gepubliceerd op Coinage
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