Crypto Currencies Move Lower

0
7
Blue Waves Electronic - source: FreeImages.com/alfonso diaz
Blue Waves Electronic - source: FreeImages.com/alfonso diaz

Crypto Currencies Lose Steam

Of the 1,665 digital currencies we monitor, the past 24 hours saw total market losses of $896,431,631, as 90% of currencies fell. The biggest impact on the market came from Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Zcash (ZEC).

Bitcoin Update

Bitcoin (BTC) swung between a high of $5,056.27 and a low of $4,303.50 ending twenty four hours of trading at $4,358. This equates to a loss of $880,524,899.00 in market cap. It has seen a -31% weekly decline, and in just the last hour bitcoin has fallen -1.49%. Currently there are 17,386,150 bitcoins in circulation, representing 83% of the final twenty-one million bitcoins that can be mined. 1,881,079 of these bitcoins were traded in the past 24 hours.
In November Bitcoin started the month at $6,341 and swung between $4,796 and $6,556, closing at $4,838 on November 19.

Top 20 Crypto-Currency Coins

Examining the top 20 crypto currencies (ranked by market capitalization), none of the coins rose while the worst three performing were Bitcoin Cash (BCH) -33.28%, Bitcoin Gold (BTG) -23.21%, Cardano (ADA) -16.39%.

Crypto Market Winners and Losers

If we look across the 1,665 crypto currencies (that we track), the biggest short term winners were:

  • BBSCoin (BBS), gained 726%, and sports a market cap of 246 Bitcoins.
  • Alpha Coin (APC), gained 486%, and sports a market cap of 6.00 Bitcoins.
  • EagleX (EGX), gained 370%, and a market cap of 25 Bitcoins.
  • Block-Chain.com (BC), gained 354%, and sports a market cap of 313 Bitcoins.
  • Veros (VRS), gained 182%, with a market cap of 202 Bitcoins.

On the downside, the biggest losers were

  • dietbitcoin (DDX), lost 96%.
  • Hubii Network (HBT), lost 75%.
  • Abulaba (AAA), lost 70%.
  • Wispr (WSP), lost 70%.
  • Blockpool (BPL), lost 65%.

Cryptocurrencies are traded day and night, so instead of covering a market session, we cover the last 24 hours of trading. Remember, prices on Cryptocurrencies can vary quite a bit across exchanges, so always check your local exchange for current rates.

BBSCoin
BBSCoin


Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US News Tribune. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site.

This site uses Akismet to reduce spam. Learn how your comment data is processed.