{"id":369455,"date":"2019-01-28T07:00:34","date_gmt":"2019-01-28T07:00:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=369455"},"modified":"2019-01-28T08:09:21","modified_gmt":"2019-01-28T08:09:21","slug":"crypto-market-wrap-7-billion-dumped-to-new-2019-lows","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-market-wrap-7-billion-dumped-to-new-2019-lows\/","title":{"rendered":"Crypto Market Wrap: $7 Billion Dumped to New 2019 Lows"},"content":{"rendered":"
Crypto market movements have been few and far between in recent weeks but the bears have awoken again today and markets are dumping. Almost $7 billion has been dumped in the past few hours to send total market capitalization plunging to a new 2019 low at around $114 billion.<\/p>\n
The pain started with Bitcoin as it has failed to make any movement above solid resistance at $3,600. This has ignited a plunge that saw BTC fall to its lowest level in over a month<\/a> and a new 2019 low of $3,460. At the moment BTC is trading 3.3% down on the day.<\/p>\n Ethereum has taken a bigger hit, getting smashed 7% to drop below $110 again. ETH is dangerously close to dropping back into double figures one again. XRP has extended the gap back to $1 billion as it only lost 5% on the day, but it is now below $0.30 for the first time this year.<\/p>\n The top ten is a bloodbath this Monday morning. Bitcoin Cash is getting hammered 11% as it tumbles down the market cap below Tether to sixth. Stellar and Bitcoin SV are both getting hit 10% as they too slide down the list, XLM is now down to ninth spot. Tron has dropped back below Litecoin<\/a> again as it loses 8%.<\/p>\n Big pain is being felt in the top twenty during today\u2019s Asian trading session. IOTA has dumped over 10% on the day as it slides down to fourteenth. Cardano, Nem and Maker are all losing around 8% at the time of writing, the rest are not far behind.<\/p>\n There are only two survivors in the top one hundred at the moment, everything else is red. Pundi X and Holo are gaining around 15% each on the day. Even the stablecoins are falling back from their pegs a little. The biggest dumps at the moment are previous fomo coins Theta and Loopring losing around 20% each. Bitcoin Gold is also hurting at the moment with a 16% slide.<\/p>\n