{"id":370828,"date":"2019-02-08T07:10:02","date_gmt":"2019-02-08T07:10:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=370828"},"modified":"2019-02-08T06:21:24","modified_gmt":"2019-02-08T06:21:24","slug":"crypto-market-wrap-stagnation-as-bitcoin-hits-new-2019-low","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-market-wrap-stagnation-as-bitcoin-hits-new-2019-low\/","title":{"rendered":"Crypto Market Wrap: Stagnation as Bitcoin Hits New 2019 Low"},"content":{"rendered":"
As we end another week in crypto land markets are still very flat and have made very little movement over the past 24 hours. The promise of a minor recovery started an hour or so ago but it has fizzled out leaving market capitalization at the same place it was yesterday.<\/p>\n
Bitcoin hit an intraday high of $3,430 yesterday before falling back again. It dropped below $3,400 to hit a new 2019 low of $3,390 a couple of hours ago as this level becomes support turned resistance. BTC still looks very weak<\/a> and could soon be further down as it forms new resistance levels.<\/p>\n Ethereum has not moved on the day at remains at $105, poised to drop to double digits if no positive momentum can be found. XRP is also static on the day with no gains or losses leaving it at $0.29.<\/p>\n The top ten is mostly in the red during the day\u2019s Asian trading session but losses are negligible. The only altcoin making a gain at the time of writing is Litecoin which is up 1.5% to just under $34. Binance Coin has dropped 3% back to $8 but it has held on to tenth spot.<\/p>\n There are a couple of coins performing a little better in the top twenty. Ethereum Classic and NEM have both clawed back 4% and IOTA is not far behind with a 3% rise today. The rest are 1-2 percent off yesterday\u2019s levels.<\/p>\n There are no double digit pumps going on in the top one hundred cryptocurrencies at the moment. Those outperforming the rest include PIVX and WAX both adding over 8% right now. Similarly there are no big dumps but those dropping the most are Pundi X and Holo losing 6% on the day.<\/p>\n