{"id":377718,"date":"2019-04-09T07:00:23","date_gmt":"2019-04-09T07:00:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=377718"},"modified":"2019-04-09T06:33:31","modified_gmt":"2019-04-09T06:33:31","slug":"crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/","title":{"rendered":"Crypto Market Wrap: $6 Billion Retreat From 2019 High, How Low Will it Go?"},"content":{"rendered":"<h5>Crypto markets retreat after yesterday&#8217;s high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives.<\/h5>\n<h2><a href=\"https:\/\/uniquehot.com\/category\/fomo-moments\/\" data-wpel-link=\"internal\">Market Wrap<\/a><\/h2>\n<p>Crypto markets are starting to correct as $6 billion gets dumped and traders take profits. The move was not unexpected as many had predicted a pullback for Bitcoin as it approached heavy resistance. The day after reaching a new 2019 total market capitalization has dropped back below $180 billion again.<\/p>\n<p>Bitcoin hit an intraday high of $5,300 a few hours ago but could not break above it. It had recovered strongly from a low point of $5,150 during US trading the previous day but now appears to be correcting again as BTC falls back to $5,200. Big resistance looms ahead and the pullback has been predicted.<\/p>\n<p>Ethereum has lost 3% on the day falling back to $176 from a 2019 high on Monday. ETH appears to have hit pivotal resistance at the <a href=\"https:\/\/uniquehot.com\/2019\/04\/08\/ethereum-rallies-ten-percent-today-will-eth-continue-to-200\/\">200 day moving average yesterday<\/a> which it failed to overcome. If Bitcoin fails to hold above $5k, Ethereum will also fall along with the rest of the markets.<\/p>\n<p>The top ten is a sea of red at the time of writing. Altcoins are starting to dump with the biggest losses suffered by Binance Coin and Cardano, both dropping 6% on the day. Bitcoin Cash and Litecoin have lost 4% as BCH flips LTC for fourth spot. <a href=\"https:\/\/uniquehot.com\/2019\/04\/09\/ripple-xrp-price-analysis-inflection\/\">XRP<\/a> and XLM are about 3% down as the sellers gather momentum in fear of a big dump.<\/p>\n<p>Top twenty losses are even greater with Bitcoin SV, NEO and Ethereum Classic dropping 7 percent a piece. Even a listing on Coinbase Pro could not prevent Maker dumping 7 percent today too. The only altcoin in the green in the top thirty right now is Tron which has made over 3% on the day as Justin Sun launches his own network;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Weekly Report<br \/>1. Developments on SUN NETWORK.<br \/>2. 40+exchanges support <a href=\"https:\/\/twitter.com\/hashtag\/BTT?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTT<\/a>.<br \/>3. <a href=\"https:\/\/twitter.com\/hashtag\/USDT?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#USDT<\/a>&#8211;<a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#TRON<\/a> successfully tested airdrop on test network.<br \/>4. <a href=\"https:\/\/twitter.com\/TRONSCAN_ORG?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@TRONSCAN_ORG<\/a> showed new transactions records.<br \/>5. <a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@justinsuntron<\/a> donated to HUPAN University established by Jack Ma.<a href=\"https:\/\/t.co\/upp4neCcAQ\" rel=\"nofollow\">https:\/\/t.co\/upp4neCcAQ<\/a><\/p>\n<p>&mdash; TRON DAO (@trondao) <a href=\"https:\/\/twitter.com\/trondao\/status\/25462272?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 8, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>FOMO: REPO Dumping and Pumping<\/h2>\n<p>The top performing altcoin in the top one hundred right now is REPO up a whopping 90% following a dump of a similar amount yesterday. The extremely erratic price movements of this altcoin make it proper P&amp;D material with very little fundamental basis. There are no other altcoins pumping at the moment although WaykiChain is up 9% on the day.<\/p>\n<p>VestChain, having been reported as a scam coin, has dumped 46% over the past few hours. Maximine Coin continues to get battered losing another 15% today and Dogecoin is back in the doldrums with a 13% dump.<\/p>\n<figure id=\"attachment_377719\" aria-describedby=\"caption-attachment-377719\" style=\"width: 1141px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/totalcap0904.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-377719\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/totalcap0904.jpg?resize=1141%2C409\" alt=\"\" width=\"1141\" height=\"409\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/totalcap0904.jpg?w=1141 1141w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/totalcap0904.jpg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/totalcap0904.jpg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/totalcap0904.jpg?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/totalcap0904.jpg?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-377719\" class=\"wp-caption-text\">Total market capitalization 24 hours. Coinmarketcap.com<\/figcaption><\/figure>\n<p>Total market capitalization has lost $6 billion over the past 24 hours as it retreats from a <a href=\"https:\/\/uniquehot.com\/2019\/04\/08\/ethereum-leads-crypto-markets-to-new-2019-high-of-185-billion\/\">new yearly high<\/a> to $179 billion. The 3% loss has not been unforeseen as corrections following new highs are inevitable. Altcoins appear to be leading the slide at the moment however as Bitcoin\u2019s dominance climbs back over 51%.<\/p>\n<p><em>Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto markets retreat after yesterday&#8217;s high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives. Market Wrap Crypto markets are starting to correct as $6 billion gets dumped and traders take profits. The move was not unexpected as many had predicted a pullback for Bitcoin as it approached heavy resistance. The day after reaching a new 2019 total market capitalization has dropped back below $180 billion again. Bitcoin hit an intraday high of $5,300 a few hours ago but could not break above it. It had recovered strongly from a low point of $5,150 during US trading the previous day but now appears to be correcting again as BTC falls back to $5,200. Big resistance looms ahead and the pullback has been predicted. Ethereum has lost 3% on the day falling back to $176 from a 2019 high on Monday. ETH appears to have hit pivotal resistance at the 200 day moving average yesterday which it failed to overcome. If Bitcoin fails to hold above $5k, Ethereum will also fall along with the rest of the markets. The top ten is a sea of red at the time of writing. Altcoins are starting to dump with the biggest losses suffered by Binance Coin and Cardano, both dropping 6% on the day. Bitcoin Cash and Litecoin have lost 4% as BCH flips LTC for fourth spot. XRP and XLM are about 3% down as the sellers gather momentum in fear of a big dump. Top twenty losses are even greater with Bitcoin SV, NEO and Ethereum Classic dropping 7 percent a piece. Even a listing on Coinbase Pro could not prevent Maker dumping 7 percent today too. The only altcoin in the green in the top thirty right now is Tron which has made over 3% on the day as Justin Sun launches his own network; Weekly Report1. Developments on SUN NETWORK.2. 40+exchanges support #BTT.3. #USDT&#8211;#TRON successfully tested airdrop on test network.4. @TRONSCAN_ORG showed new transactions records.5. @justinsuntron donated to HUPAN University established by Jack Ma.https:\/\/t.co\/upp4neCcAQ &mdash; TRON DAO (@trondao) April 8, 2019 FOMO: REPO Dumping and Pumping The top performing altcoin in the top one hundred right now is REPO up a whopping 90% following a dump of a similar amount yesterday. The extremely erratic price movements of this altcoin make it proper P&amp;D material with very little fundamental basis. There are no other altcoins pumping at the moment although WaykiChain is up 9% on the day. VestChain, having been reported as a scam coin, has dumped 46% over the past few hours. Maximine Coin continues to get battered losing another 15% today and Dogecoin is back in the doldrums with a 13% dump. Total market capitalization has lost $6 billion over the past 24 hours as it retreats from a new yearly high to $179 billion. The 3% loss has not been unforeseen as corrections following new highs are inevitable. Altcoins appear to be leading the slide at the moment however as Bitcoin\u2019s dominance climbs back over 51%. Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.<\/p>\n","protected":false},"author":386,"featured_media":374046,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,12383],"tags":[11427,12332,1501,17181,16042,11808],"class_list":["post-377718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-market-wrap","tag-bnb","tag-cardano","tag-correction","tag-market-wrap","tag-pullback","tag-tron"],"acf":[],"yoast_head":"\n<title>Crypto Market Wrap: $6 Billion Retreat From High, How Low Will it Go?<\/title>\n<meta name=\"description\" content=\"Crypto markets retreat after yesterday&#039;s high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives. Market Wrap Crypto Crypto markets retreat after yesterday&#039;s high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Market Wrap: $6 Billion Retreat From High, How Low Will it Go?\" \/>\n<meta property=\"og:description\" content=\"Crypto markets retreat after yesterday&#039;s high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives. Market Wrap Crypto Crypto markets retreat after yesterday&#039;s high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-09T07:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-09T06:33:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/fomo2-red.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Martin Young\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Crypt0nuts\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Martin Young\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/\"},\"author\":{\"name\":\"Martin Young\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/7afb3a40e2803b100688938c074fd854\"},\"headline\":\"Crypto Market Wrap: $6 Billion Retreat From 2019 High, How Low Will it Go?\",\"datePublished\":\"2019-04-09T07:00:23+00:00\",\"dateModified\":\"2019-04-09T06:33:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/\"},\"wordCount\":503,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/fomo2-red.jpg?fit=1000%2C667\",\"keywords\":[\"BNB\",\"Cardano\",\"correction\",\"market wrap\",\"pullback\",\"TRON\"],\"articleSection\":[\"Cryptocurrency Market News\",\"Market Wrap\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/\",\"url\":\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/\",\"name\":\"Crypto Market Wrap: $6 Billion Retreat From High, How Low Will it Go?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-market-wrap-6-billion-retreat-from-high-how-low-will-it-go\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/fomo2-red.jpg?fit=1000%2C667\",\"datePublished\":\"2019-04-09T07:00:23+00:00\",\"dateModified\":\"2019-04-09T06:33:31+00:00\",\"description\":\"Crypto markets retreat after yesterday's high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives. 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