Bitcoin, Ethereum, Ripple, and Major Coins Drop 5%; Crypto Market Loses $9 Billion

Cryptoconce market has lost more than 9 billion dollars in the last 24 hours because the market value has surpassed 23 billion dollars. Other major cryptocortens, including Bitcoin, Atream, Ripley, Bitcoin Cash, have exceeded 5%.

Blood clots

Yesterday, CCN reported that low-volume Bitcoin and Ither, expected a downtreth due to the native cryptoconces of atherium blockkayon protocol. CCN's report read:

"At this rate, Bitcoin prices may drop to less than $ 5,800 as a short-term, especially if BTC's daily volume is not constructed by a large margin within the next 24 to 48 hours."

Trend evaluated by the CNN Pricing Report on the market on June 28, mostly because the recovery of Bitcoin, Ether and other major digital assets failed. By 29th June, Bitcoin is under $ 4 billion and below $ 1.5 billion in Ithra. This is more than its size on June 28, but it is still not uptrend in the short-term market.

In short, the price of Bitcoin dropped to US $ 5,780 for US $ 5,800 including the US dollar, JPY, KRW and USD. Since then, it is probably caused by BTC's Low Relative Strength Index (RSI), which indicates an oversold condition, the price of BTC increased by one hundred dollars, to $ 5,900.

Still, the volume of BTCL is significantly lower than its volume in early June and if the amount of major digital property is not increased by 10 to 20 percent in the next 24 hours, then another short-term downtrend is expected.