Another Decrease Today — A Market Analysis
After yesterdays news and huge dip the market wasn’t able to slow down and still showing decreasing patters over the course of the last 24 hours.
Total Market Capitalization:
After starting with an fast decrease of more than $15 billion USD total market capitalization the market started to increase slowly only to once more dip again fast more than $15 billion USD total market capitalization. After hitting its low of little more than $365 billion USD the total market capitalization started to increase fast again to dip again in the last couple of hours. Adding this up we do see an decrease of more than $11 billion USD, from $392 billion USD total market capitalization 24 hours ago to $381 billion USD total market capitalization at time of writing:
Dominance (Percentage of Total Market Capitalization):
Following this dominance charts for the past several months it seems like Bitcoins dominance grows quite substantially in times the market isn’t doing great. On an increasing market like we see lately Bitcoins dominance seems to decrease while those of altcoins seem to rise.
| Cryptocurrency | Dominance |
|---|---|
| Bitcoin [BTC] | 37,49% |
| Ethereum [ETH] | 17,50% |
| Ripple [XRP] | 6,97% |
| Bitcoin Cash [BCH] | 6,39% |
| Litecoin [LTC] | 2,06% |
| IOTA [MIOTA] | 1,36% |
| NEO [NEO] | 1,08% |
| Dash [DASH] | 0,84% |
| Monero [XMR] | 0,83% |
| NEM [XEM] | 0,77% |
| Others | 24,73% |
Top 15 chart (measured by their Market Capitalization):
Reflecting the the decreasing pattern we are only able to spot four green numbers in our top 15 chart with the best performing Cryptocurrency being Stellar [XLM] today with an increase of more than 5% over the course of the last 24 hours followed by Bitcoin Cash [BCH] with an increase of 3% today. Worst performing Cryptocurrency in it is once more EOS [EOS] with an decrease of more than 8% today followed by Monero [XMR] with an decrease of more than 3% today:
Top Gainer Today (out of the Top 100):
Best performing Cryptocurrency in our top 100 chart, measured by their market capitalization, is Mithril [MITH] with a nice increase of more than 23% over the last 24 hours followed by WaykiChain [WICC] with an increase of nearly 11% today:
Top Loser Today (out of the Top 100):
Despite the fairly big decrease we only see four double digit decreases in our top 100 chart. Worst performing Cryptocurrency in it is Cortex [CTXC] today with an decrease of nearly 13% over the course of the last 24 hours followed by IOStoken [IOST] with an decrease of more than 12% today:
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Nice share! I do still feel like we have quite a bit more to pull back. Yikes.
Unfortunately I do think the same ;)
Yea, just look at what happened after the 2013-2014 bubble.