Crypto Market Snapshot - July 10, 2018

Crypto Market Snapshot - July 10, 2018

Today, the cryptocurrency market experienced a significant drop in valuation. After approaching $280 billion at the end of the previous week, the total market capitalization has now slipped to about $255 billion. 42 of the top 100 coins saw losses greater than 10% in the last 24 hours, and there was only 1 solid gainer among the top 100 and a few coins recording a break-even performance. In the top 10, Bitcoin held up the best with a 5.5% drop while EOS was again the worst performer, falling by 11%.

As far as events are concerned, there were no significant negative news to »blame« for the cryptocurrency’s poor performance today. Yesterday, there was the Bancor security breach, but it did not generate a particularly high degree of interest on cryptocurrency discussion platforms.

Bitcoin dominance has increased further and BTC now represents 42.7% of the cryptocurrency market. Early in the day, BTC started slipping from about $6,650 until reaching a daily low of $6,325, where it is currently trading. Despite the price continually dropping throughout the day, trading activity did not see major changes, as volume fluctuated between $4.8 and $4.5 billion.


KuCoin Shares (KCS) was the only top 100 coin that noticeably increased in value during the last 24 hours. Earlier today, KuCoin announced a new bonus program, which gives additional benefits to KCS holders.

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