CRYPTO-DAILY THE NUMBERS: MARKET LOST $8BILLION AS SOUTH KOREA ISSUES ICO BAN#0062
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Market Overview.
The market took a dive recording its first loss this week, after news of ICO ban from South Korea and news on the ban of Bitcoin transactions from Russia. The market lost $8.346Billion a 5.69% drop to close (GMT+9) at $138.46Billion while volume traded was $4.23Billion a 7.95% decrease from the previous day. A total of 1133 cryptocurrencies and 5,594 market pairs were traded. Bitcoin's market dominance grew marginally to 48.60% of the total market cap.
TOP 10 BY MARKET CAP
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | %CHANGE |
|---|---|---|---|
| 1 | BITCOIN BTC | 67.276 | -4.47 |
| 2 | ETHEREUM ETH | 27.016 | -6.69 |
| 3 | RIPPLE XRP | 7.251 | -5.92 |
| 4 | BITCOIN CASH | 7.141 | -6.30 |
| 5 | LITECOIN LTC | 2.729 | -8.58 |
| 6 | DASH DASH | 2.432 | -7.00 |
| 7 | NEM XEM | 1.993 | -8.83 |
| 8 | IOTA IOTA | 1.588 | 5.03 |
| 9 | MONERO XMR | 1.388 | -8.32 |
| 10 | NEO NEO | 1.348 | -9.71 |
| - | TOTAL | 120.162 | -5.39 |
| - | OTHERS | 18.298 | -7.58 |
All coins on the board recorded loss, except IOTA our only gainer recording a 5.03% growth moved up one spot to No.8 swapping with XMR. While NEO was worst hit recording a 9.71% loss. Bitcoin recorded a 4.47% loss and traded as low as $4022, all others retained their spots. The top Ten cryptos combined market cap dropped by 5.39% to close at $120.16Billion controlling 86.78% of the total market capitalization, while the remaining cryptos market cap also dropped by 7.58% to close at $18.29Billion.
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TOP 10 BY VOLUME TRADED
| RANK | COIN/ASSET | 24HR VOL (M$) | %CHANGE | DOM PAIR |
|---|---|---|---|---|
| 1 | BITCOIN BTC | 1,634.98 | -13.52 | BTC/USD |
| 2 | ETHEREUM ETH | 568.88 | -8.19 | ETH/USD |
| 3 | BITCOIN CASH BCH | 282.13 | 26.98 | BCH/KRW |
| 4 | TETHER USDT | 268.03 | 17.04 | BTC/USDT |
| 5 | LITECOIN LTC | 216.24 | -12.37 | LTC/KRW |
| 6 | ZCASH ZEC | 192.89 | -5.04 | ZEC/BTC |
| 7 | ETHEREUM CLASSIC ETC | 191.34 | 32.31 | ETC/KRW |
| 8 | RIPPLE XRP | 109.59 | -58.51 | XRP/KRW |
| 9 | QTUM QTUM | 97.38 | 41.66 | QTUM/KRW |
| 10 | NEO NEO | 96.80 | -36.69 | NEO/BTC |
| TOTAL | 3,658.26 | -9.49 | ||
| OTHERS | 576.74 | 3.11 |
QTUM recorded the biggest volume growth of 41.66% moving up one spot to No.9 spot, while XRP recorded the biggest loss of 58.51% of investors attention and five spots to No.8 spot. Our dominant pairs show an 80% CRYPTO/FIAT pairing with a negative effect on the market cap indicating outflow of funds. Combined volume was $3.6Billion a 9.49% decrease, and an 87.38% of total volume traded, while the remaining cryptos traded $576.74Million a 3.11% increase in investors attention.
NEW LISTINGS
| COIN | SYMBOL |
|---|---|
| Salt | SALT |
| Target Coin | TGT |
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NEWS
-South Korean Regulator Issues ICO Ban-CoinDesk
-Russia May Ban Bitcoin Payments Entirely: Deputy Finance Minister -CoinTelegraph
I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE, RESTEEM and FOLLOW for MORE. THANK YOU FOR YOUR ENCOURAGEMENT.
HAVE A PROFITABLE INVESTING DAY!
SOURCE:CoinMarketCap
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