Bitcoin Price Decline Makes Altcoin Market Caps Bleed
The bitcoin price crashed below $300 on October 5. Although it has since climbed back above the $300 mark, the bitcoin price has fallen 6% in the past 24 hours. Because altcoin prices are coupled to the bitcoin price, most altcoin market caps have fallen dramatically. Also Read: Analysis: Bitcoin Price Crash Below $300 - How Much Lower? Bitcoin Price Decline Makes Altcoin Market Caps Bleed. As the CoinMarketCap chart below demonstrates, altcoins have taken a huge hit over the past day. The bitcoin price decline caused nearly every altcoin market cap to fall by default. Additionally, many....
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Sunday's bitcoin price panic caused altcoin market caps to evaporate and made most altcoin prices drop as well. The litecoin price bore the brunt of the market's wrath, falling 7% and dropping the Litecoin market cap by almost $8 million in a single day. However, the bitcoin price recovered, which in turn inflated many altcoin prices to previous levels. Nevertheless, although litecoin's market cap grew by 5%, its bitcoin trading pair price failed to recover. Also Read: Bitcoin Price Decline Makes Altcoin Market Caps Bleed. Litecoin Price Fails to Rebound from Bitcoin Price Panic. Monday's....
The current trend in the crypto market has seen investors reassessing their positions in digital assets such as bitcoin. As the market had boomed and the infamous altcoin season had blossomed, a lot of investors had flocked to smaller cap altcoins for some large gains. However, with these digital assets now in a decline, investors have had to find ‘safer’ alternatives which have brought them right back into the arms of larger caps like bitcoin. Small Caps Take A Beating Like with any declining market, small caps have borne the brunt of the losses. They have underperformed the other indexes....
Litecoin is one of the many altcoins whose prices have fallen over the past 24 hours. On Tuesday, the bitcoin price rallied, passing the $400 threshold and reaching $426.08 at press time. The bitcoin price increase has had a negative effect on altcoin prices. Most of the top altcoins have experienced price decreases in the past 24 hours. Bitcoin Price Explosion Leads to Altcoin Price Drop. The bitcoin price rose more than 16% on Tuesday, increasing bitcoin's market cap to ~$5.75 billion. Most altcoin prices are tied to the bitcoin price because bitcoin is the primary trading pair for....
Despite experiencing a price rut lasting for the majority of 2014, Dogecoin has clawed its way back up the cryptocurrency market cap charts. After rising 18% on September 4, The Dogecoin price has continued its climb. Over the past week, the Dogecoin price has climbed more than 40%. Now, Dogecoin sits fifth among altcoins in total market cap. CCN examines the Dogecoin price charts. Dogecoin Price Rally Continues. September has been a great month for altcoins. In general, most top altcoins have seen their market caps increase, even as the Bitcoin price has struggled. Top 20-altcoins such as....
Bitcoin has now seen declining prices following the El Salvador Bitcoin law. The flash crash that had cleared at least $400 billion off the crypto total market cap has left lingering effects on the price of the digital asset. The price had plunged from $50,000 to $42,000 in less than an hour, leading to an 18% loss in about 30 minutes. While bitcoin has since recovered from its lows from the crash, the asset has not been able to recover to previous levels before the crash. Though the crash had affected most of the market, mid-cap coins have recovered the most from this. The Mid Caps Index....