We have not had such a slump as we are just witnessing here in 2020. World markets report the biggest slump in recent months within one day. The loss on the whole cryptocurrency market is $ 84 billion. Bitcoin will have to defend $ 7,000. We will also look at Ethereum, which did not hold $ 200 and Litecoin, which did not hold $ 50.
Crypto markets currently has a total market value of $ 222 billion. We have erased another $ 17 billion since yesterday’s survey, and we do not remember such a slump in 2020. The decline from high in 2020 is $ 84 billion and bitcoin dominance is 63.7%.
The best growth yesterday was:
It was really massacre yesterday again! Only 3 coins were the top 100 of the capitalization plus, so here we have them.
Synthetix Network Token (SNX) $0,753799 USD (20,48%)
Quant (QNT) $3,11 USD (3,20%)
Ethereum Classic (ETC) $6,80 USD (0,91%)
The biggest drop was recorded:
The whole market in a downturn, this is the most critical situation we have seen so far in 2020. Even the largest altcoins have written off up to 7% – 15%. Yesterday, the biggest market slump recorded:
Hedera Hashgraph (HBAR) $0,046640 USD (-15,64%)
Ren (REN) $0,067598 USD (-15,70%)
v.systems (VSYS) $0,034433 USD (-15,16%)
Swipe (SXP) $0,876455 USD (-14,75%)
All datas are from coinmarketcap.com
World markets yeterday
DOW J.: -7,79%
[BTC / USD] In 2020 to present value: + 10.1%
Bitcoin dropped significantly from nearly 50% appreciation in 2020 and is now just above 10%. In connection with the momentary fall of the world market, which has a big impact on the value of Bitcoin, we see a 15% fall in 2 days. We did not maintain the value of $ 9,100 or the $ 8,000 support yesterday. We are currently at $ 7,800 and the bears will want to drop to $ 7,300 support. Positive news has subsided and everyone’s eyes have turned to world markets and the fight against coronavirus. We see the current resistance at $ 8,000 – $ 8,200, the other at $ 8,700 and $ 9,100.
[ETH / USD] In 2020 to present value: +55.8%
Since high in 2020 we have seen a loss of up to 30%. Yesterday the bulls did not keep the $ 200 value on ETH. Yesterday, we claim a 6.45% loss. We were on top at $ 285 this year. The slump may not seem so critical, but if we realize that it all happened in 19 days, then this slump is already critical. At Ethereum, we are not used to such sinks. The closest support is now at $ 183 and below it we have support at $ 158.
[LTC / USD] In 2020 to present value: + 19.75%
Litecoin lost up to 8.27% yesterday and we lost $ 50. Currently we have not received 54 support and the nearest one will be up to $ 40. Since this year’s high, LTC has fallen by 41%. Bitcoin is aiming at $ 7,300 and LTC’s support is up to $ 40, which at today’s cost represents a potential fall of less than 20%. Unfortunately, we do not currently have positive news and the market is more pessimistic. The world markets are in a very similar way and there is no good mood either.
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