This Tuesday’s round of Ethereum news is not quite positive – mostly because of Ethereum’s downward trend over the past 24 hours – which led the second largest cryptocurrency by market cap below the $200 mark as the market is preparing for action this Tuesday.
Ethereum (ETH) has been on an ascendant trajectory. After dropping to $175 last week, it climbed to $225 at one point over the weekend and stabilized at the $200 mark into Monday afternoon. However, ETH is now down to $197 from yesterday, when a surge in its sell volume forced it to drop below $200 on the leveraged trading platform BitMEX, before recovering to the present value of $197.
Still, Ethereum is now down 10% for the day and trades with a market cap of just over $20 billion. However, it is not the only altcoin that was in the red again – EOS, IOTA, TRON, NEO and Ethereum Classic all followed the trend and pulled back by about 8%.
Bitcoin is also sluggish and recently declined under 4% to $6,293 which is its price at the moment of writing. The flagship cryptocurrency is now even closer to the 60% market share, being at 56.4% and dominating the market more and more each month.
What do you think will happen with the top 10 cryptocurrencies? Is there a surge coming – or we should be prepared for another drop? Let us know in the comments!
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