The cryptocurrency market is in a steady decline this Monday morning. A few altcoins have been gaining including Tezos, Digibyte, and Mixin among them.
Right now, it seems like the weekend momentum has come to a halt on Monday and markets pulled back a little. The total market capitalization came closer to $280 billion but has fallen back.
Bitcoin reached $6,800 after which it remained just under this margin at $6,780. The lack of bullish action, according to analysts, is what pulled most of the other altcoins into the red again.
Ethereum, on the other hand, has pulled back 1.5% in the past 24 hours to trade at $485. Most of the altcoins are now in the red and have lost the gains that they made over the weekend.
Right now, EOS is marking the biggest decline in the top ten, falling by 4.5% on the day to $8.60. This puts back at a similar level to the same time last Monday, where trade volume over the past day has remained at around $500 million.
VeChain is the biggest loser in the top twenty – with a 4.8% fall on the day to $2.48. Meanwhile, OmiseGO and Ontology have both lost between 5% to 6% wiping out all gains over the past 48 hours.
The total crypto market cap has shrunk by 1.3% on the day, coming closer to $273 billion. The daily trade volume has also fallen from $12 to $11 billion, indicating another slowdown in momentum. The next direction is hard to predict as neither bears or bulls are getting the incline at the moment.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
Bitcoin Cash Drops Again By 15 Percent While Other Cryptocurrencies Take A Stronger Hit
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- Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
- Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
- TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
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