Crypto Market Wrap: Another $5 Billion Dumped as New 2019 Lows Are Hit

Market Wrap

Crypto markets dumped for the third time in three days, Ethereum, BCH and BSV hurting, Tron recovering.

Following a weekend of very minimal activity on crypto markets a third wave has dumped another $5 billion from them late on Sunday. This latest purge, the third in as many days resulted in total market capitalization dropping below $117 billion before recovering a little today.

Bitcoin has fallen through key support at $3,600 and hit an intraday, and yearly low of $3,545 a few hours ago. BTC is currently trading at the bottom of its range, down 2% on the day at $3,590. Analysts are predicting further losses over the coming months and the 2019 rally is now officially over.

As usual Ethereum has been hit harder with a 5% dump back to $116 before it made an attempt at recovery to $119. Since its high of $160 ETH has dumped over 25% and even Constantinople cant rescue it at the moment. The gap between XRP in second is now almost a billion dollars again as the Ripple token…

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2019-01-14 08:00:34

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