After a weekend of minimal activity, the latest Bitcoin news show that the crypto markets dumped a batch of billions for the third time in three days. Bitcoin was leading the way in the new dump, where more than $5 billion were lost in a matter of hours since yesterday.
The latest purge resulted in a new total market capitalization of 7 billion before recovering to 8 billion today.
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Bitcoin was among the biggest losers, losing key support at $3,600 and hitting an intraday with a yearly low of $3,545 a few hours ago. It is currently trading at the bottom of its range and is down 2% on the day.
As usual, Ethereum has been hit harder with a 5% dump, pushing its price to $116 before making an attempt at recovery at $119. Currently, ETH is trading at $118 and the gap between XRP (which is second) and ETH is now almost a billion dollars again, since Ripple (XRP) recovered much quicker.
Altcoins have also decreased in terms of price, wiping out all the gains and posting new lows. Some of the most important losers were Bitcoin Cash, Bitcoin SV and Litecoin which are shedding the most during the Asian trading session with losses from 6% to 8%.
Overall, TRON (TRX) is the top performing altcoin in this crypto bloodbath. Even though many of the cryptocurrencies have come to their yearly lows in 2019, TRX managed to sustain and even rise by 4.75% overnight, now trading at $0.023 with a market cap of $1.60 billion and a volume of $342 million over the past 24 hours.
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