The first major downward trend in 2019 is here. Today, we are reporting on the latest digital currency news while seeing the entire market and its sluggish movement. However, just as we see the entire cryptocurrency market and its bad performance, we can also see that Bitcoin Cash, Ethereum and Litecoin are the biggest losers in the top 10 altcoin market.
In more detail, we can see that all BCH, ETH and LTC have fallen by more than 10% overnight.
Bitcoin Cash (BCH) was the biggest loser, falling by around 15% and dropping to $137. Despite the hopes of BCH supporters that the price of the altcoin may climb to $200 soon, Bitcoin Cash is now far from that point.
Ethereum (ETH) is next, falling to $134 overnight and losing more than 11% of its value. Even though Ethereum’s market cap is significantly greater than the fourth-placed altcoin by market cap Bitcoin Cash, it is still far from what we saw in 2017 during the best days for the market.
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Litecoin (LTC) also dropped big time, falling to $35 and measuring a decline of more than 11%. Currently, Litecoin is at the seventh position of cryptocurrencies with largest market caps and its daily volume has substantially increased to $578 million over the past 24 hours.
The total cryptocurrency market cap is right now at $127 billion, losing more than $10 billion overnight in the downward trend that was initiated by Bitcoin (BTC) and its drop to $3,750.
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