Crypto markets the licking of wounds from a new year low; The profits are marginal, as all coins are still on the ground.
A few hours ago, crypto markets fell to their lowest level since early August 2017. Market capitalization tumbled dangerously to $ 100 billion, reaching another 2018 low. At the moment it bounces off the ground, but the view is bleak.
Following its mid-week break below $ 4,000, Bitcoin dropped to a new low for the year of $ 3,280 a few hours before recovering somewhat. BTC's market capitalization fell below $ 60 billion, a 16-month low, as all other crypto currencies were dragged into the digital abyss. By the time of writing, BTC had recovered to $ 3,470.
Ethereum fell to just over $ 80, which has not been seen since April 201
The top ten are mostly green at the time of writing, but after two days of heavy losses, these gains are insignificant. As evidence of the dire conditions in Crypto Land, Tether enters the charts with static market capitalization and is currently ranked fifth at the time of writing. Bitcoin Cash and Bitcoin SV are constantly swapping places, and EOS and Cardano are disappearing as their market capitalization collapses.
Most of the top 20 coins jump from the lows they reached yesterday in late trading. Nem, Etherem Classic and Tezos seem to be recovering stronger, while Binance Coin and Dogecoin are not moving.
Fomo-powered pumps are pretty much irrelevant in the game at the time, but Factom, Revain, and Aeternity Session are already up there during Asian morning trading. At the red end of things, the DEX has hit, and even Bitcoin SV is in pain today.
The total capitalization of the crypto markets had dropped to a new 2018 low of just over $ 103 billion before recovering somewhat. At the time of writing, markets had returned to over $ 110 billion, which is still the lowest value they have had throughout the year.
In less than a month, half of the cryptocurrency market had been wiped out as it had fallen from over $ 200 billion. This time last month, it had reached well over $ 100 billion.
FOMO Moments is an area that takes a look at the top 20 coins every day during the current trading day and analyzes the best performances, looking for trends and potential foundations