Crypto market daily report – July 2, 2019

The cryptocurrency markets continued to experience a crash, which shows no sign of abating with new 30-day lows being tested continuously. SegWitCoin (BTC) fell below the $10,000 mark for the first time in a month and was trading at around the $9,850 mark at press time on Tuesday with further falls expected during the day. Ethereum (ETH) was another of the sufferers, dropping over 6% to the $279 level as further selling pressure continued to hit the market.

Bitcoin SV (BSV) also dropped below the $200 level to trade at around $187 at press time. Ripple (XRP) fell beneath the $0.40 level once again and was trading at around $0.388, whilst Litecoin (LTC) dropped by another 8% as it continued testing the low teens where it traded at around the $114 level at press time.

EOS was another currency which stock continued dropping where it was trading at around the $5.60 mark at press time. Cardano was down by 5% to just under the $0.08 level, whilst NEO dropped by a further 2% to the $16.45 mark on Tuesday. Stellar (XLM) was also in steep decline where it dropped by a considerable 6% to the $0.10 mark and appeared perilously close to drop to single digits.

Currencies with smaller market caps also experienced considerable declines with FTM and ALGO dropping by around 15% each. Others that also saw drops in this sea of red included LINK which was down by a more modest 2% to the $3.42 mark, whilst BCHABC continued declining beyond the $400 support level where it traded at the $283 mark at press time. BTT was also down by a considerable 11%, whilst Ethereum Classic (ETC) continued dropping and traded at the $7.50 level at press time with further falls expected. IOTA, HOT, VET and ATOM also experienced sharp drops ranging from 6% to 12% overall.

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