Reserved IP Address°C
11-03-2024
BSV
$47.35
Vol 14.61m
-3.62%
BTC
$68514
Vol 24026.04m
-1.34%
BCH
$341.7
Vol 285.55m
-1.19%
LTC
$67.54
Vol 256.45m
-4.05%
DOGE
$0.14
Vol 1818.78m
-4.87%
Getting your Trinity Audio player ready...

The bullish momentum that seemed to have taken over the cryptocurrency markets last week appears to have fizzled out over the past 24 hours as almost all major cryptocurrencies posted losses. Bitcoin Core (BTC) was down by around 2% to trade at around $3,920 at press time, although further falls were expected even due to the low turnover that was prevalent over this period.

Ethereum (ETH) was also down by around 2%, trading at the $133 mark at press time on Tuesday although here the movement was not too pronounced. All other coins with similarly large market caps posted declines with these ranging from a minimal 0.2% in the case of EOS up to around 4% in the case of BCHABC, which was once again well down to around $157 at press time.

Ripple (XRP) was also a casualty of this bear market and was down by another 2% to slip below the $0.30 level for the first time this month. Litecoin (LTC) was also down by 2% to the $58.40 level and seemed to be retreating more from the psychologically significant $60 mark that it had breached with ease last week. Bitcoin SV (BSV) was down by 1% to the $64 level, whilst IOTA was down by around 3% to the $0.29 level.

Currencies with smaller market caps also saw declines, which, in some cases, proved to be considerable. Cardano (ADA) dropped by 2% and went below the $0.06 level, whilst Stellar (XLM) dropped a heftier 4% to just below the psychologically significant $0.10 level. NEO was also down by 2% to dip below the $8.90 mark and was trading at around $8.82 at press time on Tuesday. ICX and FET were down by 8 and 4% respectively, whilst Ethereum Classic (ETC) retreated by around 3% to the $4.64 level, and QTUM and VET also dropped by 6 and 4% respectively.

https://youtu.be/gBb9FSxfyVs

Recommended for you

This Week in AI: US tightens AI restrictions on China
The U.S. issued a rule restricting American investments in China, Hong Kong, and Macau, specifically within industries like AI, semiconductors,...
November 1, 2024
Vietnam sets blockchain vision for regional leadership
Vietnam's Prime Minister Ho Duc Phoc issued Decision No. 1236/QD-TTg, emphasizing blockchain's potential as a major driver of the Fourth...
November 1, 2024
Advertisement
Advertisement
Advertisement