Crypto market daily report – July 10, 2018
The cryptocurrency markets experienced a rapid downturn on Tuesday morning, where practically all the gains made over the past few days were erased in a matter of hours.
The cryptocurrency markets experienced a rapid downturn on Tuesday morning, where practically all the gains made over the past few days were erased in a matter of hours.
The cryptocurrency markets maintained the slight gains achieved over the weekend, although there was a small retracement on Monday morning at press time.
The cryptocurrency markets continued to trade sideways over the past 24 hours with most of the major coins showing very little movement either way.
The cryptocurrency markets continued to experience negative sentiment over the past 24 hours, with all of the top 10 coins registering a decrease.
The crypto currency markets began a slight recovery on Monday morning after a disastrous weekend, when BTC dropped below the $6,000 mark for the second time this year.
After experiencing a mini rally over the past few days, Friday saw familiar territory for cryptocurrencies as the vast majority of the top coins experienced steep losses.
The DOJ is reportedly looking into certain practices that affect prices, including the flooding of the market with fake orders in an attempt to convince investors to sell or buy more cryptocurrency.
Sentiment for Bitcoin Cash is still bullish with the price around $1,280, and a rebound could be seen very soon as markets recover amid positive sentiment.
After a relatively quiet day where the major cryptocurrencies had seen good gains and consolidation, a steep drop on Thursday afternoon saw the whole gamut of currencies go down by large margins.
A combination of bad news, FUD and a general negative sentiment pulled the cryptocurrency market down yet again on Tuesday, with BTC dropping further to flirt with the $9,000 mark.
All major currencies were down, with BTC experiencing another drop to below the $9,000 mark after having briefly flirted with $9,500 over the weekend.
Thursday could have been the defining point in the end of the three-month bear market for cryptocurrencies as a huge revival pushed the price of SegWit-Coin BTC up of around 18% in just 30 minutes.