New Round of Losses for The Crypto Market, Bitcoin Still On Top

Monday brought in a new round of losses for both Bitcoin and most major altcoins today.

  • Crypto market on the reds and testing support
  • Bitcoin dropping but dominance on a new 7-month high
  • Altcoins still haven’t recovered

Bitcoin is making a correction and is now changing hands at $5689 with a loss of -1.68%. During the early Asian trading session, it was trading over $5700 before pulling back to its current price. Its dominance remains at an all-time high at 55.7%. Its currently leaning on a technical bearish trend. This is the second day that Bitcoin has been dropping prices after a phenomenal growth last week. The market capitalization remains over $100 Billion and the trading volume is a touch below $15 Billion.

Bitcoin chart 05/06/2019

Ethereum which has been bearish for two days now was seen recovering at $165 during the early hours of the Asian trading session but fell back again to its current price at $163.86. It has gained a minimal 0.27% though and is anticipating more gains ahead of Bitcoin. The second biggest coin in the market cap list is ahead by $4.8 Billion against XRP which has been tailing with more losses today at $0.299 and a loss of -1.08% on the day.

Ethereum Chart 05/06/2019

The rest of the Top 10 remains red with Binance Coin on the lead. BNB lost -3.81% on the day to trade at $22.00. Litecoin has likewise dumped a bit with a -3.77% loss.


Top 100 Crypto Market Movers



The Top 25 has one coin going against the trend. TRON is on the green with a marginal 0.93% gain on the day.

The rest are all red with Basic Attention Token dumping -6.01%, and Crypto.com Chain along with Cosmos are both at 4% losses on the day.

Down the Top 100 where the usual biggest market moves are, the assets are mostly red with a few sprinkling of marginal greens. Loopring holds the honor of being the biggest mover on the upside at 9.27% gain while Maximine Coin -our serial pump and dump asset is now at a loss of -19.91%.

Anyhow, this is today’s market recap to give you a glimpse of what happened on the crypto markets while you were sleeping. Trade safe, and have a great Friday!


Your donations help me to keep creating this stuff regularly. If this crypto market recap helped you in some way, please consider supporting my work by sending some coins to any of the addresses below.

Bitcoin
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Bitcoin Cash
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Ethereum
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