Crypto market update: Cryptos keep bleeding but Bitcoin Cash comes out unscathed


  • The top three cryptos experienced significant losses.
  • Bitcoin Cash was the only prominent crypto which has been significantly profitable.

The crypto market continued to bleed in the early hours of Wednesday. Among the significant cryptos, Bitcoin Cash was the only coin which was somewhat profitable. Let’s take a closer look at how the top three did and then reveal the biggest winners and losers of the day, among the top 20 coins.

Top three coins

  • Bitcoin: BTC/USD has fallen from $10,878 to $10,630 in the early hours of Wednesday. This follows a heavily bearish Tuesday where the price fell from $11,400 to $10,878. The bulls must go back into the $11,000 zone to prevent further fall.
  • Ethereum: ETH/USD is on course of having three bearish days in a row and is currently priced at $208.65. Since Monday, the price has gone down from $216.50 to $208.65.
  • Ripple: XRP/USD went down from $0.298 to $0.296 so far this Wednesday. The bulls have to go back inside the $0.30 zone to prevent a further drop.

Biggest winners and losers (top 20 coins)

  • Bitcoin Cash (BCH) is the biggest winner among the top 20 with a 4.61% and is priced at $346.
  • Tezos (XTZ) is the biggest loser among the top 20, with a 7.30% drop in price. It is currently priced at $1.26.
  • Monero (XMR) went down by 6.08% and is priced at $85.63.
     

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Ethereum 2.0 sees ray of hope after multiple delays and internal conflicts

Ethereum price showed an excellent bullish outlook as it rallied from the range low to retest a resistance level just below the range high. While this upswing was stellar, it might be coming to an end as the Momentum Reversal Indicator (MRI) flashed a sell signal.

More Ethereum News

XRP price lacks enthusiasm as Ripple shows no signs of hope in resolution with SEC

XRP price appears to be consolidating after a rally of 50% since its swing low on July 20. New development on the Securities & Exchange Commission (SEC) case against Ripple Labs has revealed that the lawsuit is likely to continue, with no end in sight. 

More Ripple News

Cardano Price Prediction: ADA bulls attempt retest of $1.50

Cardano price is currently hovering around a crucial support level, but a minor pullback before a new leg up seems likely. Therefore, investors can expect ADA to correct critical demand barriers.

More Cardano News

Dogecoin price might slide 20% as on-chain metrics scream sell

Dogecoin price set up multiple higher highs since July 17 but is currently showing weakness, indicating a shift in trend. On-chain metrics suggest that losing a critical support level might trigger a slew of selling pressure, pushing DOGE lower.

More Dogecoin News

BEST CRYPTO BROKERS/EXCHANGES



Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP