Crypto market update: Cryptos see red, Ethereum Classic defies expectations
- The top three coins experienced heavy losses over the last two days.
- Ethereum Classic defies market expectations and went up by 12% over the last 24 hours.
Bears have had a stranglehold on the market for the last two days, with Ethereum Classic being the only exception among the top 20. 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 is one course of having two bearish days in a row, following a heavily bullish Monday. So far, the premier cryptocurrency has gone down fro $10,790 to $10,175.
- Ethereum: ETH/USD has had two bearish days in a row where the price fell from $203 to $188.50. Bulls will be trying to stem the momentum and keep the price above $180.
- Ripple: Unlike Bitcoin and Ethereum, XRP/USD has had three bearish days in a row. Over the last three days, the price has fallen from $0.284 to $0.264.
Biggest winners and losers (top 20 coins)
- Ethereum Classic (ETC) has had a phenomenal 24 hours, as it went up by 12%, completely defying market expectations. Currently, it is trading for $6.23.
- Chainlink (LINK) was the biggest loser among the top 20 as it went down by 5.30% and is currently priced at $2.35.
- Dash (DASH) fell by 4.51% and is currently priced at $93.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
More from Rajarshi Mitra
