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Cryptocurrency market update: Cryptos bleed heavily as bears dominate

  • Top three coins experience major losses.
  • Tron (TRX/USD) was the biggest loser among the top 20.
Cryptocurrency market update: Cryptos bleed heavily as bears dominate
Rajarshi MitraRajarshi MitraIndependent Analyst

The markets faced bearish correction this Friday as a majority of the coins saw losses. 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 trending in a flag formation following two straight bearish sessions. The price fell from $11,985 to $11,890.
  • Ethereum: ETH/USD suffered two straight bearish days. This Friday the price fell from $221 to $209.80.
  • Ripple: XRP/USD had four straight bearish days as the asset fell below $0.30 this Friday. Over the day, the asset fell from $0.309 to $0.294.

Biggest winners and losers (top 20 coins)

  • Tron (TRX) went down by 8.25% and is priced at $0.0199.
  • Cardano (ADA) went down by 7.64% and is priced at $0.0478.
  • IOTA (IOT) went down by 6.75% and is priced at $0.252.

Author

Rajarshi Mitra

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
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