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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.

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