Checking the charts doesn’t feel good these days. Today the market dipped huge and is showing the biggest 24 hour decrease in the last several weeks.
Total Market Capitalization:
Not pretty much to say today about our total market capitalization chart: decreasing all day long showing an decrease of more than $41 billion USD, from more $373 billion USD total market capitalization 24 hours ago to barely more than $332 billion USD total market capitalization at time of writing:
Dominance (Percentage of Total Market Capitalization):
Following this dominance charts for the past several months it seems like Bitcoins dominance grows quite substantially in times the market isn’t doing great. On an increasing market like we see lately Bitcoins dominance seems to decrease while those of altcoins seem to rise.
| Cryptocurrency | Dominance |
|---|---|
| Bitcoin [BTC] | 39,28% |
| Ethereum [ETH] | 17,71% |
| Ripple [XRP] | 7,08% |
| Bitcoin Cash [BCH] | 5,21% |
| Litecoin [LTC] | 2,04% |
| IOTA [MIOTA] | 1,20% |
| NEO [NEO] | 1,04% |
| Dash [DASH] | 0,82% |
| Monero [XMR] | 0,82% |
| NEM [XEM] | 0,72% |
| Others | 24,07% |
Top 15 chart (measured by their Market Capitalization):
Reflecting todays huge dip we aren’t able to spot a single green number in our top 15 chart. Worst performing Cryptocurrency in our top 15 chart is IOTA [MIOTA] with an decrease of more than 16% over the course of the last 24 hours followed by EOS [EOS] showing an decrease of nearly 16% today:
Top Gainer Today (out of the Top 100):
Like the resent huge dip would suggest green numbers are rare today even in our top 100 chart we are only able to spot two green numbers with the best performing Cryptocurrency being Skycoin [SKY] with an increase of more than 25% over the course of the last 24 hours followed by Bitcoin Private [BTCP] showing an increase of more than 11% today:
Top Loser Today (out of the Top 100):
Worst performing Cryptocurrency in our top 100 chart, measured by their market capitalization, is Polymath [POLY] with an decrease of nearly 21% over the course of the last 24 hours followed by IOStoken [IOST] showing also an decrease of nearly 21% today:
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What do you believe has caused this DIP in the last 24 hours?
I'm not quite sure to be honest that's why I didn't wrote anything. I looked into it and the only real relevant bad news I found was that Verge DDOS thing but can't really imagine Verge getting DDOS attacks leads to a +$40 billion decrease.
Like @neoxian pointed out in a conversation today the stock market also dipped huge today and it seems these markets follow each other.
I believe the lack of hype since the Consensus Summit or maybe another market manipulation that we experience often lately!
Great post check out my new post ;
https://steemit.com/verge/@garethm/verge-hacked-again-buy-th-dip
I just downvoted the comment by @garethm
@garethm - You clearly realize that "great post" is considered to be spam since I've replied to you 14 times before so I just gave your comment a 14% downvote*.
@elleok - You can remove this comment and everyone can whitelist me from appearing in future posts.
*If you continue posting in this way, I will continue flagging and the weight of my downvote will increase each time I reply until you stop. Please reply if my algorithm is mistaken.