Bitcoin Finds Some Support At The $6,700 Level... What's Next? Today's Crypt Report
Bitcoin (BTC) has found some support at the $6,700 level after losing over 10% in less than an hour over the weekend. Some attributed this weekends correction in the cryptocurrency markets to a hack at Coinrail, a South Korean exchange, while other experts feel that the plunge over the weekend was just a correction as part of the larger downtrend that the cryptocurrency markets have been in. Bitcoin is down over 50% from it's January levels. It's up 1.15% over the past 24 hours and is currently trading at $6,881.71 on Coinbase. Many experts are conflicted as to whether Bitcoin will now drop to the $6,000 support level or whether it will quickly rally and bounce back to $7,600 or higher.
Here's what's going on in the crypto markets today;
Top cryptocurrencies by market cap:
#Ethereum (ETH) is up 0.85% and is currently trading at $538.06 #Ripple (XRP) is up 2.37% and is currently trading at $0.597130 #Bitcoin Cash (BCC) is up 0.97% and is currently trading at $947.59 #EOS (EOS) is up 0.05% and is currently trading at $11.23 #Litecoin (LTC) is down 0.05% and is currently trading at $107.28
#Stellar (XLM) is up 0.20% and is currently trading at $0.251387 #Cardano (ADA) is up 0.84% and is currently trading at $0.177119 #IOTA (MIOTA) is up 1.84% and is currently trading at $1.42
#Tron (TRX) is down 0.18% and is currently trading at $0.047575
Today's top % gainers:
#Ethereum Classic (ETC) is up 22.15% and is currently trading at $15.74
#CyberMiles (CMT) is up 17.01% and is currently trading at $0.260338
#Dropil (DROP) is up 11.25% and is currently trading at $0.006210
#GXChain (GXS) is up 9.78% and is currently trading at $3.84
#Bitcoin Diamond (BCD) is up 9.58% and is currently trading at $2.57
Today's biggest % losers:
#ZCoin (XZC) is down 4.91% and is currently trading at $23.73
#Populous (PPT) is down 4.64% and is currently trading at $8.62 #Ox (ZRX) is down 4.55% and is currently trading at $1.03
#Basic Attention Token (BAT) is down 3.96% and is currently trading at $0.223798
#Bitcoin Private (BTCP) is down 3.26% and is currently trading at $15.61
