How Low Will It Go? Bitcoin Drops To Yearly Low - Today's Crypto Report
Bitcoin (BTC) continued it's plunge to it's lowest price this year dragging the rest of the cryptocurrency markets down with it. It's down 3,79% and is currently trading at $5,911.90 on Coinbase. Many experts see a BTC bottom at around $5,000, with even some calling for below the $5,000 region, but, unless the market fails to rebound at all and show no signs of mid-term recovery, it is difficult to see BTC dropping below $5,000. Many Institutional investors have been waiting on the sidelines for a good entry point to the cryptocurrency markets. Investors like these often develop strong interest in an asset or a commodity that has dropped around 75% percent in value because it represents a good buy opportunity that could generate strong gains in the next 12 to 24 months. Bitcoin has seen very similar movements in 2010 and also in 2014 and every correction has led to Bitcoin rebounding past its previous all-time highs.
Here's what's going on in the crypto markets today;
Top cryptocurrencies by market cap:
#Ethereum (ETH) is down 5.90% and is currently trading at $445.36
#Ripple (XRP) is down 5.93% and is currently trading at $0.459841 #Bitcoin Cash (BCC) is down 8.85% and is currently trading at $690.72 #EOS (EOS) is down 12.70% and is currently trading at $7.33 #Litecoin (LTC) is down 7.68% and is currently trading at $77.74
#Stellar (XLM) is down 8.20% and is currently trading at $0.184102
#Cardano (ADA) is down 9.31% and is currently trading at $0.125823
#Tron (TRX) is down 7.45% and is currently trading at $0.040598 #IOTA (MIOTA) is down 5.81% and is currently trading at $0.955953
Today's top % gainers:
#WaykiChain (WICC) is up 15.08% and is currently trading at $0.453145
#BnkToTheFuture (BFT) is up 4.07% and is currently trading at $0.129706
#Loopring (LRC) is up 1.11% and is currently trading at $0.312401
#Dragonchain (DRGN) is up 0.78% and is currently trading at $0.359162
#Decentraland (MANA) is up 0.24% and is currently trading at $0.094456
Today's biggest % losers:
#Populous (PPT) is down 19.95% and is currently trading at $4.84
#CyberMiles (CMT) is down 17.63% and is currently trading at $0.128915 #Game.com (GTC) is down 16.32% and is currently trading at $0.108711
#Kin (KIN) is down 16% and is currently trading at $0.000114
#Bytom (BTM) is down 15.71% and is currently trading at $0.347069
