Monday Morning Crypto Report
Over the weekend, Bitcoin (BTC) dropped to it's lowest price this year dragging the rest of the cryptocurrency markets down with it. The dust has settled momentarily from the bloodbath the markets saw this weekend and this morning Bitcoin is up 4.59% and is currently trading at $6,194.45 on Coinbase. Many experts see a BTC bottom at around $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 2.26% and is currently trading at $455.78
#Ripple (XRP) is down 4.58% and is currently trading at $0.484760 #Bitcoin Cash (BCC) is down 8.66% and is currently trading at $755.46 #EOS (EOS) is down 10.86% and is currently trading at $8.17 #Litecoin (LTC) is down 3.55% and is currently trading at $81.02
#Stellar (XLM) is down 3.47% and is currently trading at $0.191808
#Cardano (ADA) is down 5.73% and is currently trading at $0.133335
#Tron (TRX) is down 4.74% and is currently trading at $0.042615 #IOTA (MIOTA) is down 4.28% and is currently trading at $0.998034
Today's top % gainers:
#WaykiChain (WICC) is up 44.55% and is currently trading at $0.653953
#Theta Token (THETA) is up 29.87% and is currently trading at $0.144185
#Cortex (CXTC) is up 26.43% and is currently trading at $0.619815
#Ontology (ONT) is up 18.17% and is currently trading at $5.34
#Monero (XMR) is up 12.85% and is currently trading at $126.34
Today's biggest % losers:
#GXChain (GXS) is down 5.50% and is currently trading at $2.53
#DigixDAO (DGD) is down 3.21% and is currently trading at $91.96 #Emercoin (EMC) is down 1.55% and is currently trading at $2.38
#Decentraland (MANA) is down 1.47% and is currently trading at $0.093724
#BnkToTheFuture (BFT) is down 1.45% and is currently trading at $0.126859
