Crypto Market Watch: Bitcoin Price Down $500, Back Below $10,000

It appears that bears have taken control over the market momentum as Bitcoin, as well as almost all other major cryptocurrencies,  are on a decline. At the time of writing, Bitcoin’s price is hovering around $9700 and $9,800, marking a 2.82% loss on the trading day. 

Major altcoins are also bleeding apart from EOS which sees slight gains of about 2%.  ETH and XRP are charting losses of 1.98% and 1.28% respectively trading around $207 and $0.308. 

The total market cap is ~$266 billion | Bitcoin’s market cap is ~$173 billion | BTC dominance at 64.9%

Major Crypto Headlines

TRON Down 13% After Justin Sun Postpones Lunch With Warren Buffett. TRON CEO’s Justin Sun has postponed his long-awaited lunch with Warren Buffet because of a sudden medical condition, namely – kidney stones. Following the announcement, TRX suffered a steep decline. 

TradingView Counts Over 2.5M Active Bitcoin Traders. The charting network for both cryptocurrency and conventional assets reportedly has over 2.5 million active bitcoin traders this year. It’s a serious increase from back in December 2018 when that number was 1.2 million.

US Senate to Hold Debate on Crypto, Blockchain Regulatory Frameworks. The regulatory situation with cryptocurrencies in the United States remains somewhat uncertain. However, the US Senate Banking Committee will hold a broader debate on the regulatory framework of crypto and blockchain.

Most Significant Winners and Losers

Proton Token (154.36%) 

While most of the coins and tokens in the market are painted in red, Proton Token (PTT) traders should rejoice as the token surged 154.36%% against the USD over the last 24 hours. At the time of this writing, Proton token is trading at $0.000715 with a market cap of $2,087,154. 

Smartshare (79.08%)

Smartshare (SSP) is the second biggest winner today. The token marked an increase of 79.08% against the USD and is currently trading at $0.001768. The Smartshare project has been gaining traction, and its daily volume has surged above $2.3 million. 

EveryCoin (-50.93%)

Everycoin (EVY) has taken a downturn. At the time of writing, the token is trading at $0.000110, down by over 50% against the USD in the last 24 hours. EVY began the day at $0.000224, hitting its highest mark at $0.000329 during the earlier hours of the day before the recording its current price. Daily trading volume also declined to $276,834 across all exchanges.  

The post Crypto Market Watch: Bitcoin Price Down $500, Back Below $10,000 appeared first on CryptoPotato.

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