Crypto markets continue to decline – bitcoin tests the $3,500 level

Crypto markets continue to decline – bitcoin tests the $3,500 level.

Image source: Shutterstock / Trijo News

Christian Ploog

christian.ploog@trijo.co

The world's biggest cryptocurrency bitcoin is currently trading at $3,569.

The crypto markets start the week at minus. At the moment, around 90 of the 100 biggest cryptocurrencies show red numbers.

The market cap for all cryptocurrencies has also fallen recently by several billion dollars and is currently at $119 billion.

When we look at the biggest cryptocurrencies, all of them show red numbers in the last 24 hours. Ethereum (-6,38%), eos (-5,49%) and bitcoin cash (-5,62%) have declined the most, but also bitcoin (-4,34%) and xrp (-3,59%) have lost in price.

Bitcoin might continue down

The world’s biggest cryptocurrency bitcoin is currently trading at $3,569. According to the cryptocurrency trader Donalt, bitcoin is likely to continue to fall to $3,400.

“3500 has acted as support three times already if it is hit another time I’d expect it to break. Finally approaching a level ($3400) that I might trade again. Until then still sitting tight fully hedged”, he writes on Twitter.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were buggyra coin zero (+75,38%) and tenx (+23,41%), and the ones that performed the worst were holo (-15,51%) and aurora (-15,06%).

Asset: Price: % (24h)*
Bitcoin $3 569,85 -4,34%
Xrp $0,317576 -3,59%
Ethereum $116,27 -6,38%
Bitcoin cash $121,87 -5,62%
Eos $2,34 -5,49%

*All numbers in this article are from Coinmarketcap.com.

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