RATE Group | Cryptocurrencies cannot find buyers after Monday’s selloff
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Cryptocurrencies cannot find buyers after Monday’s selloff

10 Mar Cryptocurrencies cannot find buyers after Monday’s selloff

Posted at 10:10h in Cryptocurrency News by

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After the massive cryptocurrency correction that started last Saturday and concluded yesterday, the crypto sector had lost over $40 billion in market capitalization. So, it was common sense to expect a bounce today, as is happening in the stock market worldwide, but it is not happening yet. Bitcoin (+0.14%) had a short 2% recovery from its $7,750 bottom, and most of the sector is still trying to find a bottom. The 24H heat map shows red across the chart, with slight glimpses of green. The most bullish is Steem (+18.2%) and MonaCoin(+7.6%), whereas all major coins are in the red compared to their 24H value, but also for the day. Ethereum Tokens are also mostly in the red, although there are notable exceptions, such as SNX (+9.4%) REP(+7.6%) and MKR(+3.9%).

Chart

Fig 1 – Crypto Sector Heat Map

The Market Capitalization is down by 2.63 percent compared to the last 24H value and is now $224.575 billion. In the previous 24H, the traded volume was $53.16 billion, a…

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