RATE Group | Cryptocurrency Market Update: Bitcoin Dominance Reaches New 2018 High
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Cryptocurrency Market Update: Bitcoin Dominance Reaches New 2018 High

11 Sep Cryptocurrency Market Update: Bitcoin Dominance Reaches New 2018 High

Posted at 11:12h in Cryptocurrency News by

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Altcoins are still suffering; Cardano, Nem and VeChain still dumping, Emercoin and Waves rising.

There has been virtually no movement in the crypto markets over the past 24 hours. They are still thoroughly depressed and in their worst state for over a year. Total market capitalization is still below $200 billion and close to its lowest level for 2018.

There has been barely any action on the Bitcoin front as it remains at the same level as yesterday, $6,350. BTC is consolidating just below the key $6,400 resistance level and a bearish continuation pattern appears to be forming. Ethereum continues to slide with another 2% lost today to bring its price just below $195. Low ICO funding and general lack of confidence in the markets is making things worse for Ether.

Altcoins continue to tumble with the majority of them in the red once again this morning. Yet again Cardano is taking the biggest dive in the top ten with a 5% loss to $0.072. Since its all-time high ADA has dumped a colossal…

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