RATE Group | Cryptocurrency Market Update: Dogecoin Continues to Defy The Drop
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Cryptocurrency Market Update: Dogecoin Continues to Defy The Drop

08 Sep Cryptocurrency Market Update: Dogecoin Continues to Defy The Drop

Posted at 08:57h in Cryptocurrency News by

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Markets are still very depressed; Dash and Dogecoin defying the drop.

There has been no recovery from this week’s big crypto selloff and markets are still down. Very little movement has occurred over the past couple days which leaves markets at just over $200 billion, very close to their yearly lows.

Bitcoin found support at $6,400 and moved up slightly to $6,500 however over the past 24 hours it has remained flat. The next major resistance level for BTC is around the $6,600 mark. Ethereum has continued to slide and is at its lowest point for over a year. ETH shed another 4% on the day and is just below $220, a fall below $200 could be very bad for the world’s second largest crypto.

Altcoins are still bearish and mostly in the red at the moment. ETH is the biggest loser in the top ten but Bitcoin Cash, Cardano and Monero are all down over 2.5% also. The rest are pretty flat with very small declines.

The top twenty is also inactive with only two altcoins making a move. Dash has…

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