RATE Group | Cryptocurrency Market Update: Polymath Pumps on Binance Listing
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Cryptocurrency Market Update: Polymath Pumps on Binance Listing

01 Aug Cryptocurrency Market Update: Polymath Pumps on Binance Listing

Posted at 10:22h in Cryptocurrency News by

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Markets are back in the red; Polymath is pumping but Cardano, EOS and Stellar are getting hammered.

The bears have regained control of crypto markets and the selloff has accelerated today. Market capitalization has fallen further, dropping below $290 billion as altcoins get offloaded. Recent SEC rejection of the Winklevoss ETF may have sparked a wave of panic selling following a week of gains.

Bitcoin has dropped 1.3% over the past 24 hours falling back to $8,060, further bearish pressure could send it below $8k over the next few hours. Ethereum has taken a 3% hit on the day dropping its price to just below $450.

Altcoins are getting battered at the moment with the top ten all in the red. Cardano is getting spanked the hardest with a 9.7% slide to $0.143, closely behind is EOS and Stellar both losing around 9%. The recent rally seems to have run out of steam as things start heading south once again.

Looking at the top twenty Tron is losing the most with a 6% drop to $0.034. Neo, Nem and…

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