Momentum stalls, market takes a dip. Bitcoin fighting at $5,000


In the last few hours the crypto market has taken a sharp dip, with some coins being more affected than others. It seems Bitcoin lost momentum at about $5,300, and has fallen to below resistance at $5,000.


Coin Market Capitalization/Bitcoin Dominance

Right now the market is at $171,595,577,433, down a bit from an earlier high of over $185 billion. Having dipped recently below 50%, Bitcoin dominance is back up a bit to 51%.

Current price of Bitcoin: $4,996.06.

Top 10

After a generally solid day, the top 10 are having mixed responses to this dip. Bitcoin Cash (BCH), due to its already exceptional performance, is still up an impressive 22.12% to $304.21. Litecoin as well, is till up 10.42% and is at $86.51. XRP however did begin to slide into red for the day, down -3.69% to $0.343, and Binance Coin (BNB) saw -3.36% losses to $19.08.

Read more: BCH and LTC lead next leg of bull run; MXM deflates

Biggest Winners/Losers

In the top 100, the aforementioned Bitcoin Cash is still leading the pack, but not far behind is Revain (R) with 20.91% upside to $0.164. By far hardest hit today was Maximine Coin (MXM), dropping -48.04% to $0.076. After that KuCoin Shares (KCS) slipped just -17.76% to $1.70.

As this is written, Bitcoin is struggling to get back above $5,000 and much of the market is sharing its own struggle. Still, if we find support here, it could be a very healthy level for more growth in the coming days. As ever, stick with Chepicap for any and all updates!

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