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5 y

Market cap down by $10 billion; Top coins lose between 2% to 10%

The overall cryptocurrency market cap has been reduced by over $10 billion USD in a matter of a few hours. The fall which started at UTC 18:10 on August 18 continued for almost 5 hours, reducing some of the top cryptocurrencies by an average of 5%. Surprisingly, the trading volumes have also reduced with the decrease in price of the tokens. Usually, the trading volumes would spike when the coin prices took a drop. But this time, it looks like the crypto community is expecting another price drop soon. Cryptocurrency Nano (NANO), Vechain (VEN) and Ontology (ONT), in particular, have drawn the attention of crypto traders. The coins were the top gainers on August 17, with hikes in price between 30% to 70%. This had increased the coins’ trading volumes by several folds. However, the very next day, they were suddenly the worst performers, incurring losses between 15% to 20%. Alex Kruger, a popular crypto market analyst, said, “BTC was rejected at $6,600 and the whole crypto complex fell like a house of cards (10% - 20% this morning). A strong bounce out of massively oversold levels does not indicate a new bull run has started.” He further said that the ‘illusion’ of the returning bullish market trends was caused due to strong oversold conditions in the crypto market. This is why traders involved in what is known as ‘High risk, High return’ type of trading, which apparently didn’t work out as expected. Cryptocurrency At the time of writing, Bitcoin was down by 2%, which puts the Bitcoin price at $6412.3 USD. Most of the altcoins which are part of the top 20 coins by market cap suffered greater losses. Image via Shutterstock Join our Telegram group
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Meme Coin Launches Advertising Blitz Get the latest crypto and stock market news. Stay up-to-date with the latest trends and developments.
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Major Japanese Exchange Adds Support for Shiba Inu (SHIB) Coincheck has announced the addition of Shiba Inu (SHIB) to its trading services
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U.S. CFTC Approves Bitcoin Futures Platform Bitnomial's Derivatives Clearing Application The commissioners discussed issues like conflict of interest before ultimately voting in favor of the margined bitcoin futures company.
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U.S. CFTC Approves Bitcoin Futures Platform Bitnomial's Derivatives Clearing Application The commissioners discussed issues like conflict of interest before ultimately voting in favor of the margined bitcoin futures company.
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FTX Receives Authorization to Sell Billions Worth of BTC, ETH, and Sol FTX's legal team filed a request with the U.S. Bankruptcy Court for the District of Delaware, seeking approval to trade their cryptocurrency assets to repay creditors.
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Bitcoin vs. Marx: Two Competing Geopolitical Domino Theories Marxism and Bitcoin have one thing in common, the idea that a radical change in the structure of society will happen in a bottom up decentralized fashion. Which of them, if either, will succeed in that goal?
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Cronos, Partner of Crypto.com, to Start Layer 2 Network With Matter Labs The new "Cronos zkEVM chain" is launching initially as a test network, based on Matter Labs’ software tools, which can be used to spin up new layer 2 and layer 3 “hyperchains” atop Ethereum.
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Coins

#
FAV
NAME
PRICE
Portfolio
1H
24H
7D
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1
Bitcoin
Bitcoin
BTC
$ 64 379.48
$ - - - - -
( - - - - - )
Set your amount
OK
-0.01%
+0.28%
+3.51%
2
Ethereum
Ethereum
ETH
$ 3 140.27
$ - - - - -
( - - - - - )
Set your amount
OK
-0.18%
+0.04%
+4.90%
3
Tether USDt
Tether USDt
USDT
$ 1
$ - - - - -
( - - - - - )
Set your amount
OK
0.00%
+0.03%
-0.03%
4
BNB
BNB
BNB
$ 610.52
$ - - - - -
( - - - - - )
Set your amount
OK
-0.18%
+1.17%
+12.23%
5
Solana
SOL
$ 143.26
$ - - - - -
( - - - - - )
Set your amount
OK
-0.44%
-1.79%
+3.69%
6
USDC
USDC
USDC
$ 1
$ - - - - -
( - - - - - )
Set your amount
OK
-0.01%
+0.01%
-0.01%
7
XRP
XRP
XRP
$ 0.530108
$ - - - - -
( - - - - - )
Set your amount
OK
+0.37%
+1.23%
+8.66%
8
Dogecoin
Dogecoin
DOGE
$ 0.150765
$ - - - - -
( - - - - - )
Set your amount
OK
-0.22%
+0.64%
+2.14%
9
Toncoin
TON
$ 5.34
$ - - - - -
( - - - - - )
Set your amount
OK
-0.67%
-2.49%
-22.45%
10
Cardano
Cardano
ADA
$ 0.474602
$ - - - - -
( - - - - - )
Set your amount
OK
+0.17%
+0.53%
+6.66%
11
Shiba Inu
SHIB
$ 0
$ - - - - -
( - - - - - )
Set your amount
OK
-0.58%
+2.85%
+16.84%
12
Avalanche
AVAX
$ 35.50
$ - - - - -
( - - - - - )
Set your amount
OK
-0.34%
-0.86%
+4.69%
13
TRON
TRON
TRX
$ 0.117305
$ - - - - -
( - - - - - )
Set your amount
OK
-0.30%
+2.91%
+9.02%
14
Polkadot
DOT
$ 6.86
$ - - - - -
( - - - - - )
Set your amount
OK
-0.05%
-0.50%
+4.69%
15
Bitcoin Cash
Bitcoin Cash
BCH
$ 476.62
$ - - - - -
( - - - - - )
Set your amount
OK
-0.03%
+0.16%
+1.69%
17
NEAR Protocol
NEAR
$ 7.38
$ - - - - -
( - - - - - )
Set your amount
OK
-0.92%
+10.48%
+33.33%
18
Polygon
Polygon
MATIC
$ 0.721287
$ - - - - -
( - - - - - )
Set your amount
OK
-0.66%
+2.42%
+10.62%
19
Litecoin
Litecoin
LTC
$ 85.06
$ - - - - -
( - - - - - )
Set your amount
OK
+0.26%
+2.08%
+7.27%
20
Internet Computer
ICP
$ 13.58
$ - - - - -
( - - - - - )
Set your amount
OK
-0.97%
-0.37%
+8.23%
21
Dai
DAI
$ 0.999937
$ - - - - -
( - - - - - )
Set your amount
OK
-0.02%
0.00%
-0.03%