news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.


© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Crypto Market Update: Coins Down Across The Board After Brief Stint Of Green

The cryptomarkets are showing another slump, with almost all the top 20 coins on CoinMarketCap in the red.

After a volatile beginning of the new year, the crypto markets are again falling across the board. Almost all of the top twenty coins on CoinMarketCap are in the red on Monday, Jan. 22, with the biggest loss around 13 percent over a 24 hour period.

Bitcoin (BTC) is approaching $10,000 again, a threshold that it had briefly dipped below on Jan. 17. BTC is trading for around $10,709 by press time, with a 8.95 percent drop over a 24 hour period.

Bitcoin Charts

Ethereum (ETH) is also below $1000, trading at around $981 at press time, with a 8.47 percent drop over a 24 hour period.

The market’s early year dip appears to be a repeat of previous January lows, and 2017 had already seen three large drops of 38, 40, and 29 percent. This makes Jan. 17’s over 30 percent slide of both BTC and ETH seem to fit into a previously recorded pattern.

This current dip could be related to a Wall Street strategist predicting a 70 to 90 percent price drop for Bitcoin on CNBC.

The only two coins up are EOS, trading at around $13.29 by press time and up 2.10 percent over 24 hours, and VeChain, trading at about $8.29 and up 6.57 percent over 24 hours by press time.

Total market cap is down to around $514 bln by press time, about $100 bln less than when the year began.

Total Market Capitalization

No Comments

Post A Comment