Tanya Abrosimova
Independent Analyst
- Bitcoin drops below $4,000, amid a wave of sell-off.
- Altcoins are following the lead.
The cryptocurrency market is back in the red zone as the recovery proved to be short-lived. The total capitalization of all digital assets in circulation is hovering around $130B amid resumed bearish pressure.
Bitcoin, the largest and the most popular cryptocurrency, has lost over 5% in recent 24 hours to trade at $3,945 by the time of writing. The coin is down nearly 4% since the beginning of Monday, trading with a strong bearish bias.
Ripple's XRP is hovering at $0.3596, down 2.7% since the beginning of Monday and 3.8% on a day-to-day basis. The second largest digital asset with market value $14.5B retraced from early Asian high of $0.3699, however, the short-term trend is showing signs of reversal.
Ethereum is changing hands at $112.8 at the time of writing, off the Asian high of $116.9. ETH stays well below the pivotal $120, moving closer to $110.00. The third largest coin with the market value of $11.2B is down 4.4% in recent 24 hours and 3% since the beginning of the day.
What's going on in the crypto universe
Malaysia is about to adopt cryptocurrency regulation
Celebrities pay hefty fines for promoting ICOs
Ledger Nano wallet adds Monero support
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