Bitcoin, Ethereum, Ripple, EOS, Litecoin

Bitcoin, Ethereum, Ripple, EOS, Litecoin

Ethereum followed Bitcoin as it lost roughly 7% of its value over the past 24 hours.

Last year, Bitcoin's market share peaked at around 86%, but at the beginning of 2018, this was down to around 36%.

The daily chart of BTC/USD indicates that the price broke the 50% Fibonacci retracement level of the last significant upward move from the $6,096 low to $8,510 swing high. The rest of the movements within the next few days will depend on whether or not BTC has a powerful enough under current to propel itself up and over $6 400. On the flip side, a downside break below the $6,139 low and the $6,100 support puts the price at a risk of trading to a new yearly low. The bulls failed to hold on to the $7,048 price level following the SEC's postponement of the bitcoin ETF decision.

It opened the doors for more declines and BTC price traded below the $7,000 support and settled below the 100-day simple moving average.

The 1 day range for BTC is $6360.5 - $6720.1.

Next there is Bitcoin Cash with a market cap of United States dollars 11 billion.

The downward slide has continued today with more selloffs in the market. "So I think that Bitcoin dominance is actually showing that the market is reacting to what is good news". We're still gathering data and deciding on our level of support for XRP, ' said Mr. Goltra in a statement.

Altcoins (coins other than Bitcoin) are also well below Friday's closing levels.

This led to panic amongst some traders and it resulted in the Bitcoin price dropping to the $6,500 region. One First Bitcoin coin can now be bought for approximately $0.0104 or 0.00000155 BTC on major cryptocurrency exchanges. Coinmarketcap reports that the platform has grown by 16% in 24 hour period. The price per ETH stood at Dollars 376.91.

VeChain (VET) traded up 4.8% against the dollar and now trades at $0.0140 or 0.00000198 BTC.

Hourly MACD - The MACD for BCH/USD is slightly placed in the bullish zone. If they do cross hairs, this means the path towards the least resistance would be the upside but for now, it remains on the downside. RSI levels also show oversold conditions as the oscillator hovers around 21.4 at press time.

Ripple is perhaps the biggest loser amongst the top 5 cryptocurrencies over the past 24 hours, after it lost more than 14% of its value over the past 24 hours.

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