Wednesday in the windward watershed of crypto, Bitcoin (BTC) was on its way down from $61,000 when the day began, and continued to fall till it reached $59,000 around midday. In the second-half, “Bit” got a leg-up to make its way back up towards $60,000 but quickly got rejected, falling all the way down to $58,500 leading into the fourth and final quarter. During the last quarter, or the final six hours of the day, BTC made it back above $59,000 going into Thursday. Bitcoin, now down 11% for the week, is still up 40% for the month and 333% for the year, with its marketcap at $1.111 trillion. Meanwhile, Bitcoin dominance has gone up .4% since yesterday and is currently at 42.7% versus all the other crypto assets.
Ether (ETH) was on its way down from $4,300 when Wednesday started, but, like BTC, kicked off the day with a massive sell-off. In just the first-half of the day, ETH went from $4,300 all the way down $4,000 where it finally bounced off support. After a struggle between the bulls and the bears around the $4,000 mark, the bears reigned victorious, dragging ETH down another $50 to $3,950 at its lowest point late in the third quarter. As was the case with BTC, ETH closed the day on an upward trajectory, positioning itself back above $4,000 leading into Thursday. Ether, now down 3% for the week, is up 37% for the month and 901% for the year, while its marketcap is at $475 billion.
While BTC and ETH were giving back thousands in gains on Wednesday, the altcoin sector was selling-off as well, with 80% of the projects in the Top 100 closing the day in the red. From that list, there were still a quarter-dozen projects that managed to go up in double-digits, while seven of them went down in that same figure. The big winners and losers of the day were as follows, in order of larger-sized marketcap first: Dogecoin (DOGE) went up 18%, Shiba Inu (SHIB) up 26%, Fantom (FTM) up 11%, Curve DAO Token (CRV) up 11%, Olympus (OHM) up 17% and Secret (SCRT) went up 15% in the last 24 hours, while Uniswap (UNI) went down 11%, Aave (AAVE) down 15%, Bitcoin Cash ABC (BCHA) down 14%, Arweave (AR) down 13%, Sushi (SUSHI) down 11%, Compound (COMP) down 10% and Yearn.Finance (YFI) went down 10% going into Thursday. The total marketcap of all the crypto assets, meanwhile, went down 4% in the same time period, and is currently at around $2.615 trillion.
- Bitcoin(BTC)StartsWednesdayFallingFrom$61,000andGetsAsLowAs$58,500beforeClosingTheDayBackAbove$59,000andUp333%forTheYearWithItsMarketcapAt$1.111trillion
- Ether(ETH)kicksOffWednesdayFallingFrom$4,300andReaches$3,950atItsLowestPointBeforeClosingTheDayAbove$4,000andUp901%forTheYearWithItsMarketcapNowAt$475billion
- TheAltcoinsClosedWednesdayWith80%ofThemInTheRedOfWhichThereWereSevenDoubleDigitLosersAndSixWinnersWhileTheTotalCryptoMarketcapWentDown4%toWhatIsNow2.615trillion
http://coinmarketcap.com/