Bitcoin Drops Below $10K as Crypto Markets Dip

The signs of bullish exhaustion in the Bitcoin market can affect cryptocurrencies in general.

The 100 main cryptocurrencies of market capitalization (Nano-Bar, Dentacon, and Lende) are today in the red, according to CoinMarketCap.

(BTC) has gone down than 8 percent in the last 24 hours, as shown by the graph's bearish trend in the daily charts and head and head on the hourly chart.

At the time of writing this report, the BTC had fallen to $ 9,958, a decrease of 16.72% from the maximum of $ 11,958 on February 20.

As we saw earlier, the biggest loser in the 10 main cryptocurrencies is Bitcoin Cash (BCH), a loss of 10.58% in the last 24 hours. It is also 24.11% from the most recent peak of $ 1,641.40. The increase in cryptocurrency was limited to $ 1,533 for the key resistance, Bitfinex data show.

Even today, Ripple is XRP. At the time of writing, the token changed hands for $ 0.975152 - 8.89% in the last 24 hours.

CoinDesk reported yesterday that Ripple added five new customers in four countries. In addition, startup White Papers, based in San Francisco, announced an update to the underlying XRP technology. However, today's slowdown suggests that good news has been ignored by markets or eclipsed by widespread cryptographic losses.

However, XRP seems difficult on technical boards. It should also be borne in mind that the cryptocurrency has been reduced by 24.99% from its most recent maximum of $ 1.3 (reached on February 10).

As mentioned above, the few winning brands are all out of the top 10, including small capitalizations such as Nano (8.15 percent in the last 24 hours) and Dentacoin (plus 2.48 percent). Percent).

The total value of all the combined cryptocurrencies is $ 445 billion, a drop of almost 15% from the peak of $ 519 billion on February 18. However, it is still 61% higher than the minimum of $ 276 billion.