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Earlier reports stated that the crypto market had backpedaled slightly after the impressive rally witnessed during the week. The market has continued this negative movement as Bitcoin slides.
Total market cap has dropped from $138 billion seen yesterday to $132 billion. Bitcoin’s dominance has remained fairly steady at 53.9%. BTC is currently trading at $4,074.16, down by 6.60%. Ethereum showing a similar loss of 6.39%, bringing the value of its token to $114.15.
Read more: Is Bitcoin dead? 8 reasons why it is NOT
XRP has taken quite a beating in the last 24 hours to trade at $0.36, a loss of 7.64%. EOS, however, lost the most value of all top ten coins, shedding just under 10% at the time of writing, now trading at $2.86. Aside from Tether, Bitcoin SV is the only major currency in the green today. Up 1.35%, BSV looks as if its making moves to overtake the stablecoin.
The rest of the list is pretty grim. TRON, Tezos and 0x, as well as several other smaller coins, are all showing double-digit losses. Even ZCash’s listing on Coinbase Pro couldn’t spare it from the bloodshed as it dips just under 2%. Unsurprisingly, TrueUSD, USD Coin and Paxos are all in the green.
SIRIN LABS Token takes a further beating as today’s biggest loser. SRN has plummeted over 31% while today’s winner, Theta Token surges ahead with a 47.55% price hike.