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Bitcoin Cash [BCH] plunges by 13%; Ethereum [ETH] down by 8%

source-logo  ambcrypto.com 28 December 2018 05:03, UTC

Although the crypto market was seeing growth amongst cryptocurrencies during the holiday season, the trend of high spikes is slowly fading away. At the time of press, the market reported a slight downtrend of many major cryptocurrencies like Bitcoin Cash [BCH], Bitcoin SV [BSV] and Ethereum [ETH].

Source: CoinMarketCap

According to CoinMarketCap, BCH was valued at $146.35, with a market cap of $2.5 billion. The coin reported a 24-hour trade volume of $344 million, with a fall of 13.46% over the day. The coin has faced the wrath of the bear as the overall slip is 30.09% over a week.

As per trading volume, Huobi registered the highest trading volume of $44 million with BCH/USDT pair. Huobi was followed by Upbit, which reported a volume of $35 million on the BCH/KRW pairing. The third position was taken by Binance, with $29 million in trade volume on the BCHABC/USDT pairing.

Source: CoinMarketCap

BSV has faced a fall of 10.64% over the past 24 hours and was valued at $83.45 at the time of writing. The coin’s market cap was reported to be $1.4 billion with a 24-hour trade volume of $344 million. The coin which garnered tremendous gain during the bull market has fallen by 31.36% over the past week.

BSV was highly traded on Binance, which registered a trading volume of $11 million on the BCHSV/USDT pair. Bitmart reported a trading volume of $7 million on the BSV/USDT pair. The coin is seen maintaining a gradual growth of 0.65% over an hour, at the time of press.

Source: CoinMarketCap

Ethereum takes the third place amongst the top losers, with a fall of over 8% over the past 24 hours. At the time of press, the coin was valued at $116.14, with a market cap of $12 billion. Ethereum’s 24-hour trade volume of $2.5 billion with an overall growth of 0.89% over the past week.

The coin recorded the maximum trading volume of $160 million on OEX exchange on the ETH/BTC pair. OKEX, acquired the second-highest trade, with $99 million on ETH/USDT pair. However, RightBTC recorded a trading volume of $86 million with ETH/BTC pair.

ambcrypto.com