Yesterday, all the top 28 cryptocurrencies unexpectedly felt the touch of the bearish market.
CoinMarketCap data revealed that out of all the top 100 cryptocurrencies, just 18 tokens made gains for a shortwhile in the past 24 hours.
While ethereum felt the bearish market for two days, bitcoin for the second time this month, almost fell below the $6,300 level. There was a 0.30% reduction in trading volume and market cap totalled at $110.678
The trading price of Ethereum struggled to maintain stability, which left traders skeptical as it struggled to maintain its hold on a $207.56 per Ether but it might lose momentum and probably make a comeback from the resistance level of $150 to $190.
Yesterday’s outstanding performance by Ripple didn’t last for long as the token has now lost over 2.09% and cornered at $0.510597 for a short time.
Stellar, Tron, Litecoin, EOS and Cardano were also involved in the crisis. The tokens have pushed and pulled but repeatedly, they have failed to break out of their nearest resistance level. Stellar had the highest loss with 4.07%, while Tron went down by 2.32%.
However, Bitcoin cash somehow managed to survive the bearish market, making gains ahead of its upcoming hardfork. BCH increased sharply to an all-time daily high of $532.58, almost breaking resistance to hold up at $600. BCH made gains of $1.42% and with a trading price of $515.31