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Cryptocurrencies In The Red Following Attack From The Bears

 
Cryptocurrencies In The Red Following Attack From The Bears
Breaking News / Cryptocoins

Today, the bear market has been in full action and not only hitting the big three cryptocurrencies but, the rest of the top 100 too.

The bear movement has been straight as an arrow with tokens from Bitcoin heading downwards closing with some significant losses. BAT and Maker managed to avoid the bears for a short time but in the end, they seemed to fall under the bear's attack.

The bear market has been hitting Ethereum for around two days now and Bitcoin even surprised traders yesterday as it even fell below the $6,300 mark for the second time this month. Trading volume also saw a drop of 0.30 percent, market cap totalled at $110.67 billion.

Ethereum’s trading price seems to struggle when it came to stability which left investors very sceptical as it started to get a better grip on $207 for each Ethereum token, however, the odds are that it will lose this momentum and possibly make a comeback from the $150 to $190 resistance level. At the current time of writing, Ethereum is in the red by just under 6.5 percent and is priced at $195.

Ripple’s outstanding performance yesterday didn’t last long either since the token lost over 2.09 percent and was trapped at $0.51 for a short period. Currently, the token is priced at $0.48 and is also in the red with a 7 percent decrease.

If we look further down the top 100 to Litecoin, Cardano, Stellar, EOS and TRON we can see that they haven’t been spared the onslaught of the bears as they are all in the red too.

In Litecoin’s case, it is priced at $48.30 after being in the red and having a decrease of 4.30 percent.

For Cardano, ADA is also in the red and is down by 7 percent at the current time of writing and is priced at $0.07.

Stellar is in the red with a 7 percent decrease too and is priced at $0.24.

EOS is looking at an 8 percent drop and it is priced at $4.93 at the time of writing.

The eleventh biggest currency in the market, TRON is down by 5.83 percent and is priced at $0.021.

What are your thoughts? Will the market continue to decline or will we see a sudden surge anytime soon? Let us know what you think down in the comments below!

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