{"id":389730,"date":"2019-07-14T11:21:32","date_gmt":"2019-07-14T11:21:32","guid":{"rendered":"https:\/\/wncen.com\/?p=389730"},"modified":"2019-07-14T11:21:32","modified_gmt":"2019-07-14T11:21:32","slug":"crypto-markets-plunge-below-300-billion-as-altcoins-bleed-out","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-markets-plunge-below-300-billion-as-altcoins-bleed-out\/","title":{"rendered":"Crypto Markets Plunge Below $300 Billion as Altcoins Bleed Out"},"content":{"rendered":"
Crypto currency markets have slumped almost $20 billion as bitcoin and its brethren continue to slide this weekend. The digital avalanche picked up pace around an hour ago when BTC fell through resistance and $11,000 dragging all of the altcoins into the quagmire with it.<\/p>\n
Bitcoin bounced back to resistance at $11,500 a few hours ago as news emerged that the Tether printers were churning out currency once again. It turned out that the initial reports of $5 billion in USDT flooding the markets were fake and the actual amount was 50 million for part of a swap from Omni to Tron Tether.<\/p>\n
Since then Bitcoin has been on the back foot, dumping almost 8 percent, or $900, back to $10,600 which is its lowest level since the beginning of the month. Trader \u2018The Cryptomist\u2019 has eyed the charts for the next support levels:<\/p>\n
\u201cMentioned last couple days, I expect this current support to be tested, and here we are. Should this fail, then 10.3k and 9.8k are next regional supports. I have still got my eye on the 8.5k region gap on the chart, if we don’t hold 10k, do not be surprised if we fill it.\u201d<\/p><\/blockquote>\n
\n$Btc<\/a><\/p>\n
Mentioned last couple days, I expect this current support to be tested, and here we are \ud83d\ude0a<\/p>\n
Should this fail, then 10.3k and 9.8k are next regional supports<\/p>\n
I have still got my eye on the 8.5k region gap on the chart, if we don't hold 10k, do not be surprised if we fill it pic.twitter.com\/Egme2CkWx6<\/a><\/p>\n
— The Cryptomist (@Thecryptomist) July 14, 2019<\/a><\/p><\/blockquote>\n