{"id":396781,"date":"2019-09-22T06:30:03","date_gmt":"2019-09-22T06:30:03","guid":{"rendered":"https:\/\/wncen.com\/?p=396781"},"modified":"2019-09-22T06:23:37","modified_gmt":"2019-09-22T06:23:37","slug":"sunday-sees-red-as-crypto-markets-dump-10-billion-and-bitcoin-slides-again","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sunday-sees-red-as-crypto-markets-dump-10-billion-and-bitcoin-slides-again\/","title":{"rendered":"Sunday Sees Red as Crypto Markets Dump $10 Billion and Bitcoin Slides Again"},"content":{"rendered":"

Following a largely bullish week for the majority of crypto assets, the bears have come out to play at the weekend. A slide back into four figures for Bitcoin has dragged most of the altcoins back down with it as $10 billion leaves cryptocurrency markets.<\/p>\n

Crypto Market Cap Slides Again<\/h2>\n

A steady decline has resulted in total crypto market capitalization falling back to just above $260 billion. Daily volume has also dumped from over $70 billion on Friday to around $50 billion today according to Coinmarketcap.com<\/a>.<\/p>\n

\"crypto\"<\/a>
Total market cap 48 hours – Coinmarketcap.com<\/figcaption><\/figure>\n

The move has been initiated by Bitcoin which has failed to hold ground<\/a> above $10k yet again. The slide started late Friday after a brief top of $10,300. BTC eventually bottomed out at around $9,850 according to Tradingview charts and recovered slightly to trade at $9,940 where it has currently settled.<\/p>\n

The descending triangle pattern is clearly defined and analysts have predicted moves in either direction however the low side looks like the better bet when the breakout finally occurs.<\/p>\n

\n

Are you team green or team red?
Tick-tok
$BTC<\/a> #Bitcoin<\/a> pic.twitter.com\/G3zoAIex13<\/a><\/p>\n

— Squeeze (@cryptoSqueeze) September 22, 2019<\/a><\/p><\/blockquote>\n