From Friday when the evaluation of the cryptocurrency market cap was  $132,557,154,676 at its highest point measured to the lowest level, the evaluation has been today at around $125B we have seen a depreciation of around 7.6 billion dollars.

Looking at the global chat you can see that the consolidative structure which turned out to be a symmetrical triangle was broken to the downside which could indicate that the next major move to the downside has started after some period of consolidation.

Bitcoin’s market dominance has increased consequently and it is currently sitting at 52.4% coming from 51.78% at its lowest point on Friday.

The Cryptocurrency Market

The market is in red today with an average percentage of change among top 100 coins in the last 24 hours ranging between 2-5%. The biggest losers are EOS with a decrease of 7.29% like most of the losers, while out of those who are in green are in double digits like Loom Network which increased by 10.78% in the last 24 hours and Ravencoin with an increase of…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/bitcoin-price-prediction-after-recent-drop-is-a-larger-one-coming/