{"id":7203,"date":"2019-08-27T14:04:06","date_gmt":"2019-08-27T13:04:06","guid":{"rendered":"https:\/\/coinfomania.com\/?p=7203"},"modified":"2024-04-23T08:55:58","modified_gmt":"2024-04-23T07:55:58","slug":"crypto-markets-in-bearish-action-bitcoin-10000","status":"publish","type":"post","link":"https:\/\/coinfomania.com\/crypto-markets-in-bearish-action-bitcoin-10000\/","title":{"rendered":"Crypto Markets in Bearish Action as Bitcoin Struggles with $10,000"},"content":{"rendered":"

The markets are drowning in a pool of red today Tuesday, Aug 27 as all top 20 cryptocurrencies are recording moderate losses between 1 to 5% with king Bitcoin<\/a> struggling near the $10,100 region.\u00a0<\/span><\/p>\n

Although Bitcoin started the trading session with prices hovering between $10,350 and $10,400, the coin has lost 2.70% of its value, placing its valuation at $10,099 at the time of writing. A further decline in value in the next few hours would send its price below $10k, a spot which the cryptocurrency battled with Thursday last week before its recovery.<\/span><\/p>\n

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The second-largest cryptocurrency and leading altcoin by market cap, Ether<\/a>, is facing the same fate as bitcoin on the trading day with a 2.14% loss. Eth failed to hold above the $200 mark which it achieved 14 days ago and is now trading at $186.<\/span><\/p>\n

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Ripple XRP, like other major cryptocurrencies, is affected by the flash of red across the market today, with the coin trading at $0.26, indicating a 1.18% loss. Despite Ripple\u2019s continuous and bulky partnerships<\/a> with global financial institutions, the value of XRP continues to decline slowly.\u00a0<\/span><\/p>\n

<\/p>\n

Bitcoin SV<\/a> (BSV) is the biggest losers in the top 10 with a 4.57% fall in its value over the last 24 hours. There may be a further decline in the coin\u2019s value due to the recent court decision against<\/a> Craig Wright, the leading player in the BSV community.\u00a0<\/span><\/p>\n

Despite the shade of red covering majority of the cryptocurrencies, a few coins and tokens have managed to stay on the green side of the market with moderate gains.\u00a0<\/span><\/p>\n

A massive 25.30% gain today placed MaidSafeCoin (MAID), the native currency of the SAFE Network, as the most significant gainer in the top 100 markets with its price trending above $0.20 at the time of writing.\u00a0<\/span><\/p>\n

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The overall outlook of the markets remains bearish with bitcoin still holding as much as 68.8% of the market dominance. The total market cap<\/a> of all cryptocurrencies is $263 billion.<\/span><\/p>\n

Charts – Tradingview<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The markets are drowning in a pool of red today Tuesday, Aug 27 as all top 20 cryptocurrencies are recording […]<\/p>\n","protected":false},"author":9,"featured_media":7204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1149,85],"tags":[54,656,51,155,171],"ppma_author":[1765],"class_list":["post-7203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-price-analysis","category-analysis","tag-bitcoin","tag-bitcoinsv","tag-cryptocurrencies","tag-ether-eth","tag-ripple"],"acf":[],"authors":[{"term_id":1765,"user_id":9,"is_guest":0,"slug":"william","display_name":"William Frederick","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/69bf66f95ea809e76af24730ee32c7ff?s=96&r=g","first_name":"William","twitter":"https:\/\/twitter.com\/Gbashomiren","instagram":"","linkedin":"https:\/\/www.linkedin.com\/in\/william-frederick-5a9ab8174\/","user_url":"","last_name":"Frederick","facebook":"https:\/\/web.facebook.com\/Omotroyz","description":"Crypto Fanatic, Gamer, Tech Lover, Marketer."}],"_links":{"self":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/7203"}],"collection":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/comments?post=7203"}],"version-history":[{"count":1,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/7203\/revisions"}],"predecessor-version":[{"id":309325,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/7203\/revisions\/309325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media\/7204"}],"wp:attachment":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media?parent=7203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/categories?post=7203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/tags?post=7203"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/ppma_author?post=7203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}