The Road Has Been Rocky for Cryptocurrencies in 2018


More price falls and fewer u-turns

The last one month has been choppy for cryptocurrencies. Bitcoin has tumbled about 32% over the past one month, shedding recent gains. It has also dropped 1.9% over the past 24 hours and was trading at $673 as of 7:30 AM EST on April 10, 2018. It had an RSI level of 36.7, while its volatility was at 65.7%. The overall volatility in bitcoin has been lower than it was last month.

The overall market capitalization of all the cryptocurrencies is at $258 billion. The market cap for bitcoin was at $114, and its dominance was at 44.2%. As for other top cryptocurrencies, ethereum was down 2.3% for the day and was trading at $394.7, while ripple was down 1.6% and trading at $0.48.

Bitcoin Price versus Volatility 2018-04-10

 The top performers of the day included aelf, ontology, verge, and skycoin. They rose 29.8%, 19.8%, 18%, and 17.4%, respectively. The worst performers of the day were mixin, digixDAO, particl, and veritaseum. These dropped 17.5%, 5.9%, 4.9%, and 4.4%, respectively.

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