It appears
that the bears have taken control of the market as Bitcoin, as well as almost
all major cryptocurrencies, are in a decline. At the time of writing, Bitcoin’s
price was hovering between $9,700 and $9,800, marking a 2.82% loss on the day.
Major
altcoins are also bleeding, apart from EOS which has seen a slight gain of
about 2%. ETH and XRP have charted losses of 1.98% and 1.28% respectively,
trading around $207 and $0.308.
The total crypto
market cap is ~$266 billion. Bitcoin’s market cap is ~$173 billion, and the BTC
dominance rate stands at 64.9%.
Major
Crypto Headlines
TRON
Down 13% After Justin Sun Postpones Lunch With Warren Buffett. TRON CEO Justin Sun has postponed
his long-awaited lunch with Warren Buffet because of a sudden medical condition
– namely, kidney stones. Following the announcement, TRX suffered a steep
decline.
TradingView
Counts Over 2.5M Active Bitcoin Traders. The charting website for both cryptocurrency and
conventional assets reportedly has over 2.5 million active users who trade
Bitcoin. It’s a significant increase from December when that number was 1.2
million.
US
Senate to Hold Hearing on Crypto, Blockchain Regulatory Frameworks. The regulatory situation with
cryptocurrencies in the United States remains somewhat uncertain. However, the
US Senate Banking Committee will engage in a broader debate on the regulatory
framework of crypto and blockchain.
Today’s
Most Significant Winners and Losers
Proton
Token (+154.36%)
While most
of the coins and tokens in the market are painted in red, Proton Token (PTT)
traders should rejoice as the token surged 154.36% against the US dollar over
the last 24 hours. At the time of this writing, Proton token is trading at
$0.000715 with a market cap of $2,087,154.
Smartshare
(+79.08%)
Smartshare
(SSP) is the second-biggest winner today. The token’s price increased by 79.08%
against the dollar and is currently trading at $0.001768. The Smartshare
project has been gaining traction, and its daily trading volume has surged
above $2.3 million.
EveryCoin
(-50.93%)
EveryCoin
(EVY) has taken a downturn. At the time of writing, the token was trading at
$0.000110, down by over 50% against the dollar in the past 24 hours. EVY began
the day at $0.000224, hitting its highest mark at $0.000329. Daily trading
volume also declined to $276,834 across all exchanges.
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