Crypto economy loses 3%overnight, Bitcoin slips below $ 46,000, analyst still says 'Downtuffness still strong' -

The crypto economy has lost 2.9% of value in the last 24 hours and Bitcoin slipped under the price zone of $ 46,000 on Monday. In addition, the top ten digital currencies lost between 3% and 7% in value on the last day after Bitcoin's price drop.

top ten crypto coins see more losses, crypto economy slips by almost 3%

The Bitcoin Prize ( Btc ) has now sunk by 3.7% and is acted for $ 45,738 per unit at the time of writing. In the previous course of the year, the value of Bitcoin has increased by more than 90 % in the last 30 days btc 21.8 %. At the time, btc has a market evaluation of around 864 billion US dollar, which is 38,6% of the crypto-$ 2,24 trillion corresponds.

The second largest crypto-asset regarding the market evaluation is Ethereum ( eth ) and has been at 4.4% in the last day 8.7% dropped. At the time of writing, ether exchanges hands for $ 3,787 per unit. The dominance of Ethereum among the other coins in the $ 2.24 trillion crypto economy is 20%today. Mondays, ETH has an overall market rating of 448.8 billion US dollar.

Four tokens have managed to make profits in the last 24 hours, including longing financing (YFI) by 6.5%, Olympus (ohm) by 3%, OKB (OKB) by 2.8%and Leo token (Leo) by 2.1%. The biggest losers on Monday Curve Dao Token (CRV) are 10 %, Compound (Comp) by 10.5 %and waves (waves) by 10.2 %. Of the 11,836 crypto coins that are traded on 533 stock exchanges worldwide today, there is a global trading volume of $ 102.8 billion.

HUOBI Group Exec: "Downwardness is still relatively strong - pay attention to the downward dynamics"

In conversation with Du Jun, co-founder of the Huobi Group, says Jun that Bitcoin started falling again after it jumped over the $ 48k region last weekend. "According to data from Huobi Global, btc after he had reached a maximum of 48.300 at the weekend, said jun to our newsdesk. "Now it is around 46,000 and the downward trend is relatively stable. It should continue to break the print mark of 45,500. From 4h K lines, the price is still in a stable downward channel. DIF crossed DEA and formed a downward signal.

"The K line was near the lower rail of the Bollinger ligaments, and the trading volume was relatively sluggish," said Huobi Group's managing director. "At the daily level, the price fluctuations have gradually slowed down in the last few days, and price fluctuations were temporarily controllable. Pay attention to the downturn momentum and the breakthrough of the 45500 position."

June added:

[Ethereum] fell steadily during the day, fell from a maximum of 3980 to a low of 3760 and is now close to 3780. Measured on the 4-hour K line, the K line fluctuated significantly today, which changed the stability of the past few days. However, it is not difficult to recognize on the daily line that the waste should pull the K line back into the downward channel, which indicates that the down strength is still relatively strong. Pay attention to the extent of the drop in prices at short notice.

What do you think of the recent price declines in crypto economy and the prospects for Bitcoin and Ethereum of the Huobi Group? Let us know your opinion on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Finanztech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 4,900 articles for Bitcoin.com news about the disruptive protocols that arise today.

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