Cryptocurrency trading: Crypto Market Loses $15 Billion in a Day as Bitcoin Slips
The Cryptocurrency trading market saw a sharp twist this Thursday, with the CoinMarketCap chart noting an 8.11 percent drop as bitcoin slipped.
The cryptocurrency on April 2 had undergone a surprising bullish makeover, jumping more than 23 percent in just two hours.
The upside move pushed its trading sentiment into the overbought zone, which typically makes a profitable exit position for day traders.
The cryptocurrency trading market also saw second-most dominant Ethereum, post an aggressive 9 percent drop while XRP, the third-largest crypto, noted a 7 percent decline. Super bullish EOS, Litecoin and Bitcoin Cash also toppled in a range of 10-14 percent.
The only exception came in the name of Crypto.com Chain. The blockchain project appreciated in valuation despite the session’s bearish sentiment, noting a 14-percent surge in the past 24-hours.