Topic: Markets Update: Cryptocurrency Prices See Relief After Three Day Losses (Read 81 times)

Cryptocurrency prices have dropped significantly over the past 72 hours after reaching new highs on May 5. When Bitcoin Core (BTC) prices touched a high of $9,940 USD this past Saturday buyers met resistance and the price tumbled to a low of $8,975. BTC prices today are hovering along between $9,100 and $9,400. Bitcoin Cash (BCH) market values touched a high of $1,829 on May 5, but have subsequently dropped to an average of $1,625 during today’s trading sessions. Overall most cryptocurrency markets are seeing some gains today after suffering from three days of losses.

Bitcoin Cash Markets See 4% Gains Today
Cryptocurrencies have lost value over the past 72 hours but are starting to rebound at the time of publication. Currently out of the 1,595 different digital assets, the entire cryptocurrency market cap is around $437Bn today with $22Bn in 24-hour trade volumes. Bitcoin Cash markets today are up over 4 percent and have seen 14.3 percent worth of gains over the past seven days. BCH trade volume during the May 9 trading sessions is around $1.2Bn over the past 24 hours. The top five exchanges swapping the most BCH today are Okex, Upbit, Bithumb, Bitfinex, and Huobi. In terms of price compared to Bitcoin Core values, BCH is worth Ƀ0.1770 at the time of writing and has been slowly approaching the Ƀ0.2 region. BTC captures 35 percent of today’s BCH trades and this is followed by tether (USDT 22.8%), KRW (20%), the USD (17%) and the euro (1.3%).