Cryptocurrency daily report for July 11th 2018: Market has become a real bloodbath

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Only five of the top 100 cryptocurrencies have increased for last 24 hours

According to Coinmarket.cap, total market cap of cryptocurrency industry on July 11th strongly reduced in value and was worth $250 billion, declining almost  30% compared to its best performance of the beginning of this year ($822 billion). 15 billion dollars has disappeared from the market in the last 24 hours.

In the top 100 cryptocurrencies, only 5 of them have slightly risen in price; these are those 5 lucky currencies: DigiByte has ticked up to 0.7%, Centrality has risen 4.46%, Power Ledger has increased 6.99%, Syscoin and KuCoin Share has escalated 11.53% and 9.79% respectively. There is not a single green in the Top 30.

Ripple price (XRP/USD) decreased 3.58% in the last 24 hours, dropped to the lowest price zone in the first half of July. This is the low-level which was shaped on June 24th and broken on the last trading day of June.

Ripple (XRP) H4 chart

Stellar, one of  the Top 10 cryptocurrencies, has declined the most in  value, its price has dropped 6.93%, plummeting to $0.188038.

Stellar price chart, Source: Coinmarketcap.com

Written by nami.today

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