(05 FEBRUARY 2018)DAILY MARKET BRIEF 1:Cryptos tumble further as equities tank

(05 FEBRUARY 2018)DAILY MARKET BRIEF 1:Cryptos tumble further as equities tank

5 February 2018, 12:49
Jiming Huang

After a rough weekend, the sell-off in crypto-assets has resumed on Monday as the equity market tumbled. The total market capitalization of crypto-assets slid to $380 billion this morning, erasing more than half its value since early January when it reached $830 billion. It seems that the risk-off sentiment has spread into the equity market. Equity indices are blinking across the screen with European equities following Asian ones in negative territory.

Bitcoin slid as low as $7,614 during the weekend before stabilising at around $7,890. Ethereum also tanked as it fell 11% over the last 24h, while ripple extended losses below the $1 threshold. It has been a rough month for Ripple as its price has been divided in almost 5 (from $3.8 to $0.8). The Bitfinex/Tether situation has spread panic selling in the crypto space as investors have been deprived of the main safe-haven crypto asset.

The recent price action of Bitcoin suggests that the $8,000 threshold remains a solid support. Bitcoin price fell more than 45% this year, we believe it is time for a consolidation, at least.

By Arnaud Masset

-------------------------------------------[GET FREE BTC]-------------------------------------------------

It's best to use all of the coinpot (https://coinpot.co/mine/bitcoin/?ref=39D5E906FFE7

)faucets because it lets you convert the other currencies to doge and reach the minimum withdrawal amount quickly. First, make an account at coinpot.co (when it's back up after maintenance) and then make accounts at the various faucets using the same email address that you used for coinpot.

Moonbit: http://moonbit.co.in/?ref=8c900213d0fd


Moondoge: http://moondoge.co.in/?ref=dceb34f86371

Moondash :http://moondash.co.in/?ref=B45CE46D4817

Mooncash :http://moonb.ch/?ref=384D5E746B32

BitFun: http://bitfun.co/?ref=FE7646F44A7D

Bonus  Bitcoin :http://bonusbitcoin.co/?ref=1D2E2AECB744

Outside of coinpot, I also use

FreeBitcoins  :https://freebitco.in/?r=7293059| Free bitcoins Faucets!

FreeDogecoins  :http://freedoge.co.in/?r=1281878| Free Doge Faucets!

You will have a free chance to win up to $200 bonus once every hour!!


Share it with friends: