Saturday, July 12, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Market Wide Correction Sees Bitcoin Drop To $11,500 With Total Market Clinging Above $300 Billion

by firstcryptonews
August 10, 2019
in News
Market Wide Correction Sees Bitcoin Drop To $11,500 With Total Market Clinging Above $300 Billion

Beginning yesterday, the market has gone through a price correction. For Bitcoin, after climbing as high as $12,200, the market began correcting seeing Bitcoin lose the $12,000 position and further decline to the $11,500 position.

The $11,500 support held up well and the digital asset has been able to hold above this. Altcoins have also suffered the same bearish fate, among the top 100, most are in the red zone. For those that recorded high gains in the last few days, they have held up well and are still recording gains from the last seven days.

Ethereum for instance, despite recording a drop of over 2% today, is up by 5% from the last seven days. However, no cryptocurrency has performed as well as Bitcoin in the last seven days. The crypto king is up by 17% in the last seven days. This just shows that the bullish sentiment is back and the dip in the last 24 hours is just a correction that will allow more investors to accumulate before forging further ahead.

Market Cap Above $300 Billion
Although Bitcoin and Ethereum seem to have gotten their winning streak back, a majority of other coins are yet to join in. Starting with Ripple’s XRP, the asset is recording losses from the last 24 hours and from the last seven days.

Both of these show that the asset is down by over 2%. This the same case for a majority of altcoins. This means the last few days have not seen them record substantial gains to rise above recent lows.

In spite of the recent dip by the wider market, the total market cap remains above $300 billion. A majority of this comes from Bitcoin which has a dominance of 68.3% at the time of press.

The bullish sentiment is back and we could see the market bounce back stronger hitting its year high of $13K. Further ahead we could see Bitcoin hit a new high of $15K.

Related Posts

Atua AI Deploys Context-Aware Modules to Support Smarter Integration

Atua AI Deploys Context-Aware Modules to Support Smarter Integration

by firstcryptonews
July 10, 2025
0

Intelligent AI Components Now Adapt to Real-Time Data and Blockchain Conditions Across Web3 Systems Singapore, SG – July 10, 2025...

Atua AI Builds Automated Data Pathways for Intelligent Web3 Execution

Atua AI Builds Automated Data Pathways for Intelligent Web3 Execution

by firstcryptonews
July 9, 2025
0

New Framework Streamlines Data Flow Between AI Modules and Blockchain Systems for Smarter, Real-Time Automation Singapore, SG – July 9,...

Atua AI Powers Developer Access with Smart Pipeline Integration Features

Atua AI Powers Developer Access with Smart Pipeline Integration Features

by firstcryptonews
July 4, 2025
0

Streamlined Automation Pipelines Enable Faster Deployment and Real-Time Workflow Customization in Web3 Singapore, SG – July 4, 2025 – Atua...

Atua AI Strengthens Backend Stability with Multichain Compute Layers

by firstcryptonews
July 3, 2025
0

Enhanced Infrastructure Improves Scalability and AI Reliability Across Decentralized Networks Singapore, SG – July 3, 2025 – Atua AI (TUA),...

Atua AI Optimizes Agent Coordination for Decentralized Workflow Distribution

Atua AI Optimizes Agent Coordination for Decentralized Workflow Distribution

by firstcryptonews
July 1, 2025
0

Enhanced AI Collaboration Boosts Automation Precision and Scalability Across Multichain Systems Singapore, SG – July 01, 2025 – Atua AI...

Atua AI Boosts Multi-Protocol Compatibility with Lightweight Task Models

Atua AI Boosts Multi-Protocol Compatibility with Lightweight Task Models

by firstcryptonews
June 27, 2025
0

New Streamlined Execution Layer Enhances Performance Across Diverse Blockchain Networks Singapore, SG – May 5, 2025 – Atua AI (TUA),...

Next Post
Key Technical Indicator Signals Buying Opportunity For Bitcoin

Key Technical Indicator Signals Buying Opportunity For Bitcoin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

ShibaBitcoin—Redefining Everyday Cryptocurrency Transactions

ShibaBitcoin—Redefining Everyday Cryptocurrency Transactions

7 months ago
GEMS: the Future of Gaming

GEMS: the Future of Gaming

3 years ago
Catchibit Exchange “Bitcoin binary option trading service launched”

Catchibit Exchange “Bitcoin binary option trading service launched”

3 years ago
DX Cup – Soccer Metaverse

DX Cup – Soccer Metaverse

3 years ago
Alaya AI: Leading the New Wave in Intelligent Data Annotation with Brand and Product Upgrades

Alaya AI: Leading the New Wave in Intelligent Data Annotation with Brand and Product Upgrades

1 year ago
etoro

eToro Rolls Out Staking-as-a-Service for Cardano and Tron

5 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Deploys Context-Aware Modules to Support Smarter Integration

Atua AI Deploys Context-Aware Modules to Support Smarter Integration

July 10, 2025

Press Release

$BARF on Solana: 1 Million Permanent Blockchain Imprints Make This the Most Unstoppable Meme Ever

$BARF on Solana: 1 Million Permanent Blockchain Imprints Make This the Most Unstoppable Meme Ever

July 5, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News