Crypto-market Corrects Itself

Graphs of TOP 10 cryptocurrencies, which were in the “green zone” at the end of last week and showed “bullish” superiority, now are showing a general decline. Yet there is no reason for panic. Despite some drop in quotations, the cryptocurrency market has only just entered correction. The Bitcoin price, at the time of writing the article, is still above $9000, which is already showing the fixing of price positions
Moreover, Cardano and Stellar show an increase, so it’s not necessary to talk about the prevailing “bearish” trends. The total capitalization of the market is $415.28 billion.

After a fairly rapid growth in the price of EOS, the value of the cryptocurrency fell from a record

$20.34 to $17.48, showing a 4.45% loss. NEO also decreased by 5.21%. Tron lost most of all – around 10%.

If we take a broader look at the situation, it can be noted that the entire TOP 100 is in the red zone with rare exceptions. There are no obvious failures of more than 11%. The situation will become more clear by the end of the week, when either the market enters a deeper correction or the bulls break the trading course.

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