With 2018 coming to a close, the cryptocurrency market has been trying hard to maintain its grip on the bullish trend that had excited the crypto verse just a week back. A 7-day period that saw double-digit rises across the board, the market is feeling the pressure of the bear right now. The three biggest losers amongst the top 10 cryptocurrency club were Ethereum [ETH], Bitcoin Cash [BCH] and Litecoin [LTC].
At the time of writing, Ethereum [ETH] was falling by 7.75% with a total market cap of $12.929 billion. The cryptocurrency was trading for $124.28 with a 24-hour market volume of $2.543 billion. A majority of the trade volume was held by OEX, which had a hold on $183.007 million worth of ETH transactions. OEX was closely followed by OKEx, with the platform witnessing 4.38% of all Ethereum trade.
Next on the list was Bitcoin Cash [BCH], sliding at the rate of 7.20%. The cryptocurrency held a total market cap of $2.934 billion and was trading for $167.36. The cryptocurrency’s $438.845 million 24-hour trading volume was mostly split between Huobi and Upbit. While Huobi controlled 12.22% of all BCH trade, Upbit had a hold on $58.076 million of the total trade volume.
The position of third biggest loser was held by Litecoin [LTC], with the cryptocurrency falling by 5.35%. Litecoin was trading for $30.05 with a market cap of $1.80 billion and 24-hour volume of $463.86 million. Litecoin was also in the news recently when its creator, Charlie Lee, spoke about the market crash and its implications.
He had said:
“I said in my tweet, that the price of Litecoin has previously dropped 90% from its high, so this is how volatile the market is and at the time of the tweet, Litecoin had just hit two hundred dollars. So I said if you can’t you can’t if you can’t withstand it dropping back down to 20 which is 90% drop then don’t get in.