Cryptocurrency trading: Crypto Market Loses $15 Billion in a Day as Bitcoin Slips


The Cryptocurrency trading market saw a sharp twist this Thursday, with the CoinMarketCap chart noting an 8.11 percent drop as bitcoin slipped.

Cryptocurrency trading: Crypto Market Loses $15 Billion in a Day as Bitcoin Slips

Bitcoin, the most dominant asset across the global cryptocurrency index, plunged 4.24 percent in what appeared like a technical correction.

The cryptocurrency on April 2 had undergone a surprising bullish makeover, jumping more than 23 percent in just two hours.

The upside move pushed its trading sentiment into the overbought zone, which typically makes a profitable exit position for day traders.

The cryptocurrency trading market also saw second-most dominant Ethereum, post an aggressive 9 percent drop while XRP, the third-largest crypto, noted a 7 percent decline. Super bullish EOS, Litecoin and Bitcoin Cash also toppled in a range of 10-14 percent.

The only exception came in the name of Chain. The blockchain project appreciated in valuation despite the session’s bearish sentiment, noting a 14-percent surge in the past 24-hours.

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