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Analysis

Top losers: Bitcoin Cash [BCH], Bitcoin SV [BSV] fall by over 5% as market corrects itself

Namrata Shukla

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Top losers: Bitcoin Cash [BCH], Bitcoin SV [BSV] fall by over 5% as market corrects itself
Source: Pixabay

The cryptocurrency market saw an unbelievable rise in prices after the bull run this week. However, now that the bulls have passed, Bitcoin Cash [BCH], and Bitcoin SV [BSV] were suffering at the hands of the bear.

Bitcoin Cash [BCH]

Source: CoinMarketCap

Source: CoinMarketCap

At press time, Bitcoin Cash was valued at $287.94 with a market cap of $5.09 billion. It noted a 24-hour trading volume of $2.42 billion, while noting a fall of 6.41% over the past day. BCH surged by 69.76% over the past week, but was seen correcting itself as it noted a fall of 0.02% over the past hour.

The token was highly traded on OKEx, registering a trading volume of $219 million via the BCH/USDT pair. The second place was taken by OEX via the BCH/USDT pair and the volume registered was $202 million. ZBG followed, with a volume of $196 million via the BCHABC/USDT trading pair.

Bitcoin SV [BSV]

Source: CoinMarketCap

Source: CoinMarketCap

Bitcoin SV was valued at $84.19, with a market cap of $1.48 billion. The cryptocurrency noted a trading volume of $254 million, while falling by 6.41% over the past day. BSV surged by 30.29% over the past week, but dipped by a minimal 0.78% within an hour, at press time.

BSV was highly traded on ZBG via the BSV/USDT pair and noted a volume of $37 million. ZBG was followed by IDAX with a trading volume of $22 million via the BSV/BTC pair. BitForex took the third place with $21 million in volume via the BSV/BTC pair.

XRP, the third largest cryptocurrency, was suffering a loss of over 6% until April 4. However, it surged on April 5 by a whopping 7% and was trading at $0.36. BCH and BSV surged massively over the past few days. However, the market correction pulled their prices down.





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Analysis

EOS rises by over 6%; Ripple’s XRP and Ethereum follow suit prompted by Bitcoin’s rally

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EOS rises by over 6%; Ripple's XRP and Ethereum follows suit prompted by Bitcoin's rally
Source: Pixabay

Bitcoin, the largest cryptocurrency by market cap breached the $9,000-mark anchoring another market spin towards the bulls. The collective market cap stood at $285 billion, at press time.

EOS:

Since the onset of 2019, Block.one, the parent firm of EOS had rolled out several significant technological upgrades on its EOS blockchain. Even as the price movement was underwhelming for the most part of the year, the sixth largest digital asset by market cap, EOS gained strong market support. At press time, EOS climbed by 6.11% and stood at a price of $7.13 with a market cap of $6.5 billion. The trading volume recorded for the past 24 hours was $2.55 billion.

Source: TradingView

Ethereum:

With the much-anticipated Ethereum 2.0 blockchain rollout, the second largest cryptocurrency, on CoinMarketCap, garnered gained bullish momentum against the US Dollar. At press time, ETH rose by 3.67% over the past 24 hours and was priced at $275.1. The digital asset registered a market cap of $29.3 billion and a 24-hour trading volume $8.49 billion. Additionally, 4.2% of the trading volume was recorded at ZBG via the trading pair ETH/USDT.

Source: TradingView

Ripple:

Ripple’s focus has always been disrupting cross-border payment space following which the Brad Garlinghouse-led firm introduced new technologies, features, and network updates. Its native token, XRP, significantly leveraged from the recent developments as well as the market recovery steered by BTC.

At press time, the third largest digital coin was valued at $0.42 after posting 3.41% gains in the past 24-hours. XRP held a market cap of $17.92 billion and registered a 24-hour trading volume of $1.5 billion. 4.4% of XRP was being traded at ZBG via XRP/USDT.

Source: TradingView





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