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Markets Update: Cryptocurrencies Try to Regain Strength After the Recent Dip

A vast majority of cryptocurrencies were suffering from losses yesterday after last weekend’s recent spikes in value. Bitcoin core (BTC) prices have dropped since touching the $13K zone back down to the $10K region while most of the digital asset markets were also down yesterday are up now. At the moment BTC has climbed just above the $11,300 zone and bulls are trying to hold that value.

Also Read: U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades Wednesday

The Downward Price Trend Continues

Markets Update: Cryptocurrencies Try to Regain Strength After the Recent DipMany cryptocurrency enthusiasts are wondering when the price dips will stop this year, as 2018 has seen bearish sentiment across all the digital asset markets. The drop in value was followed by 2017’s meteoric year of constant bull runs. Since reaching a high of $19K, BTC prices have been trending lower with a few slight bounces back up in between. At the moment BTC/USD markets show an average of $11,300 per BTC and trade volume is rather flat with only $10Bn swapped over the past 24-hours. This morning bulls have been relentlessly trying to re-test the $11K region following a few prior failed attempts.

Right now the top five exchanges trading the most BTC includes Bitfinex, Okex, Binance, Upbit, and GDAX. The USD has jumped past the Japanese yen once again as the most traded national currency traded with bitcoin core markets. The top five nation state-issued currencies traded with BTC includes the USD, JPY, EUR, and the KRW. Tether USDT is the third currency within that lineup that’s not a national currency tied to a specific country. Read More Here