Crypto Market Snapshot – December 5, 2018

Crypto Market Snapshot – December 5, 2018

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The cryptocurrency market took a noticeable dip today, as the total market capitalization is down by 4.6% in the last 24 hours. Out of the top 100 cryptocurrencies, only 11 are up on the day, and apart from Factom, none produced truly exciting gains.

The recent heavily negative trend for EOS and Bitcoin Cash hasn’t shown signs of stopping yet, as the two coins are today’s worst performers among the top 10. TRX entered the top 10 after displacing ADA, although the two tokens are still very close in terms of market capitalization.

Even though it came close, Bitcoin couldn’t break $4,000. BTC found some support at the $3,800 level after dropping throughout the day. Trading volume was stagnant, fluctuating between $3.1 and $3.3 billion. On exchanges that support fiat currency trading, the price continues to be lower compared to USDT pairs, although the “Tether premium” is not too extreme at the moment. Currently, Bitcoin is trading at around $3,720 on Kraken, Coinbase Pro and Bitstamp.

FCT has continued defying the crypto bear market, and the token is up by an astounding 257% in the last 30 days. The project’s Factom Harmony product has been getting some traction lately, and was included in Equator PRO, a software-as-a-service solution designed for the default servicing process.

BNB, which was among the better performers yesterday, continued to hold up well today. Binance released a video today showcasing some of the features of its decentralised exchange, which is being built on Binance Chain, a blockchain platform that will use BNB as its native token.

POLY, the token issued by securities token platform Polymath, performed well compared to the rest of the crypto market but didn’t produce any fireworks.

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