Crypto Market Watch: Bitcoin Price Down $500, Back Below $10,000

It appears that the bears have taken control of the market as Bitcoin, as well as almost all major cryptocurrencies, are in a decline. At the time of writing, Bitcoin’s price was hovering between $9,700 and $9,800, marking a 2.82% loss on the day. 

Major altcoins are also bleeding, apart from EOS which has seen a slight gain of about 2%. ETH and XRP have charted losses of 1.98% and 1.28% respectively, trading around $207 and $0.308. 

The total crypto market cap is ~$266 billion. Bitcoin’s market cap is ~$173 billion, and the BTC dominance rate stands at 64.9%.

Major Crypto Headlines

TRON Down 13% After Justin Sun Postpones Lunch With Warren Buffett. TRON CEO Justin Sun has postponed his long-awaited lunch with Warren Buffet because of a sudden medical condition – namely, kidney stones. Following the announcement, TRX suffered a steep decline. 

TradingView Counts Over 2.5M Active Bitcoin Traders. The charting website for both cryptocurrency and conventional assets reportedly has over 2.5 million active users who trade Bitcoin. It’s a significant increase from December when that number was 1.2 million.

US Senate to Hold Hearing on Crypto, Blockchain Regulatory Frameworks. The regulatory situation with cryptocurrencies in the United States remains somewhat uncertain. However, the US Senate Banking Committee will engage in a broader debate on the regulatory framework of crypto and blockchain.

Today’s Most Significant Winners and Losers

Proton Token (+154.36%) 

While most of the coins and tokens in the market are painted in red, Proton Token (PTT) traders should rejoice as the token surged 154.36% against the US dollar over the last 24 hours. At the time of this writing, Proton token is trading at $0.000715 with a market cap of $2,087,154. 

Smartshare (+79.08%)

Smartshare (SSP) is the second-biggest winner today. The token’s price increased by 79.08% against the dollar and is currently trading at $0.001768. The Smartshare project has been gaining traction, and its daily trading volume has surged above $2.3 million. 

EveryCoin (-50.93%)

EveryCoin (EVY) has taken a downturn. At the time of writing, the token was trading at $0.000110, down by over 50% against the dollar in the past 24 hours. EVY began the day at $0.000224, hitting its highest mark at $0.000329. Daily trading volume also declined to $276,834 across all exchanges.