Cryptocurrency market plunged on 11th April after failing to break the market valuation of $190 billion. In the recent plunge, Litecoin lost its 4th position – a position it held since March 2019, to EOS. The sell-off still continues.

Bitcoin failed to break $5,400 and redacted. The cryptocurrency is still above the psychological barrier of $5,000 but barely. Bitcoin is down by 3.83% currently. Altcoins, on the other hand, have been hit sharply, with Litecoin, EOS, and Bitcoin Cash the biggest losers among the top 10 cryptocurrencies.

Litecoin is down by 11.26% in the last 24 hours. This is the lowest Litecoin has been in the past 7 days. The sell-off signal is gaining momentum. While on the other hand EOS is down by 10.06% and due to this difference EOS has been able to overtake Litecoin. Although, this position of EOS is expected to be short-lived as EOS downward trend also gains momentum.

Cryptocurrency markets have lost $10 billion in the past 24 hours. Support is forming at $5,000 for Bitcoin which can hold the sell-off for a while. Altcoins seem to be doing way worse than Bitcoin in this sell-off.

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better