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Market Summary

The market took an aggressive dip over the last 24h, with the total market capitalization down over $50b, in a move that appears to suggest the latest run higher since Feb 8th, which came generally on low volumes, may have been a bull trap.

Bitcoin and Ethereum, the two big cows in the crypto space, both saw declines of over 8%, while the rest of the Alt complex also suffered losses of about 10% on average. There were some exceptions such as Monero or Stellar, hanging onto recent gains.

In terms of aggregated volumes, the vigorous increase across the largest exchanges is a sign that the Tuesday’s bearish move carries solid substance, with some large account dumping cryptos aggressively if one judges by the volumes behind.

What’s also worth flagging up is the state of the market dominance, with Bitcoin breaking above a key trendline, resulting in a total market share of 40% from 34% last week. If selling pressure continues, the Alts complex may see sharper corrections.

Note, as reported earlier this week, If one is to respect a logarithmic non-linear valuation model, in the big scheme of things, the market remains over-priced. The calculation of fair market value stands at around $100b.

* Headlines below are listed in chronological order, as seen in CoinLive News

Top Headlines Industry / Regulations

Top Headlines Crypto-Asset Fundamentals

Key Events on Top Cryptos for Feb 22 (Thu)

Aion (AION) — Monthly Ethereum Updates Event in Toronto

Ark (ARK) — Blockchain & Cryptocurrency Con 2018 in Dallas

Bitcoin Cash (BCH), Waves Community Token (WCT) — BCH airdrop for WCT hold

Cryptocurrencies (CRYPTO) — Bengaluru Conference

Dash (DASH) — MPE in Berlin

Enjin Coin (ENJ) — New Exchange Listing

Gnosis (GNO) — Seminar in King’s College London

IOTA (MIOTA) — Bosch IoT Conference in Berlin

Jibrel Network (JNT) — Kucoin Exchange Listing

Monaco (MCO) — Cobinhood Exchange Listing

NEM (XEM) — Meetup in Caracas

Revain (R) — KuCoin Trading Competition Ends

Substratum (SUB) — Cobinhood Exchange Listing

Waves (WAVES) — BCH Airdrop for WCT Holders

Waves (WAVES) — Genesis London Conference

WAX (WAX) — Cobinhood Exchange Listing

source: www.coinmarketcal.com

Main Gainers / Losers Top 100 Coins

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