Market Updates: Bear Cryptocurrency Drag down Price
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## More Price Dip and Lower Trade Segment
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At the time of publication, the entire market capitalization of all these coins in existence today is $ 104.2 billion. Prices of these crypto-markets are slipping again as the 24-hour loss has been observed between 2-13% in the top 10 digital assets. This gives the global average value to BTC approximately $ 3,302.
These values are low on some exchanges. Because it price of the bitcoin core is currently 3.8% on Friday and 2.8% below at last week. And which is 55% dominant on the whole digital asset economy. In addition, the market value of its bitcoin core is approximately $ 57.5 billion.
## Bitcoin Cash (BCH) Market Action
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During the trading sessions of Friday, these BCH costs 13% in the last 24 hours and more than 18% for the week. This bitcoin cash is the seventh largest market valuation before the weekend and the entire BCH capitalization is only $ 1.4 billion.
This is a positive sign that has increased the Bitcoin Cash Trade Volume since our previous market update. This action has given BCH the value of approximately $ 82 per coin in the global trade volume with about $ 98 million.
## BCH / USD Technical Indicator
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This shows that the least resistance path is still very low. These long-term 200 simple moving averages are still above the short-term 100 SMA trend line. It is looking at the BCH / USD 4 hour chart on the Bitstamp; this indicates that today's bear’s reign.
## Decision: uncertainty remains strong with crypto-markets under their 200-day average
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These stochastic and Macd readings show a similar negative direction because there will be some amazing bull action to make things less dreary. This relative strength index "RSI ~ 21.96" is also indicative of the recession because RSI is still showing an overload market.
The back side of its support is very decent from the current gain point to $ 75 where the purchase order starts to become slender. There is some resistance up to $ 100 from now to order on this upside down bull and there is some easy sea from there.
[source](https://news.bitcoin.com/markets-update-bears-continue-to-drag-cryptocurrency-prices-down
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