The broader market selloff has wiped $146 billion off of the cryptocurrency market in the last three weeks alone. The majority of the top ten coins posted a double-digit decline in the previous week. Cardano (ADA) and Bitcoin Cash (BCH) were among the biggest losers. Both coins lost 25% of their value last week. Ethereum (ETH) was the third biggest loser followed by Stellar (XLM) and IOTA (MIOTA).
The market participants and technical analysts, on the other hand, are seeing the extension of the bearish trend into this week.
Willy Woo, the …
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