Crypto Markets Drops as Bitcoin Fails to Hold $5,300 Support, Stocks Hit All-Time Highs
Monday, April 29 — after seeing moderate gains yesterday, crypto markets have tumbled at press time, with most of the top 20 coins by market cap in the red.
Bitcoin cash (BCH), the fourth top crypto by market cap, has dipped as much as 7.1% over the day to trade at $242 at press time.
While the majority of the top 20 are seeing sufficient losses, IOTA (MIOTA) has surged almost 18% over the past over the past 24 hours. The growth comes amidst the news that British car manufacturer Jaguar Land Rover today confirmed its partnership with Iota to use its blockchain network to reward drivers with crypto for data reporting.