Markets Fail a Firm Rebound Attempt, Some Altcoins See Notable Daily Gains

Tuesday, Nov. 24: Bitcoin has failed to hold $4,000 support that it challenged yesterday, while most major cryptocurrencies by market cap have seen losses over the past 24 hours, according to CoinMarketCap.

9 of the top 20 cryptocurrencies are seeing mild gains today, with the ZCash and NEM prices increasing by more than 10 percent and 8 percent on the day, respectively.

Bitcoin is trading at $3,766 at press time, up around 0.28 percent over the past 24 hours.

After dipping to as low as $3,601 on Nov. 25, the major cryptocurrency briefly broke $4,000 yesterday, but failed to hold the gains.

Bitcoin has been trading around the $3,700 threshold over the day, with intraday high briefly spiking to as high as $3,823, and intraday low of $3,643.

Ripple, the second largest coin by market cap, is slightly down 1.30 percent, trading at $0.349.

Bitcoin SV, the hard fork of Bitcoin Cash, is the ninth top cryptocurrency by market cap, with total market capitalization of around $1.7 billion.

Earlier today, Bloomberg reported that major U.S. stock exchange Nasdaq still intends to launch Bitcoin futures in the first quarter of 2019 despite the recent crash.

Crypto investor Anthony Pompliano claimed that Bitcoin would likely drop to 85 percent below its all-time-highs and will stabilize around the $3,000 threshold.

While Pompliano said that Bitcoin is the "Best performing asset class over the past ten years," he still claimed that the major cryptocurrency was "Overvalued" in December 2017, when Bitcoin hit $20,000.