Monday, Dec. 3 - Crypto markets have today again taken a major downturn, with all of the major coins by market cap seeing significant losses of within a 4 and 10 percent range, as data from Coin360 shows.
Bitcoin has dropped below the $4,000 price point, down about 7 percent on the day to trade at $3,868 at press time.
Having lost its midweek gains, Bitcoin is breaking more or less even on its 7-day chart, up by just a fraction of a percent; monthly losses are at a stark 39.6 percent, according to Cointelegraph's Bitcoin Price Index.
Second-largest crypto by market cap Ripple is down by around 5 percent on the day, trading at $0.34 as of press time, according to Cointelegraph's Ripple Price Index.
Ripple's weekly and monthly charts are also in the red, with losses of 7.6 and 23.7 percent respectively.
Third-ranked crypto by market cap Ethereum has tumbled in recent trading hours, down almost 8 percent to trade at $107 at press time.
On the week, Ethereum is 4.6 percent in the red, with monthly losses pushing 46 percent.
Eight largest ranked crypto Litecoin is also down 9.25 percent on the day to trade at $30.82.Newly-forked "Bitcoin SV", ranked ninth, is down over 8 percent at $92.39, with Bitcoin Cash, ranked 5th, down 7.4 percent at $160.60.The remaining coins in the top twenty by market cap are all seeing losses of between a 5 and 10 percent range.
IOTA is down just shy of 9 percent to trade at $0.27: privacy-focused alt Monero is also down 8.8 percent at $54.75.
Similar losses have hit Neo, Dash and ZCash, down 9, 8.4, and 9.9 percent respectively.
Crypto Assets See Losses Across the Board as BTC Falls Below $4,000
gepubliceerd op Dec 3, 2018
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.