Markets Take Renewed Downturn, Cryptos Hit By Strong Losses Across The Board

Fourth-largest cryptocurrency Bitcoin Cash has led the downturn, seeing a steep 12.15 percent loss on the day to trade at $126. Today marks a low-point on the alt's 7-day chart, at the start of which it was trading over $220.Bitcoin Cash 7-day price chart.

Bitcoin has seen a more moderate loss of around 4 percent on the day, and is trading at $3,605 to press time.

Having hit intra-week levels as high as around $4,230 on Dec. 23, the top coin's renewed downturn have all but reversed recent gains and Bitcoin is back trading close to its value mid-December.

Bitcoin's losses remain a mild 2.4 percent on the week and 3.6 percent on the month.

Second-largest crypto by market cap Ripple is down over 5 percent on the day, according to Cointelegraph's Ripple Price Index.

The alt has today come close to the price point it held on Dec. 21 - weekly losses are at a mild 1 percent; on the month, the Ripple is down over 4 percent.

Ethereum, ranked third by market cap, is down over 7 percent and trading at $115 at press time.

Among the top ten coins on CoinMarketCap, Bitcoin SV has shed close to 11 percent on the day to trade at $83.20.

Among the top twenty, Ethereum Classic and Nem are down the most, shedding 8.3 and 9.2 percent at $4.82 and $0.06 respectively.

Dash, Cardano and Tron are all down over 7 percent - the strongest 24-hour performer is IOTA, which is down a milder 3.8 percent on the day at $0.31.