The crypto market has shed over $25 billion in value over the course of the afternoon hours, as Bitcoin price was rejected at $13,000, sending it quickly below $12,000, and is at risk of falling further now that the bullish momentum is waning. Altcoins have also been dropping like flies amidst the powerful Bitcoin move.
Crypto Markets Shed $25 Billion. Total market capitalization had been battered by almost $25 billion falling from over $276 billion down to $252 billion a couple of hours ago. Bitcoin’s retest of $8k has lifted things a little during Asian trading but whether it will remain there seems unlikely at the moment. Altcoins have taken a beating as usual with a sea of red enveloping the charts this.
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The top 10 cryptocurrencies represent roughly 85 per cent of the total market value. Image Credit: Shutterstock Since its.
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2017), that puts its total value at around $25 billion, giving it the third highest market capitalisation in the cryptocurrency world, after Bitcoin and Ethereum.
However , it is worth noting, whilst leverage can magnify profits, it can also increase losses.
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As economic and political uncertainty pressure financial markets, the growth of stablecoins continues to make waves. Here are.
In the wake of bloodbath, crypto markets face a loss of $25 billion in the past 24 hours, as assets continue to fall steeply. The top cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Stellar (XLM) showed a steep decline of 14%,
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Above: Cryptocurrency market capitalization.
For instance, the BAT ICO raised $25 million in less than a minute, Cosmos raised $16 million,