Ethereum and Stellar Crash In Crypto Crunch 24 hours – Cancellation of $ 10 billion

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Ethereum and stellar lumens, two of the biggest cryptocurrencies in the world, have brought the last sell-off sweep the bitcoin and the crypto-market– which saw about $ 10 billion canceled from the total value of world cryptocurrencies in just 24 hours. & Nbsp;

Bitcoin itself was hit hard, recording losses of more than 8% on the last day and bringing its price to annual lows below $ 3,300. Ethereum and stellar lost 12% and 13% respectively.

Ethereum & # 39; s ether, the marketable token of the ethereum network, & nbsp;temporarily dropped to $ 13 on GDAX, a high-performance trading platform operated by Coinbase, in a flash crash that has exacerbated the sale of ethereum and has shipped well into digital double territory for the first time this year.

Ethereum is steadily declining in 2018 after an epic run last year.Getty

The bitcoin market and wider cryptocurrency has everyone was stuck in a strong downward trendrwith a civil war in bitcoin cash cryptocurrency last month triggered a sudden sell-off that scared investors and sparked the fear that bitcoins and other important digital tokens could lose their full value.

The battle for control of the bitcoin liquidity network saw the ABC bitcoin, giving it the bitcoin cash name and leaving its rival bitcoin SV struggling for survival. Bitcoin SV has staged a comeback in recent days, however, for a brief period, it has surpassed bitcoins in cash by market capitalization, as it loses less in the last route.

After months of relative stability, bitcoin volatility exploded in November, with the bitcoin registering its most serious monthly crash in seven years and the spark& Nbsp;the speculation that the bitcoin experiment could end.

The price of Ethereum dropped this week under $ 100 for the first time in 2018.Coindesk

Ripple's XRP has also struggled recently, with the traditional financial services token initially isolated from the so-called cryptographic winter.

Ripple, the common name for the XRP coin, & nbsp; it is down about 9% in the last 24 hours and down more than 40% in the last month.

Despite the mass sales that hit the bitcoin and cryptocurrency market over the last month, major US offices Coinbase announced today that plans to add support for 90% of the largest digital assets by capitalization of market.

The latest bitcoin and cryptocurrency sales have left only bitcoin SV in the green.CoinMarketCap

"The goal of Coinbase is to provide support for all resources that meet our standards and are fully compliant with local law," the San Francisco-based exchange he said in a blog post. "Over time, we intend to offer our customers access to over 90% of all digital assets that are compliant by market capitalization.To make this vision a reality, we evaluate the potential assets with respect to our Digital Asset Framework for evaluate factors such as safety, compliance and alignment of the project with our mission to create an open financial system for the world. "

After much speculation, Coinbase has stated that it is considering the addition of large coins Cardano, EOS, Neo, Lumen stellari and Ripple's XRP.

The bitcoin cash civil war is not the only bad news for bitcoin over the last month, with the US Securities and Exchange Commission (SEC) repressing the encrypted space in recent weeks, inflicting sanctions last month to two companies that had not registered their initial offerings of coins as securities.

Last week, the head of the SEC said that concern for the lack of investor protection means& Nbsp;is willing not to approve a closely monitored bitcoin listed fund& Nbsp;application. A SEC decision is expected by the end of December.

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Ethereum and stellar lumens, two of the biggest cryptocurrencies in the world, have brought the latest sales to wipe out the bitcoin and the crypto-market– which saw about $ 10 billion canceled from the total value of world cryptocurrencies in just 24 hours.

Bitcoin itself was hit hard, recording losses of more than 8% on the last day and bringing its price to annual lows below $ 3,300. Ethereum and stellar lost 12% and 13% respectively.

Ethereum & # 39; s ether, the marketable token of the ethereum network, temporarily dropped to $ 13 on GDAX, a high-performance trading platform operated by Coinbase, in a flash crash that has exacerbated the sale of ethereum and has shipped well into digital double territory for the first time this year.

Ethereum is steadily declining in 2018 after an epic run last year.Getty

The market for bitcoins and larger cryptocurrencies remained stuck in a strong downward trend throughout the year, with a civil war in bitcoin cash cryptocurrency last month which triggered a sudden sell-off that scared investors and sparked bitcoin fears and other important digital tokens could lose their full value.

The battle for control of the bitcoin liquidity network saw the ABC bitcoin, giving it the bitcoin cash name and leaving its rival bitcoin SV struggling for survival. Bitcoin SV has staged a comeback in recent days, however, for a brief period, it has surpassed bitcoins in cash by market capitalization, as it loses less in the last route.

After months of relative stability, bitcoin volatility exploded in November, with the bitcoin registering its most serious monthly crash in seven years and the spark the speculation that the bitcoin experiment could end.

The price of Ethereum dropped this week under $ 100 for the first time in 2018.Coindesk

Ripple's XRP has also struggled recently, with the traditional financial services token initially isolated from the so-called cryptographic winter.

Ripple, the common name for the XRP currency, is down about 9% in the last 24 hours and down more than 40% in the last month.

Despite the mass sales that hit the bitcoin and cryptocurrency market over the last month, major US offices Coinbase announced today that plans to add support for 90% of the largest digital assets by capitalization of market.

The latest bitcoin and cryptocurrency sales have left only bitcoin SV in the green.CoinMarketCap

"The goal of Coinbase is to offer support for all resources that meet our standards and are fully compliant with local laws," said the San Francisco exchange in a blog post. "Over time, we intend to offer our customers access to over 90% of all digital assets that are compliant by market capitalization.To make this vision a reality, we evaluate the potential resources compared to our Digital Asset Framework for evaluate factors such as safety, compliance and alignment of the project with our mission to create an open financial system for the world. "

After much speculation, Coinbase has stated that it is considering the addition of large coins Cardano, EOS, Neo, Lumen stellari and Ripple's XRP.

The bitcoin cash civil war is not the only bad news for bitcoin over the last month, with the US Securities and Exchange Commission (SEC) repressing the encrypted space in recent weeks, inflicting sanctions last month to two companies that had not registered their initial offerings of coins as securities.

Last week, the head of the SEC said that concern for the lack of investor protection means is willing not to approve a closely monitored bitcoin listed fund application. A SEC decision is expected by the end of December.

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