The crypto selloff has continued in the last 24 hours with the crash this morning. In fact, only three coins in the top 50 are in positive territory since yesterday. The latter downturns have weighed on the value of the entire market, reducing it by 2.1% in the period to US $ 191.3 billion according to the Coin Market Cap. The declines were more pronounced among the alt coins, bringing the Bitcoin share. of the entire market to reach the highest level this year. Bitcoin currently accounts for 56.8% of the market compared to a low …
The crypto selloff has continued in the last 24 hours with the crash this morning. In fact, only three coins in the top 50 are in positive territory since yesterday.
These last decreases have weighed on the value of the entire market, reducing it by 2.1% in the period to 191.3 billion US dollars according to Coin Market Cap.
The declines were more pronounced among the coins alt, bringing Bitcoin's share of the entire market to reach the highest level this year. Currently Bitcoin represents 56.8% of the market, compared to a minimum of about 32% in January.
The reason that coins are falling out louder today may be due to a New York federal judge stating that US law can be used
According to Reuters, this will allow federal prosecutors to prosecute people that have defrauded investors with unrewardable initial money offerings (ICO).
Here is the status of the work Wednesday morning compared to 24 hours ago:
The price of the Bitcoin (BTC) fell by 0.5% to 6.295.22 USD per currency, reducing the capitalization market share to 108.7 billion US dollars.
The Ethereum (ETH) fell by a further 6% to $ 184.22 per token. This decline leaves Ethereum with a market capitalization of 18.8 billion US dollars.
The price Ripple (XRP) fell 1.7% to 26.3 US cents, leaving the alt currency with a market capitalization just over USD 10.4 billions
The price Bitcoin Cash (BCH) fell 7% less than USD 433.30 per token. This reduced the market capitalization of the Bitcoin spinoff to 7.5 billion US dollars.
The price of EOS (EOS) fell by 3.2% to $ 4.86. This decline leaves EOS with a market capitalization of 4.4 billion US dollars.
Outside the first five things were equally gloomy, except for the price Stellar (XLM). Stellar rose 5.4% to 20.12 US cents after the ICO service platform TokenSoft announced plans to launch support for Stellar protocol projects.
Elsewhere, Litecoin (LTC) fell 4.7%, Tether (USDT) is down 0.5%, Cardano ( ADA) is 6.3% off and Monero (XMR) has lost 2%.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all have the same opinions, but we are all convinced that, considering a diversified range of insights, we have become better investors. Motley Fool has a disclosure policy. This article contains only general investment advice (with AFSL 400691). Authorized by Scott Phillips.