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It was another disappointing 24-hour trade for the scrambled market with the market largely a sea of red this morning.
This brought the entire market value to slide over 1.5% to 122.5 billion US dollars according to the Coin Market Cap.
What is going on?
The encryption prices continued to fall despite some potentially positive industry news.
According to Bloomberg, sources told the newspaper that the US stock exchange Nasdaq intends to continue its plans to launch Bitcoin futures despite the significant fall in prices for this year.
The report suggests that the stock exchange could launch futures at the start of next year. It seems to be confident that the interest in cryptographic space will be sustained in the future and the collapse of the market for this year will not affect demand.
Elsewhere, Forbes reports that the bull and Timcoin Timken risk capital investor still believe that the entire global economy will eventually turn into cryptocurrencies. Bitcoin is expected to be the currency that drives change.
In light of this, Draper reaffirmed his prediction that the price of Bitcoin will rise to $ 250,000 per currency by 2022.
I'm not convinced of this prediction, but time will tell what happens. For now, though, here's how prices are going compared to 24 hours ago:
The Bitcoin (BTC) the price fell by a further 1.2% to US $ 3,749.11 per currency. This reduced the market capitalization of the giant crypto to 65.2 billion US dollars.
The Ripple (XRP) the price is down 2.5% to 34.84 US cents. This decline has reduced the XRP market capitalization to US $ 14 billion.
The Ethereum The price (ETH) fell by 1.8% to USD 106.84 per token. The market capitalization of ETH fell to US $ 11.05 billion as a result of this decline.
The Bitcoin money (BCH) the price fell 2.9% to $ 174.94, reducing Bitcoin's market capitalization to US $ 3.05 billion.
The Stellar (XLM) the price is down 2.7% to 14 cents in the United States. This may have reduced the market capitalization of US $ 2.7 billion, but due to heavier falls elsewhere it has jumped in the top five.
Outside the first five things have been mixed. EOS (EOS) fell 7.9% e Bitcoin SV (BSV) is down 6.4%, but To tie (USDT) is up 0.5%, litecoin (LTC) is greater than 0.9% e Monero (XMR) has climbed 2.5%.
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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.
