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Friday 7 December – Crypto's markets again suffered a severe downturn, with almost all the major market capitalization currencies having double-digit losses. Some coins have fallen by more than 20 percent, as shown by Coin360 data.
Viewing the Coin360 market
Bitcoin (BTC) reported a sharp increase of more than 11 percent in its 24-hour chart, and at the time of printing it traded at $ 3,400. Having tried to catch up on the price of $ 4,000 at the beginning of December – to trade for almost $ 4,300 briefly – the recovery of the best currency failed to hold up, and the business saw gradual losses in days before the vertiginous collapse of today.
In the week, Bitcoin decreased by about 20.5 percent; monthly losses are 47.3%.
Bitcoin 7-day price chart. Source: Cointelegraph bitcoin price index.
According to Crypto by market capitalization Ripple (XRP) is down about 12 percent during the day, trading at nearly $ 0.30 at the time of the press, according to Cointelegraph's Ripple Price Index. Ripple's weekly and monthly rankings are also red, with losses of 23.5 percent and 40 percent respectively.
7 days price chart ripple. Source: Cointelegraph & # 39; s Ripple Price Index.
Third-party encryption by market capitalization Ethereum (ETH) went even worse, with losses of 24 hours that pushed 16% at the time of printing. The highest altcoin has a double-digit value, currently trading at $ 84. During the week, Ethereum fell 31.4%; monthly losses are close to 60 percent.
Ethereum 7-day price table. Source: CoinMarketCap
Virtually all the remaining top ten coins on CoinMarketCap are turning dark red; Stellar (XLM) and Bitcoin Cash (BCH) are both down by almost 18 percent, respectively at $ 0.11 and $ 102.3; The eighth largest ranked Crypto Litecoin (LTC) fell nearly 15%, trading at $ 25.3 and EOS (EOS) is the most hit, down nearly 23% of the day at $ 1.68 .
The newly launched "Bitcoin SV" (BSV) is the only exception in the top ten, with a 20% rise on the day it trades around $ 109, sealing the ranking of the fifth largest encryption. With a market capitalization of around $ 1.94 billion as of press time, BSV holds a reduced margin ahead of BCH; the last, in 7th place, currently has a market capitalization of about $ 1.77 billion.
Just yesterday, the news was interrupted by a new lawsuit brought by the technology development company UnitedCorp against Bitmain, Bitcoin.com, Roger Ver and Kraken Bitcoin Exchange, which supports the defendants involved in manipulation and improper practices during the immediate consequences of the hard BCH -BSV fork.
The coins remaining in the top twenty by market capitalization are seeing all losses between 8 and 22 percent.
IOTA (MIOTA) fell more than 16 percent to $ 0.22: Binance Coin (BNB) fell just under 20 percent to $ 4.56, and Monero (XMR) and ZCash (ZEC) focused on privacy decreased respectively by 14.5% and 20%.
Similar losses hit Dash (DASH) and Neo (NEO): with the first decline of 21.7 percent to 61.33 dollars, the last 17.4 percent to 5.85 dollars.
Dogecoin (DOGE), 20th ranked, is the "strongest" performer of 24 hours, down 2.6% to $ 0.0021.
The total market capitalization of all cryptocurrencies is about $ 107.1 billion at the time of printing, down about 20% from the start of its weekly chart, when it was close to $ 136 billion.
Weekly chart of the total market capitalization of all CoinMarketCap cryptocurrencies
With the markets continuing to be gloomy, the US Securities and Exchange Commission (SEC) has once again postponed its decision to the high-profile Bitcoin fund (BTC) quoted by the investment company VanEck and the blockchain company SolidX .
A new deadline of the end of February 2019 has been set; SEC Commissioner Hester Peirce – who has earned the nickname "Crypto Mom" for his disagreement over the SEC's decision to reject a Bitcoin ETF proposed by the Winklevoss twins – told investors this week; "Do not hold your breath" while awaiting the approval of BTC's ETF.
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