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With the encrypted winters starting last month, the market has had to face a crash with all the major currencies that crashed at the lows of the year. Together with prices, even the total market capitalization has been falling sharply. Over the past 24 hours, over $ 15 billion has been eliminated from the encrypted markets leaving only about $ 110 billion of market capitalization behind it.
Bitcoin was struggling to maintain support around $ 3600 a few weeks after the collapse from $ 6500 to $ 4200 last month. Yesterday, however, Bitcoin broke the key support to move below $ 3400, showing a loss of around 12% in the last 24 hours breaking its record of 15 months. Cryptocurrency analysts were predicting that the lowest level is not yet reached when bitcoin has dropped to $ 3550. Analysts say the bitcoin will fall by at least $ 2,500 and may even drop further to $ 1,500 this year, since the most important support that has lied between $ 3500 and $ 3700 is now broken. Furthermore, the total market capitalization of bitcoins, the king of cryptocurrencies, has fallen below $ 60 billion.
Following Bitcoin, Ethereum has crashed massively over the last 24 hours, showing a loss of around 17%. Ethereum kept support close to $ 105 for several days, but yesterday broke support for moving to double digits. Ethereum is trading around $ 84 at this time with signs of further losses.
All the best cryptocurrencies for market capitalization fell by 11% -24%, with the exception of Bitcoin SV (the newest bitcoin money hard fork) which shows exceptional gains up 22% in the last 24 hours. Other altcoins like XRP, Stellar, Bitcoin Cash, EOS, Litecoin, TRON etc. They are facing huge losses in the last 24 hours.
Bitcoin SV beats Bitcoin Cash
Bitcoin SV has detected Bitcoin Cash in the market capitalization and in the price in the last 24 hours. Currently, the market capitalization of Bitcoin SV is about $ 1.93 billion and the market capitalization of Bitcoin Cash is about $ 1.78 billion. The price of Bitcoin SV is currently $ 110 and Bitcoin Cash is $ 102.
The total capitalization of the cryptocurrency market is approximately $ 107 billion at the time of publication. Market capitalization fell more than 12% in just 24 hours and is still declining. All investors are waiting for the cryptic winters to end soon.
