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Markets suffer a renewed recession, the scrambles hit by heavy losses across the board

Friday, December 28 – the markets have resumed a new dip, with almost all the first 100 cryptocurrencies in the red and many high market shares have seen losses between 5 and 12 percent, as shown by Coin360 data.

Market display

Viewing the Coin360 market

The fourth largest cryptocurrency Bitcoin Cash (BCH) drove the recession, seeing a strong 12.15% loss on the day it traded at $ 126. Today marks a low point on the 7-day chart of the # 39; the beginning of which was trading over $ 220.

Chart of prices in 7 days of Bitcoin Cash

Chart of prices in 7 days of Bitcoin Cash. Source: Cointelegraph Bitcoin Cash Prices Index

Bitcoin (BTC) saw a more moderate loss of around 4% during the day, and traded at $ 3.605 at the time of printing. Having reached the mid-week levels of about $ 4,230 on December 23rd, the renewed recession of the most important currency has almost reversed recent gains and bitcoin has returned to close at half its value in mid-December.

Bitcoin losses remain a mild 2.4% in the week and 3.6% in the month.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Cointelegraph bitcoin price index.

According to Crypto by market capitalization Ripple (XRP) is down more than 5 percent during the day, according to Cointelegraph's price ripple index. Despite a peak in the $ 0.45 intraweek on December 23rd, Ripple was traded mostly between $ 0.35- $ 0.39. Alt approached the price point that was held on December 21st – weekly losses amounted to a slight 1%; in the month, the ripple fell by more than 4 percent.

7 days price chart ripple

7 days price chart ripple. Source: Cointelegraph & # 39; s Ripple Price Index.

Ethereum (ETH), in third place by market capitalization, is down more than 7% and trades at $ 115 at the time of printing. Following the midweek highs of over $ 150, the alt has pretty much made the full round of the week, reversing recent growth.

The Ethereum 7-day price table

The Ethereum 7-day price table. Source: Cointelegraph Ethereum Price Index

Among the top ten coins on CoinMarketCap, Bitcoin SV (BSV) lost about 11 percent of the day to trade for $ 83.20. EOS (EOS), Stellar (XLM) and Litecoin (LTC) all left 6-7 percent of the day.

Among the top twenty, Ethereum Classic (ETC) and Nem (XEM) are down, respectively losing 8.3 and 9.2 percent to $ 4.82 and $ 0.06 respectively. Dash (DASH), Cardano (ADA) and Tron (TRX) are all down more than 7 percent – the strongest 24 hour performer is IOTA (MIOTA), which is down 3.8 percent of the day to $ 0.31.

The total market capitalization of all cryptocurrencies is about $ 120.4 billion from the time of the press, down from a maximum of intraweeks of over $ 146.5 billion on December 24th.

Weekly graph of the total market capitalization of all cryptocurrencies

Weekly chart of the total market capitalization of all CoinMarketCap cryptocurrencies

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