The cryptocurrency markets are a sea of red today, with all the top 10 cryptocurrencies by market cap reporting double-digit percentage losses for the last 24 hora.
Bitcoin has dropped 16 % over the same period to 10-week lows below $8,000 and could suffer its worst weekly loss (more than 25 %) since April 2013. The cryptocurrency suffered a 30-percent drop in January and is down 45 % on a year-to-date basis.
Ethereum’s ether token is down by 28 %. Te cryptocurrency i te rai e mea faaoromai na muatu i teie hepetoma, Ua faataehia e institutional flows pu i Venezuela ’ s i te faaotiraa i te presale petro cryptocurrency i nia i te paepae o te ethereum. Tera ra, te veisala au e hio i tei roaa i te paruparu e te ETH i te hopea i ite trading na $785.
Meanwhile, Ripple ’ s XRP tahi au te toru i nia i te tapura no te haapoupouhia i te 35 hanere i te tahi. I teie nei sa bale te cryptocurrency $0.635 – te faito haehaa roa ae mai te Dec. 15. Te pee nei e haamata ino o te XRP i te matahiti, i te hoe 49 hanere e topa i roto i te avae tenuare.
-Anae-hia, the total market capitalization of all cryptocurrencies taken together has dropped more than $100 billion.
Further down the chart, striking a rare positive note amid the gloom and doom, a gold-backed token named DigixDAO (DGD) stands out after having posted 30 percent gains.
Te taata papai: Richard Abermann