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-6.38%
Ethereum 24h

$2,124.94
-135.56
-6.38%
XRP 24h
$1.30
-11.91%
XRP 24h

$1.30
-0.15
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Bitcoin Cash 24h
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-13.71
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TRON 24h

$0.12
-0.02
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IOTA 24h
$1.98
-18.78%
IOTA 24h

$1.98
-0.37
-18.78%
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Zcash 24h

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$18.14
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Huobi Token 24h

$18.14
-0.11
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Maker 24h
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Maker 24h

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Ontology 24h
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Bitfinex Token LEO Official Doc Shows Plans For Raising Up To $1bn CTO Balaji S Srinivasan Another One To Leave The Company

Stefan by Stefan
15/11/2018
in Altcoin News
1 min read
0
market cap loses, bitcoin, btc, altcoins, eth
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The latest news on our DC Forecasts crypto news site clearly show d0wnward movements for both Bitcoin and many altcoins in the market. The prices of major cryptocurrencies have dropped significantly.

Currently, Bitcoin is trading at around $5,639 falling by more than 12% on the day and showing big signs of volatility as a leader in terms of market capitalization. Speaking of which, the market cap behind Bitcoin dropped below the $100 billion level for the first time since November 12th last year.

In the past 12 hours, the total market capitalization fell from $210 billion to the current $180 billion, depreciating by 15% and leading the market to the lowest value since October 31st of last year.

There are many other major cryptocurrencies that are reporting declines in excess of 10% on the day. Some of them are Ethereum, Ripple (XRP) and Bitcoin Cash – the latter of which holds the record for its continuous decline over the past week.

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What’s also important to note is the fact that Ripple (XRP) is now the second largest cryptocurrency by market cap – overcoming Ethereum (ETH) overnight.

No one knows if the situation will continue like this. Analysts believe that if a quick bullish run initiates, everyone might be able to ‘forget’ this sad Thursday for crypto. However, an action like that would force Bitcoin to immediately gain control over $6,000 and altcoins to follow, which is beyond impossible at this moment.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: 2018capitalizationcryptofallenhaslowmarkettoyearly
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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