Cryptocurrency Markets Drains $15 Billion in 24 Hours

Cryptocurrency Markets Drains $15 Billion in 24 Hours

Crypto Market News
September 25, 2018 by Jane
1268
Cryptocurrency Market Drops After A Week Of Growth to dash all hopes, wiping out all gains over the past few days. The current market cap is at $211,601,750,220 and seems to be still shrinking. Last week saw a market cap of well over $220 billion. Most altcoins are replicating the movement of the biggest cryptocurrency as
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Cryptocurrency Market Drops After A Week Of Growth to dash all hopes, wiping out all gains over the past few days.

The current market cap is at $211,601,750,220 and seems to be still shrinking. Last week saw a market cap of well over $220 billion.

Most altcoins are replicating the movement of the biggest cryptocurrency as the total market capitalization dropped by $15 billion during the past 24 hours in Asian Market.

There are some heavy losses in the top ten with XRP crashing 17% to $0.478. Stellar and Cardano are also hurting with 11% slides and EOS is not far behind losing 9% on the day. As before several days of gains are lost on one quick selloff as inexperienced traders panic.

Another altcoin in pain at the moment is Stellar Lumens as XLM sheds 11% on the day to $0.235. The past week has been a good one for XLM has it has gained almost 20% from $0.196 this time last Tuesday, however, those gains are now going down the digital pan.

Add up to crypto market capitalization has fallen by $15 billion on the day bringing about a 6.5% slide to simply over $212 billion at the season of composing. Exchange volume is presently around $14 billion which is higher than in earlier weeks.

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