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The 24 hours of trading were disappointing for the crypto market, which was again transformed into a red sea this morning.
This led to the total market value slipping more than 1.5% to 122.5 billion US dollars according to Coin Market Cap.
What happened?
Crypto prices continued to fall despite some potentially positive news from the industry.
According to Bloomberg, sources said at the press briefing that the US stock market Nasdaq intended to concretize its intention to launch Bitcoin futures despite the significant fall in prices this year.
The report suggests that the stock market could launch the futures at the beginning of next year. He seems confident that interest in crypto-space will be maintained in the future and that the collapse of the market this year will not affect demand.
In addition, Forbes reports that Tim Draper, a venture capital investor and venture capital investor in the Bitcoin sector, still believes that the entire global economy will eventually switch to cryptocurrencies. He expects Bitcoin to be the leading piece of change.
In light of this, Draper reiterated his prediction that the price of Bitcoin would rise to $ 250,000 per room by 2022.
I am not convinced by this prediction, but time will tell what will happen. For now, here's how prices are compared to 24 hours ago:
the Bitcoin The price (BTC) fell further by 1.2% to US $ 3,749.11 per piece. This reduced the cryptographic giant's market capitalization to 65.2 billion US dollars.
the Ripple (XRP) price down 2.5% to 34.84 cents US. This drop brought XRP's market capitalization down to 14 billion US dollars.
the Ethereum The price (ETH) fell by 1.8% to 106.84 USD per chip. Market capitalization of ETH fell to USD 11.05 billion as a result of this decline.
the Bitcoin Cash (BCH) fell 2.9% to 174.94 USD, bringing Bitcoin's market capitalization to 3.05 billion USD.
the Stellar (XLM) the price is down 2.7% to 14 cents US. This may have reduced its market capitalization by 2.7 billion USD, but due to heavier falls elsewhere, it has climbed into the top five.
Outside the top five, things were mixed up. EOS (EOS) fell by 7.9% and Bitcoin SV (BSV) is down 6.4%, but Attached (USDT) is up 0.5%, litecoin (LTC) is 0.9% higher, and Monero (XMR) increased by 2.5%.
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See the 10 actions
James Mickleboro, a contributor to Motley Fool, holds no position in any of the actions mentioned. Motley Fool Australia does not own any of the shares mentioned. We fools may not all have the same opinion, but we all agree that taking into account a wide range of ideas makes us better investors. Motley Fool has a disclosure policy. This article contains only general investment tips (under AFSL 400691). Authorized by Scott Phillips.
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