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Sunday November 25th: The crypto markets suffered a new fall yesterday and are continuing today. The top 20 market capitalization crypto-currencies are still in the red and Bitcoin (BTC) is trading at less than $ 4,000.
The cryptography markets are recording a massive decline of at least 10-15%. Stellar (XLM) suffered the most, with a decline of more than 20% and a trading price of $ 0.14 at the time of publication, according to CoinMarketCap.
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Yesterday, November 24, Bitcoin plunged below the $ 4,000 mark, crossing the threshold for the first time since September 2017. Today, the main cryptocurrency has dropped further to $ 3,585 before stabilize around USD 3,800.
At press time, Bitcoin is trading at $ 3,835, down less than 10% in the last 24 hours.
The largest cryptocurrency is down more than 32% in the last 7 days. Before facing the first massive sale this month, Nov. 14, Bitcoin was trading steadily at around $ 6,300, up about 40% from its current price.
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The main EOS cryptocurrency (EOS) briefly surpassed Bitcoin Cash (BCH) in terms of market capitalization, becoming the fourth largest coin and the third largest after the third highest Ethereum summit (ETH). Bitcoin Cash suffers one of the largest losses, with a decline of about 19% on a day. Cryptocurrency has fallen more than 56% in the last 7 days, for around 165 USD.
Top 5 crypto-currencies by market capitalization
The total market capitalization of all the cryptocurrencies fell below $ 130 billion last night for the first time since mid-September 2017. At present, the total market capitalization is a little over 120 billion dollars, the daily volume of trade representing about 19 billion dollars. Bitcoin's market share now stands at 54.5%.
Total market capitalization table
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Total market capitalization table. Source: CoinMarketCap"data-reactid =" 121 ">Total market capitalization table. Source: CoinMarketCap
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Muneeb Ali, CEO of the blockchain project focused on decentralization Blockstack PBC, recently tweeted that the industry is entering a "crypto winter", insisting that "there is no need to deny or minimize it". The blockchain expert predicted that cryptographic investments "will probably dry up", causing closures of projects in the industry. However, the current state of the market is "far from over", with the "next wave" bringing a "bigger market", he said. "Data-reactid =" 122 "> Muneeb Ali, CEO of Centred Decentralization Blockchain, Blockstack PBC, recently tweeted that the industry is entering a "crypto winter", insisting that "there is no need to deny or minimize it". The blockchain expert predicted that cryptographic investments "will probably dry up", causing closures of projects in the industry. However, the current state of the market is "far from over", with the "next wave" bringing a "bigger market", he said.
Earlier this week, Hester M. Peirce, US Commissioner for Securities and Exchange (SEC), made a favorable statement to crypto, saying that regulators "must be willing to open the door to innovation a little wider ". Peirce stated that she "rejected[s] the role of guardian of innovation "and argued that this role is" very different "from the true mission of developing" effective markets "and protecting investors.
As Cointelegraph pointed out today, the former Goldman Sachs executive turned director of cryptography, Mike Novogratz, said the cryptography markets would "start moving year-round." next". The founder of the crypto-bank Galaxy Digital has told the press the institutions that enter the cryptographic space – giving as an example the projects of Bakkt and Intercontinental Exchange of Fidelity to open the encrypted trading.
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