The top 20 cryptocurrencies has seen the lowest in just few weeks time, again. According to CoinMarketCap, most of the cryptocurrencies has claimed to fall excess at 10% except XRP which saw a fall of 25% – since the beginning of the day. In the last 24 hours, overall market capitalization for all the tokens had nearly lost $200 billion.
The drop in the cryptos market is result of the turbulence created across the globe, with Bitcoin reporting a dip of 4%, bottoming out at $11,182 before hiking a bit.
There are still altcoins that reported price gains with assets like siacoin, whereas Bitcoin Gold reported losses in excess over 30% in last 24 hours.
To be optimistic, this slump in the market is not as bad as the one in December 2017, where the market value fell below $200 billion.