Top 20 cryptocurrencies took a harsh fall today

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.

 

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