The price of cryptocurrencies across all markets continued to tumble in value over the past 48 hours.
Bitcoin (BTC) markets began tumbling on March 5, after the price soared to a high of $11,650 during the evening trading sessions. Right after that development, the value dropped to $10,600 on March 6 dropping $1,000 in value. It didn’t get much better the next day after the U.S. Securities and Exchange Commission (SEC) cautioned about unlawful trading platforms, BTC slipped once again losing another 20%.
Cryptocurrencies have lost some fiat value over the past days as the entire market of over 1,500 digital assets has shaved billions off the overall market capitalization.
At the moment, the aggregated valuation of all digital assets is roughly $380 billion as of press time.
As of 12:25 AM UTC, bitcoin was exchanging at $9,459.78, dropping nearly 6% according to data from CoinMarketCap. BTC dominance amongst all 1500 digital assets within the crypto-economy is roughly 42% today.
Meanwhile, 24-hour volumes for the top 100 cryptocurrencies are all seeing percent losses. The top 10 are all in the red by as much as 16% in the last 24 hours.
Ethereum (ETH) markets are down 6.7% as one ETH is averaging $707 per token. Ripple (XRP) prices are also seeing losses, and at the moment its values are down 5.3% percent. An XRP is roughly $0.832312 cents at press time.
Bitcoin cash (BCH) is seeing losses of around 5.13%. One BCH is averaging $1,047.01 per coin. Lastly, Litecoin’s prices are also down 4.83% percent as one LTC is $177.83.
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