Cryptocurrency market capitalization drops below $ 400 billion
The cryptocurrency market meets the middle of the week with a decline, replacing the growth observed for several days. 9 of the 10 largest were in the red against the US dollar. Many of them lose 10 percent or more, and only EOS demonstrates positive dynamics.
The change in direction took place at about 3:00 Moscow time, when the segment’s capitalization was approaching $ 437 billion. In two and a half hours, the market lost $ 30 billion and, despite a short recovery, continued to decline in the first half of the day. At the time of publication, the total value of all cryptocurrencies is $ 394 billion.
Bitcoin, which has risen by more than 50% in the last month, has lost about 2% in the last 24 hours and is traded on the Bitfinex exchange around the level of $ 9,150.
As CoinDesk notes in its material, the last movements can only be a temporary stop on the way to the $ 10,000 mark. trend.
CNBC presenter Ran Neuner, in turn, said that he is using the current opportunity to add positions, and explains the negative dynamics by too rapid ascent in recent days..
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