Cryptocurrency Market Cap Retreats Below $400 Billion

It’s another day in the red for the cryptocurrency markets, as 97 of the top 100 cryptocurrencies have posted 24-hour declines against the US dollar. The Bitcoin price headlined the retreat by declining to an 80-day low, and other top coins fared equally as poorly. Altogether, the cryptocurrency market cap declined by $52 billion to $363 billion, representing a single-day pullback of nearly 13 percent. Bitcoin Price Falls to 80-Day Low The downturn reduced the Bitcoin price┬áby another 12 percent, bringing the most prominent cryptocurrency to an 80-day low. At present, the Bitcoin price is valued at just $7,660, which … Continue reading Cryptocurrency Market Cap Retreats Below $400 Billion