Crypto Markets Shed $25 Billion As Cryptoassets Plunge Again

Investing, News | May 17, 2019 By:

The cryptocurrency markets have taken a deep plunge today after more than a week of bullish growth. Total market capitalization has declined by over $25 billion in the last 24 hours, from $255 billion to $230 billion.

After pushing above the $8,000 level this week, the price of bitcoin is down more than 8 percent over the past 24 hours, and is trading at around $7,330.

The rest of the top ten coins are down by significant percentages, with XRP, Bitcoin Cash, Stellar and Cardano all losing more than 10 percent in value.