Bloody in the crypto markets – ethereum declines seven percent

The crypto markets have declined sharply in the last 24 hours. At the moment, around 90 of the 100 biggest cryptocurrencies show red numbers.

The market cap for all cryptocurrencies has also declined over the last 24 hours – from $120 billion yesterday to $114 billion today.

That is $6 billion decline.

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Ethereum declines seven percent

If we look at the biggest cryptocurrencies, all of them show red numbers in the last 24 hours. Ethereum (-7,45%) has declined most and is currently trading at $107. But also xrp (-5,26%), eos (-5,15%) and bitcoin (-3,56%) have fallen in price.

Many also seem to have sold their cryptocurrencies in exchange for tether (-0,10%), a so-called “stablecoin” that is supposed to follow the dollar, as the market cap for the cryptocurrency has risen considerably and, among other things, has passed bitcoin cash (-11,30%). At the time of writing, Tether is the world’s fifth-biggest cryptocurrency.

The world’s biggest cryptocurrency bitcoin is currently trading at $3,468, which is around $131 lower than yesterday. This also means that the cryptocurrency has broken through the $3,500 level which has acted as a support level lately.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were pundi x (+18,02%) and holo (+17,02%), and the ones that performed the worst were theta (-18,88%) and loopring (-17,07%).

*All numbers in this article are from Coinmarketcap.com.

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