Daily crypto: Bitcoin falls and now makes up 50 percent of entire crypto market cap

Daily crypto: Bitcoin falls and now makes up 50 percent of entire crypto market cap.

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Christian Ploog

christian.ploog@trijo.co

In Turkey, trading volume increased on the countries' cryptocurrency exchanges after market worries, and for the first time since December 2017, bitcoin makes up 50 percent of the total cryptocurrency market capitalization.

Bitcoin (-4,70%) continues to be weak. Late last night, the price dropped to less than $6,000 on the crypto exchange Bitstamp. It is the lowest price since the end of June.

Bitcoin, however, has recovered slightly since the dip and is now trading at around $6,100.

In addition, we can note that bitcoin now makes up more than 50 percent of the total market capitalization of all cryptocurrencies for the first time since December 2017, Coindesk reports.

Big declines

The other big cryptocurrencies have fallen significantly. Ethereum (-11,55%) and xrp (-11,29%) are those that have decreased most in value.

The cryptocurrencies on top 100 that performed the best were nxt (+7,78%) och huobi token (+0,48%), and the ones that performed the worst were odem (-23,41%) and paypex (-23,21%), according to Coinmarketcap.

Economic worries in Turkey

In Turkey, trading volume increased on the countries’ cryptocurrency exchanges during Friday after the Turkish lira fell. This as a result of market worries, among other things, following President Recep Tayyip Erdoğan’s economic policy, Coindesk writes.

Asset: Price: % (24h)
Bitcoin $6 155,65 -4,70%
Ethereum $320,24 -11,55%
Xrp $0,300621 -11,29%
Bitcoin cash $555,41 -7,48%
Eos $5,16 -9,06%

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