Daily crypto: Declining markets – stellar loses the most of the biggest currencies

Daily crypto: Declining markets – stellar loses the most of the biggest currencies.

Image source: Shutterstock / Trijo News

Tim Haldorsson

tim.haldorsson@trijo.co

The total market cap for all cryptocurrencies has lost around $2 billion in the last 24 hours. In addition, a "51 percent attack" is reported on the cryptocurrency aurumcoin.

The crypto markets have lost value over the last 24 hours. At the time of writing, about 87 of the 100 biggest cryptocurrencies show red numbers.

The market cap for all cryptocurrencies has dropped about $2 billion over the last 24 hours – from $211 billion yesterday to $209 billion today.

Aurumcoin backed by physical gold

There has been a so-called “51 percent attack”, an attack where a hacker or a group of hackers takes control of the mining of a cryptocurrency, on the cryptocurrency aurumcoin. Aurumcoin is a currency that claims to be backed by physical gold and is currently in place 400 among the biggest cryptocurrencies. The hacker started the attack by sending aurumcoin worth $500,000 to the crypto exchange Cryptopia.

Then it looks like the hacker exchanged the aurumcoin to other cryptocurrencies. After that, the hacker took control of aurumcoin’s mining and managed to remove the transaction to Cryptopia. This made the person or group who made the attack to still hold their original aurumcoin, CCN writes.

Stellar loses the most

When we look at the biggest cryptocurrencies, a majority show red numbers over the last 24 hours. Stellar (-5,41%), xrp (-1,82%), ethereum (-1,48%) and bitcoin (-0,42%) have lost in value, while bitcoin cash (+2,18%) has gained in value over the last day.

Bitcoin (-0,42%) is currently trading at around $6,349, which is $40 lower than yesterday.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were etheera (+11,33%) and sirin labs token (+7,44%), and those who performed the worst eternal token (-17,99%) and wax (-17,17%).

Asset: Price: % (24h)*
Bitcoin $6 349,57 -0,42%
Ethereum $206,32 -1,48%
Xrp $0,50807 -1,82%
Bitcoin cash $521,62 +2,18%
Stellar $0,25341 -5,41%

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

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