Daily crypto: Markets continue downward and bitcoin cash loses the most of the biggest currencies

Daily crypto: Markets continue downward and bitcoin cash loses the most of the biggest currencies.

Image source: Shutterstock / Wikimedia Commons

Tim Haldorsson

tim.haldorsson@trijo.co

The total market cap for all cryptocurrencies has lost $8 billion. Also, an American crypto mining company has filed for bankruptcy.

The crypto markets have gone downwards in the last 24 hours. Currently, about 85 of the 100 biggest cryptocurrencies are traded at lower prices than yesterday.

The market cap for all cryptocurrencies has lost $8 billion over the last 24 hours – from $149 billion yesterday to $141 billion today.

The American crypto mining company Giga Watt is now filing for bankruptcy. This after the crypto markets have lost over 80 percent in 2018. According to the bankruptcy filing, Giga Watt has assets valued at $500,000, while they have debts of between $10 million and $50 million, the news site Fox News writes.

Bitcoin cash loses the most

Looking at the biggest cryptocurrencies, all of them have lost in value over the last 24 hours. Bitcoin cash (-9,97%) and ethereum (-6,35%) have lost the most, but also stellar (-5,71%), xrp (-4,87%) and bitcoin (-3,65%) have lost in value over the last 24 hours.

Bitcoin (-3,65%) is at the time of writing traded at around $4,377, a decline of about $200 from yesterday.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were augur (+17,00%) and aurora (+15,75%), and those who performed the worst were polymath (-11,80%) and decentraland (-11,48%).

Asset: Price: % (24h)*
Bitcoin $4 377,94 -3,65%
Xrp $0,41876 -4,87%
Ethereum $125,70 -6,35%
Stellar $228,50 -5,71%
Bitcoin cash $0,19083 -9,97%

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

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