Daily crypto: Markets continue downward while bitcoin cash recovers lost ground

Daily crypto: Markets continue downward while bitcoin cash recovers lost ground.

Bildkälla: Shutterstock / Trijo News

Tim Haldorsson

tim.haldorsson@trijo.co

The total market cap for all cryptocurrencies has lost $8 billion over the last 24 hours. The platform Bakkt, created by the New York Stock Exchange, delays its platform launch.

The crypto markets have lost value and show red numbers. At present, about 85 of the 100 biggest cryptocurrencies are traded at lower prices than yesterday.

The market cap for all cryptocurrencies has dropped $8 billion over the last 24 hours – from $154 billion yesterday to $146 billion today.

The platform Bakkt delays its launch

Recently, there has been a lot of talk about the Bakkt platform, created by the New York Stock Exchange (NYSE). The platform is supposed to offer trading with so-called bitcoin futures, which is a contract that is exposed to the bitcoin price. Now, Bakkt delays its launch of the platform until January 24, 2019, from previously being scheduled to launch in mid-December 2018.

“These products represent a critical shift in the evolution of crypto markets toward more accessible, useful, and regulated instruments”, Kelly Loeffler, CEO at Bakkt, writes in a blog post.

“Bitcoin cash abc” recovers lost ground

If we look at the biggest cryptocurrencies, most of them show declines in prices. Stellar (-11,95%), xrp (-10,77%), ethereum (-8,31%) and bitcoin (-5,48%) have clearly lost in value, while “bitcoin cash abc” (+6,77%) has increased in value over the last day.

Bitcoin (-5,48%) is at the time of writing traded at around $4,427, a decline of about $200 from yesterday.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were factom (+22,32%) and ark (+17,89%), and those who performed the worst were bitcoin gold (-15,39%) and aion (-15,07%).

Asset: Price: % (24h)*
Bitcoin $4 427,26 -5,48%
Xrp $0,43132 -10,77%
Ethereum $129,77 -8,31%
Bitcoin cash (abc) $228,50 +6,77%
Stellar $0,19083 -11,95%

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

Follow Trijo News on FacebookTwitter and Telegram.

Keep up with the latest news

Read more