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Crypto market fluctuates about $500 billion

With bitcoin exceeding $ 11,000, the market capitalization of all cryptocurrencies is gyrating around $ 500 billion - and, perhaps, building a base for a step higher.

21.Feb.18 5:40 AM
By Daria Zaytseva


Crypto market fluctuates about $500 billion

According to CoinMarketCap, the total cost of all cryptocurrencies about $ 480 billion. This figure has increased by 43.20 percent from the February 6 low of $ 276 billion. However, over the past three days, the broader crypto market has consolidated in the range from $ 475 to $ 520 billion.

Over the past 24 hours, the total cost has decreased by $ 32 billion, as the first 10 cryptocurrency’s rates on market capitalization suffered losses.

Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, suffered a night drop of more than $ 1000. Prices reached a low of $ 10,948.20 in Asian trading hours today and were last seen at $ 11,143 - 3 percent down in the last 24 hours.

Nevertheless, bitcoin ranked second in the list of losers in the last 24 hours among top 10 cryptocurrencies by market capitalization.

Today, Litecoin is the most unfortunate loser, drop on 8.96 percent in the last 24 hours - a decline could be due to profit, given that the cryptocurrency has grown by more than 100 percent since the February 6 low of $ 106.94.

Meanwhile, bitcoin cash (BCH) fell by 8.69 percent. On Bitfinex, prices fell to a six-day low of $ 1,322.70 today.

In addition, of particular interest is dash. Cryptocurrency has replaced the place of IOTA as the tenth largest cryptocurrency by market capitalization. It is also the most stable cryptocurrency in the last 24 hours, just 2 percent, while it ranks third in the winners list from the lows on the February 6 among the top 10 cryptocurrencies.

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