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Cryptocurrency markets are facing big losses

The total market capitalization of all cryptocurrencies declined from $800 billion on January 7 to $709 billion on January 10.

10.Jan.18 1:14 PM
By Daria Zaytseva


Cryptocurrency markets are facing big losses

The main exception seems to be Ether (ETH), which during the last day is showing almost 10 percent growth, selling at an average of $ 1,300.

Ripple (XRP), the so-called cryptocurrency of banking, which showed an unprecedented growth rate, since mid-December 2017, has recently led to a devastating package with almost 17 percent losses in the last 24 hours.

Last week, Ripple traded at an average of $3 on the CoinMarketCap before the price tracking site removed three large South Korean exchanges from their price calculations on Monday, January 8. This step made the price of coins drop by 30 percent and put it in third place in the market. Perhaps, in part due to panic sales after the sudden seeming fall of Ripple, the altcoin continued to fall, trading at an average of $1.95.

On the 8th place, the cost of Stellar Lumenís price fell by almost 13 percent to $0.54. In the same vein, Cardano is on the verge of continuing market depression, also falls by almost 13 percent and brings the price from more than $1 to the $0.75 area.

The new economic movement (NEM) was also not spared, yielding to an 11 percent decline and trading at $1.45.

Dash has returned to the top 10 coins, tapping the TRON, the altcoin, which broke into the top ten last week, returned to 12th place.

IOTA is now on the 9th position and published a negative 5.84 percent along with a price of $3.45. The market leader Bitcoin has not fully recovered from its downward trend since the end of December. It fell by 4.2 percent, the market price slightly more than $14,000.

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