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    Home News Bitcoin News

    Bitcoin (BTC) and the crypto market is once again crashing hard!

    Andy K by Andy K
    November 15, 2018
    in Bitcoin News, News
    2 min read
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    It’s not been a pretty year for anyone who owns Bitcoin, but the last 24 hours has been a period to forget as the cryptocurrency dropped below $100 billion in market cap for the first time in more than a year.

    You have to go back to the end of October (the 29th to be precise)  for the last time that the total circulation of Bitcoin in the market dropped below $100 billion.

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    It looks like this will be the first 24-hour period to hold that rate — so much for the relative price stability that many in the industry had complained about, be careful what you wish for!

    The dip follows a decline that took Bitcoin’s price below the mark $6,000 for the first time this year — it has since plunged below $5,600. That, in turn, caused havoc in the altcoin market with valuations plummeting double-digit percentages nearly across nearly all of the top 100 valued tokens. Of the top ten, Cardano is down 14 percent, Litecoin 13 percent and Ethereum and EOS 12 percent. The changing prices also saw Ripple’s XRP token rise above Ethereum to become the second most valued cryptocurrency behind only Bitcoin.

    As ever, the source of the malaise is tough to diagnose. Bitcoin Cash, which is about to undergo a hard fork, looks to be the most likely cause.

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    Andy K

    Andy K

    Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

    Fun Fact : Andy's nickname in the office is 'Crypto Head' due to a small 'bitcoin' tattoo behind his left ear (now that's dedication to the industry)

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    Bitcoin Eyes Gains as British Pound Drops on Brexit Uncertainty

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    • bitcoinBitcoin(BTC)$7,068.24-0.46%
      BITCOIN
      24H : -0.46%
      Volume : $19,385,601,323.00
      Marketcap : $127,935,168,390.00
    • rippleXRP(XRP)$0.212-2.12%
      XRP
      24H : -2.12%
      Volume : $1,198,166,386.00
      Marketcap : $9,191,057,902.00
    • ethereumEthereum(ETH)$140.82-1.05%
      ETHEREUM
      24H : -1.05%
      Volume : $5,925,686,465.00
      Marketcap : $15,341,841,840.00
    • eosEOS(EOS)$2.53-1.57%
      EOS
      24H : -1.57%
      Volume : $1,240,859,528.00
      Marketcap : $2,412,189,880.00
    • bitcoin-cashBitcoin Cash(BCH)$205.38-0.93%
      BITCOIN CASH
      24H : -0.93%
      Volume : $1,767,527,412.00
      Marketcap : $3,731,185,221.00
    • tetherTether(USDT)$1.0000.083%
      TETHER
      24H : 0.083%
      Volume : $20,277,726,684.00
      Marketcap : $4,286,936,089.00
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      Volume : $139,458,190.00
      Marketcap : $1,005,207,978.00
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      Marketcap : $2,718,642,798.00
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      Marketcap : $915,978,409.00
    • cardanoCardano(ADA)$0.036-0.49%
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      24H : -0.49%
      Volume : $60,166,243.00
      Marketcap : $1,117,915,811.00
    • bitcoin-svBitcoin SV(BSV)$92.04-0.56%
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      Marketcap : $2,176,152,493.00
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      IOTA
      24H : -1.68%
      Volume : $5,280,307.00
      Marketcap : $517,946,113.00
    • moneroMonero(XMR)$50.42-2.03%
      MONERO
      24H : -2.03%
      Volume : $107,620,312.00
      Marketcap : $875,826,216.00
    • dashDash(DASH)$49.44-0.41%
      DASH
      24H : -0.41%
      Volume : $272,163,924.00
      Marketcap : $455,515,399.00
    • nemNEM(XEM)$0.035-1.26%
      NEM
      24H : -1.26%
      Volume : $37,217,471.00
      Marketcap : $308,614,367.00
    • neoNEO(NEO)$8.72-0.21%
      NEO
      24H : -0.21%
      Volume : $387,657,757.00
      Marketcap : $614,765,991.00
    • ethereum-classicEthereum Classic(ETC)$3.810.141%
      ETHEREUM CLASSIC
      24H : 0.141%
      Volume : $445,261,038.00
      Marketcap : $441,376,741.00
    • usd-coinUSD Coin(USDC)$1.0000.161%
      USD COIN
      24H : 0.161%
      Volume : $219,822,820.00
      Marketcap : $470,219,699.00
    • ontologyOntology(ONT)$0.585-0.09%
      ONTOLOGY
      24H : -0.09%
      Volume : $76,185,531.00
      Marketcap : $372,964,178.00
    • tezosTezos(XTZ)$1.650.594%
      TEZOS
      24H : 0.594%
      Volume : $71,991,583.00
      Marketcap : $1,138,902,345.00
    • makerMaker(MKR)$487.14-3.85%
      MAKER
      24H : -3.85%
      Volume : $5,446,167.00
      Marketcap : $361,923,464.00
    • zcashZcash(ZEC)$31.91-0.95%
      ZCASH
      24H : -0.95%
      Volume : $142,437,117.00
      Marketcap : $258,420,558.00
    • wavesWaves(WAVES)$0.7356.25%
      WAVES
      24H : 6.25%
      Volume : $30,718,585.00
      Marketcap : $73,502,358.00
    • dogecoinDogecoin(DOGE)$0.00220.595%
      DOGECOIN
      24H : 0.595%
      Volume : $49,774,789.00
      Marketcap : $263,229,291.00
    • vechainVeChain(VET)$0.0054-1.91%
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