Resuming with our original schedule, today we will review the behavior of the top 10 cryptocurrencies in terms of market capitalization. Let’s take a look:
Bitcoin: $5287.02, with a change of -3.62% from yesterday and -1.03% from last week.
Ethereum: $155.52, with a change of -5.54% from yesterday and -9.57% from last week.
XRP: $0.294769, with a change of -2.92% from yesterday and -9.29% from last week.
Bitcoin Cash: $265.67, with a change of -5.62% from yesterday and -9.5% from last week.
Litecoin: $72.68, with a change of -1.91% from yesterday and -5.82% from last week.
EOS: $4.67, with a change of -2.3% from yesterday and -11.72% from last week.
Binance Coin: $23.09, with a change of 1.44% from yesterday and -5.95% from last week.
Stellar: $0.099567, with a change of -1.5% from yesterday and -12.32% from last week.
Cardano: $0.068254, with a change of -5.13% from yesterday and -10.31% from last week.
TRON: $0.023335, with a change of -6.5% from yesterday and -7.7% from last week.
Among the causes of the overall drop in the market, which certain outlets claim is around the $10 billion mark, is related to the accusations of the New York attorney general regarding Bitfinex using Tether funds to cover $850 million in losses.
This news impacted the whole market in a very negative way, with all major currencies experiencing great drops in the span of an hour. And, despite the fact that they’re already recovering, they are not reaching the values they held before the drop, with a calculated average fall of 3.36% since yesterday and 8.32% since last week.