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Saturday, June 17, 2017

Sea of Red: Top 10 Cryptocurrencies See Steep Declines as Market Turns

Sea of Red: Top 10 Cryptocurrencies See Steep Declines as Market Turns

Just hours after traders reported a shift in strategy, the global cryptocurrency markets appear to be correcting – and fast.

 

At press time, the top 10 cryptocurrencies by market capitalization were all in steep periods of decline, with eight seeing declines of more than 10%. Even bitcoin, heralded as the 'safe haven' among available alternatives wasn't immune, dropping 15% at press time as its price retreated to its lowest total since 31st May.

 

Overall, the market shed roughly $6bn in a span of hours, declining from a combined total of $106bn to a press time total of $99.3bn, according to data from Coinmarketcap.

 

Full story at http://bit.ly/2rAMkCq

 

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