The total value of all publicly traded cryptocurrencies has declined more than $10bn in the last 24 hours, amid a sell-off that broadly impacted the nascent asset class.
With the move, the market has now declined precipitously from a peak reached in mid-June, when it set an all-time high of $115bn, according to data from Coinmarketcap. In just over 30 days, the market has fallen 46.9%, falling to a low of $61bn at press time.
Among the most affected in today's decline were cryptocurrencies that had seen wild gains in recent months, including ether, and XRP, the cryptocurrencies that power the ethereum blockchain and Ripple Consensus Ledger, which were down 28% and 25%, respectively, over the last 24 hours.
Full story at http://bit.ly/2t6dfml
Source: CoinDesk
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