All the leading cryptocurrency and altcoins crashed
All cryptocurrencies this week continued its downtrend after the last "weekly carnage". Market capitalization fell more than $ 25 billion (the peak of the market reached the capitalization 117 billion $ in mid-June). And again bitcoin with Ethereum lead the parade. To top it off Coinbase and GDAX stopped trading after the weekly madness.
Bitcoin continues to fall
Bitcoin fell as much as altcoins observed during this week's market correction, but he still continues to decline. So, June 21, the price of cryptocurrency was 2,750 dollars. On Monday she fell over the 2400-th line and totaled 2370$. Bitcoin is back to its previous value – 2400 USD, but the graph of the stock trend is still disappointing. At the moment the bitcoin exchange rate is USD 2409, which represents a 4.9 percent decrease in 24-hour time period.
For the first time since early June, the market capitalization of bitcoin has fallen to $ 40 billion.Ethereum price on June 27
The market decline and delay flippening
The decline of the market completely knocked Ethereum out of the way. After reaching a peak in mid-June (the course of ether amounted to 391 USD), the cryptocurrency for the current week fell by 40 percent. Now it is 231 USD. Volatility Ethereum was exacerbated by false rumors that one of the founders of the payment system acne Buterin died in a car accident. Buterin, as always, in his style, used the Ethereum blockchain in order to prove that he's still alive.
Ethereum price on June 27
As a result of correction in the market ether probability flippening (the movement of capital from the bitcoin market the Ethereum) diminished. Currency began to take positions. But bitcoin dominates, and restoring the same position now for 43.7% share of the cryptocurrency market.
The Ethereum also controls 24.5% of the market, Ripple holds 11% share.
All the major cryptocurrencies and altcoins weaken eyes
The week began with a fall in the price of 92 out of 100 major cryptocurrencies. Ripple has lost 13% and is 0,253 dollar. The market capitalization of the digital currency dropped beyond $ 10 billion. Ethereum Classic could not take advantage of the recent attempt of the air to increase and lost last week, amounting to more than 5 of 16.78 USD.
Many altcoins that were not included in the top ten, for 2 days has fallen in price in two-digit sizes. CloakCoin has lost 32%. The only bright point in all this commotion was AntShares. Its price in the last 24 hours rose 25% to $5,91.
No need to panic
Correction wound always causes dire predictions, but as stated by one of the commentators CCN:
Who does not risk does not drink champagne.
During the great depression, lost the investors, who, fearing another collapse, he cashed out his investments, and not those who kept investments and believed in a better future. Investing during the market decline get incredible short-term benefits. The same applies to bitcoin investors: you need to buy during a fall and to sell during growth, and not Vice versa.
Source: https://mining-bitcoin.ru/news/vse-kriptovalyuty-i-altcoiny-poterpeli-krah
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