The cryptomarket fall: losses as high as 10%, the price of Bitcoin falls below $ 8K

The crypto markets are seeing significant losses across the table, with the top ten currencies per market capitalization in red, as shown by the Coin360 data.

Bitcoin (BTC) is trading around $ 7,846 at the time of this edition, dropping more than 4 percent during the 24-hour period. The volume of commercialization of the BTC has hovered between 5 and 6 billion during the past week, significantly below the volumes at the beginning of this month.

Ethereum (ETH) has seen a loss of almost 10 percent during the 24-hour period, trading at $ 618 at the time of this edition. The decline brings a negative change to the monthly value of the altcoin, threatening to reverse what have been staggering monthly gains of more than 100 percent in early May.
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Other major altcoins (including Cardano, IOTA, TRON, and EOS) are seeing periods of 24-hour losses between 8 and 11 percent, according to data from Coinmarketcap.