Total Crypto Market Cap fell down to $186 Bn - Hits the Lowest This Year

When Bitcoin rose to all time high $19,800, there were predictions of the coin hitting $50k mark by end of the year 2018. However, the situation became worse than expected and now Bitcoin rests at $6.3K with still many hopes of raise.

The total market cap of cryptocurrency fell down to $186 Billion, which was about $831 Billion during January. This has been marked as the lowest this year, and since November 2017.

Image: Ethereum Marketcap from Mashable

Ethereum, second largest cryptocurrency are losing its value at a considerable rate. Since Bitcoin has still maintained its value at a stable level, the other coins cannot handle the crash. ETH has also reached to its lowest this month. Last month it was double of what it is at the moment and two months ago, it was triple of the current price. The current price of Ethereum is $188.77.

The common reason for this fell down is the fear among investors, institutions, banks and the economic regulatory bodies.

To know more about this news, you can read it on Mashable

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