The encrypted currency market yesterday suffered another crash and lasted until today, the top 20 of the market value of encryption currency are in decline, but bitcoin transaction price fell below $4000.
Sharp decline in money markets are at least encryption 10-15%. According to the data of CoinMarketCap, Stellar (XLM) is affected by the largest decline in more than 20%, at the time of the transaction price of $0.14.
Yesterday, bitcoin fell below the $4000 price low, break through the threshold for the first time since September 2017. Today, bitcoin fell further to around $3650, then stabilized at around $3800.
As of press time, bitcoin transaction price of $3835, in the past 24 hours fell less than 10%.
In the past 7 days, bitcoin fell more than 32%. Facing this month in November 14th for the first time before the massive sell-off, bitcoin stable trading around $6300, about 40% more than the current price rise.
EOS encryption currency in terms of market value briefly surpassed bitcoin cash (BCH), has become the fourth largest encryption currency. At the same time, bitcoin cash suffered some of the biggest losses, the day fell about 19%. The transaction price of about $165, crypto currency fell more than 56% in the past 7 days.
All encryption currency in total market value last night for the first time since mid September 2017 fell below $130 billion. As of press time, the total market value of around $120 billion or more, the daily turnover of approximately $19 billion. Bitcoin currently accounts for 54.5% of market share.
Muneeb Ali, chief executive of focus on decentralization of the block chain project Blockstack PBC recently tweeted that the industry is entering a “winter” encryption “, urged the need not deny or downplay it.” Block chain encryption experts predict investment “may be exhausted,” lead the industry project work. However, the current market situation “is not the end”, “the next wave” is expected to bring “more market,” he said.
Earlier this week, the U.S. Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce provides a pro encrypted statement, claiming regulators “need to open more doors for innovation.” 11 month 20, said in an interview. Pearce claimed that she “refused to innovate the role of a” gatekeeper “, and that the role and development of” efficient market “and the” real mission of different investor protection”.
As the blockchain technology network reported today that former Goldman executives to encrypt the executive Mike Novogratz said, “encryption money market will start again next year.” Founder Galaxy Digital encryption bank told reporters that the price of incitement to “flip” may be the main financial institutions into the field of encryption mechanism for Bakkt – Intercontinental Exchange and Fidelity open the encrypted transaction programs as example.