Cryptocurrencies continue to fall sharply, capitalization drops to less than USD $ 270 billion

Bitcoin has its lowest price since and Litecoin for the first time in 2018 drops below USD $ 100.

The world of cryptocurrencies is in the doldrums. Today the market continues in red and many cryptocurrencies reached the lowest prices so far this year. Let's see some examples:

When it is 3:30 pm in New York, Bitcoin is priced at USD $ 6,430.23, 5.23% less than yesterday at the same time. It is its lowest price since last February 6, when it touched a floor of around USD $ 6,100 and then it was raised. The number of transactions is USD $ 4.8 billion in the last 24 hours. The exchanges with the highest mobilization of transactions are Binance, first, followed by Bitfinex and OKEx.

Ethereum has a drop of 6.20%, Ripple of 7.30%, Bitcoin Cash of 5.79% and EOS of 5.54%. But, eye-catcher, the fall of Litecoin, which fell 8.17% to reach USD $ 93.80, its lowest price so far in 2018 and the first it has had this year below the USD is striking. $ 100

98 of the top 100 crypts are down (only All Sports and Bytom are saved with very slight increases). The market capitalization of the more than 1600 crypts now has a value of USD $ 269 billion, the lowest since April 8 this year and a third of the value it had in January 2018 when it reached over USD $ 800 one billion

The analysts have different theories about what is happening: Some attribute the fall to hacking to the South Korean exchange Coinrail this Sunday. However, for others it does not make sense that this has caused prices to fall so abruptly, since neither was an important exchange nor did it list the main cryptocurrencies. These last analysts consider more a reaction of the market that, in the face of the downturn, begins to show more and more fearful and sells at a lower value.