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Crypto Market Cap Takes Huge Nosedive Falling Below 200 Bln First Time in 2018

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Tue, 14/08/2018 - 14:25
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Crypto Market Cap Takes Huge Nosedive Falling Below 200 Bln First Time in 2018
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While during the December peak the total crypto market cap was nearing $800 bln, the numbers are way more humble this year – the persistent bearish trend made it plunge below the $200 bln mark for the first time since 2017. With almost all biggest cryptocurrencies suffering from double-digits losses (the Ethereum price fell 35 percent in just a week), such an outcome was surely expected. 

Pundits do not see a clear reason for this rapid decline, since the SEC postponement alone cannot have such a negative impact on the market. As of now, it is unclear when the nightmare is ending, but many believe that the volatility will decrease only after cryptocurrencies finally make it to the mainstream. 

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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