As the period of stagnation among most digital assets continues, which has seen all of the major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), continuously decline, the cryptocurrency sector has lost more than $17 billion in its market capitalization in just the last 24 hours.
Specifically, its market cap has declined from $1.17 trillion 24 hours ago to $1.15 trillion at press time, which represents a 1.63% drop in the past day, according to the latest data retrieved by Finbold from the crypto monitoring platform CoinMarketCap on August 16.
Total crypto market cap 24-hour chart. Source: CoinMarketCap
As it happens, the decline was the sharpest among altcoins, with XRP losing over $1 billion in market cap after its price declined more than 4% over the past day, nearly 7% on its weekly chart, and close to 20% across the previous month, currently standing at $0.5996.
XRP 24-day price chart. Source: Finbold
Why the decline?
Notably, the current sell-off coincides with Binan
We współpracy z: https://finbold.com/why-is-the-cryptocurrency-market-down-today/
