Today Wednesday morning has a value of USD $ 187 billion, which was worth in October of 2017.
Some speak of a crash, but others are not as drastic and argue that it is a temporary low, but it should be noted that today the market capitalization value of the 1935 cryptocurrencies recognized by CoinMarketCap is the lowest of this year 2018 and the lowest since October 2017
When it is 9:00 am in New York, the crypto market has a value of USD $ 187 billion, with a dominance of Bitcoin of 57.9%, because although Bitcoin fell today, other important cryptocurrencies such as Ethereum or Bitcoin Cash suffered losses much more important than the main currency. Let's see the panorama:
Today Bitcoin has a price of USD $ 6,288.69, 0.40% less than yesterday at the same time. Transactions have been made for a little more than USD $ 4 billion, that is, there is no such large mobilization of exchanges, as has happened on other occasions.
The case of Ethereum is more serious, because its fall is 9.72%, another significant drop is Bitcoin Cash, which fell 9.64%. Of the top ten it is also worth noting the decreases in Litecoin (9.51%), Monero (8.46%) and the most relevant, that of Cardano, which decreased 11.36%.
The primary reason for the general low of the crypts is related to the increase of the dollar, which is also affecting some national economies.
Sources: CoinMarketCap and MercadosDiarioBitcoin