RATE Group | Bloody November For Cryptocurrencies: Here Are The 3 Biggest Losers
51314
post-template-default,single,single-post,postid-51314,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bloody November For Cryptocurrencies: Here Are The 3 Biggest Losers

03 Dec Bloody November For Cryptocurrencies: Here Are The 3 Biggest Losers

Posted at 07:52h in Cryptocurrency News by

[ad_1]

Cryptocurrency markets have just finished one of the worst months on record for the asset class, with nearly all the major coins suffering double-digit-selloffs. Underscoring just how bearish the action in cryptos was last month, there are now just 9 digital currencies with a market cap greater than $1 billion, compared to 14 at the end of October. The five that dropped off the list were , , , and .

Of the 9 remaining, all closed the month lower than where they had started on the final trading day of November. The market cap for all digital currencies fell to $117.2 billion on November 25, its lowest levels since August 2017, before bouncing back to close the month at $134.9 billion.

Crypto market cap chart

Since its peak a year ago, the crypto market as a whole has lost about $700 billion in value. According to Charlie Bilello, analyst at Pension Partners, “the combined market cap of the 20 largest crypto coins at the end of 2017 is down over $400 billion YTD.”

[ad_2]

Source link

Tags:
, , , , ,