RATE Group | Valuation of Crypto Market Slightly Declines But Bitcoin Shows Stability
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Valuation of Crypto Market Slightly Declines But Bitcoin Shows Stability

19 Aug Valuation of Crypto Market Slightly Declines But Bitcoin Shows Stability

Posted at 21:44h in Bitcoin News by

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bitcoin price

In the past 24 hours, the valuation of the crypto market has dropped slightly by $2 billion, from $215 billion to $213 billion, as the Bitcoin price and Ethereum price demonstrated stability.

Most major cryptocurrencies including Bitcoin Cash, Ripple, EOS, and Ethereum recorded decent gains in the range of 1 to 5 percent.

bitcoin price
Top 10 best performing cryptocurrencies, chart provided by CoinMarketCap

Tokens including VeChain, Ontology, and DigixDAO, which fell by more than 20 percent against both Bitcoin and the US dollar on August 18, recovered relatively quickly, recording 15 percent gains to overcome yesterday’s losses.

Tokens are Showing Massive Volatility

Earlier this week, on August 17, VeChain, Ontology, DigixDAO, Nano, 0x, BAT, and other tokens recorded some of their strongest performances against Bitcoin. VeChain and Ontology in specific rose by over 70 percent against the US dollar, recording 30 to 60 percent gains against Bitcoin and Ethereum.

But, on August 18, the…

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