Chaos and panic reign supreme. As of 3:00 AM EST, the leveling out of cryptocurrency markets seen last week has given way to a fall off the cliff. Markets are stairstepping lower to the tune of double-digit losses as the overall market cap trades down to $108,503,796,311, a haircut of $15B from last week. Traders and investors alike are asking when the bottom will apear. Caveat emptor – let the buyer beware.
BTC 12/7/18. BLOCKTVMARKET.
With a -11.12 percent loss in early-morning trading, BTC is not even the worst offender. The world's dominant token is seeing unabated, high volume selling as it exchanges hands at $3432.95, prices not seen since middle of 2017. The currency now holds a market cap of $59,770,936,407.
XRP 12/7/18. BLOCKTVMARKET.
The world's second-largest cryptocurrency is seeing double-digit losses to the tune of -11.06 percent. Earlier in the evening, XRP was trading down on slight weakness with subdued volume, only to see that pick up and drive volatility through the roof in line with other cryptocurrencies. The market cap is now $12,213,375,592.
ETH 12/7/18. BLOCKTVMARKET.
Leading the cryptomarkets downward is ETH, which is trading down -17.21 percent from yesterday, with its last print at $85.50 and a market cap of $8,861,637,862.
BTC SV 12/7/18. BLOCKTVMARKET.
In a rare bright spot for the crypto markets, Bitcoin SV is trading in the green, up 21.59 percent. Trading from yesterday began on light volume but as the token picked up steam, buyers rushed in and are continuing to push the currency northward. BCHSV, with a market cap of $1,935,262,042, has now overtaken BCHABC.