Sunday, June 10: crypto markets[1] have seen a sharp drop today, in the wake of the news that the US Commodity Futures Trading Commission (CFTC[2]) has launched[3] a probe into four major crypto exchanges.
All of the top-100[4] cryptocurrencies[5] by market capitalization are in the red over the 24 hours to press time, while total market capitalization is down by about $20 bln over the same period, according to Coinmarketcap[6].
Market visualization from Coin360[7]
Bitcoin[8] (BTC) has lost just shy of 5 percent of its value in the past 24 hours, currently trading at $7,244. The majority of the decline took place over a period of just 2 hours, earlier today.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[9]
Ethereum[10] (ETH) is revisiting its early June lows, having dipped below the $600 mark today. After losing around 6 percent in 24 hours to press time, the coin is trading at around $568.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[11]
Total market capitalization is at $320 bln at press time. The market cap has declined by $120 bln over the past 30 days, constituting a value loss of about 26 percent.
Total market capitalization chart. Source: Coinmarketcap[12]
Among the top ten cryptocurrencies by market capitalization, IOTA[13] (MIOTA) and EOS[14] have suffered the largest losses over the past 24 hours, according to Coinmarketcap. MIOTA is down 10 percent, trading at $1.50. EOS, which saw significant growth[15] earlier this month, coinciding with the release of its EOSIO 1.0 software stack, has not been spared today either, losing 8 percent over
