All of the top ten cryptocurrencies by market cap are seeing losses today, June 20, as data from Coin360[1] shows.
Market visualization from Coin360[2]
Total market capitalization of all cryptocurrencies has dropped to just under $284[3] bln at press time, losing around $10 bln from its yesterday’s high of $294.
Total market cap of all cryptocurrencies from Coinmarketcap[4]
Bitcoin[5] (BTC) is trading around $6,663[6] at press time, down 2.6 percent over the 24-hour period. The leading cryptocurrency’s losses follow upon a bullish couple of days, during which BTC hit a high of almost $6,800 yesterday, June 19, outdoing even the sharp $300 spike in its price the day before, June 18.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[7]
Ethereum[8] (ETH) has seen over a 2 and a half percent loss in the past 24 hours, trading around $523[9] at press time. The leading altcoin is nonetheless holding ground above the $500 mark, after an intra-weekly low saw it drop to $486.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[10]
All of the top ten cryptocurrencies by market cap are seeing losses of between 1 and 8 percent, according to Coinmarketcap[11], with IOTA[12] (MIOTA) hit hardest, trading at $1.14 to press time, down[13] 7.15 percent over the 24 hours.
Today’s reversal of the markets’ bullish flash June 18-19 is likely a response to breaking news of the theft of $30 mln[14] from the world’s sixth largest[15] crypto exchange Bithumb[16], the leading crypto trading platform in South Korea.
According to representatives from the Korean fraud detection project Sentinel Protocol[17]
