Almost all of the top one hundred cryptocurrencies by market cap have seen significant losses within the space of just a few hours today, June 22, as data from Coin360[1] shows.
Market visualization from Coin360[2]
Total market capitalization of all cryptocurrencies has dropped to just under $268.4[3] billion at press time, dropping a hefty $16 billion on the day.
Total market cap of all cryptocurrencies from Coinmarketcap[4]
Bitcoin[5] (BTC) is trading around $6,386[6] at press time, down 7.2 percent over the 24-hour period. The leading cryptocurrency has now reversed a flash three day rally, which saw its price recover to as high as $6,792 June 19.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[7]
Ethereum[8] (ETH) has been hit with an even harder loss over the past 24 hours, dropping 8.2 percent and trading around $492[9] to press time. The leading altcoin briefly recovered June 18-21 to reclaim the $520-540 range, but today again dipped below the round $500 figure and is trading only just slightly higher than its intra-weekly low of $485.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[10]
All of the top ten cryptocurrencies by market cap have lost between 4 and around 10 percent over the 24-hour period, according to Coinmarketcap[11], with EOS[12] dropping[13] most sharply, trading at $9.45 to press time, down 10.08 percent.
Earlier this week, EOS block producers preemptively acted to prevent theft, freezing[14] seven accounts compromised by the registration process through phishing scams. The action led to a backlash from commentators, including high-profile crypto industry players, Nick Szabo and Charlie Shrem:
In EOS a few complete
