Market bleeds another $5 billion today as all major currencies are in the red

11 Aug, 2018
by Richard Allen
News
Market bleeds another $5 billion today as all major currencies are in the red

The carnage continues into the weekend as total market cap bleeds another $5 billion in 24 hours. Bitcoin fell 4.76% getting closer and closer to that $6,000 mark, currently at $6,155.

There's no solace from the top 10 either. Ethereum and XRP are both seeing losses close to 12%, trading at $320,01 and $0.300 respectively. EOS and litecoin bled almost 10%. EOS is now at $5.15 while litecoin trades at $56.97.

Out of CoinMarketCap’s top 100 coins, IOTA took one of the biggest knocks. The coin plummeted 16.96% to trade at $0.525 against the dollar. VeChain saw similar losses. Down by 16.42%, it's now worth $0.0089. Additionally, NEO is down 15.84%, trading at $18,41.

98 out of the top 100 coins saw red today. The two that managed to escape the massacre are Huobi Token 0.40% in the green, and Nxt nearly 8% up.

The market seems to be continuing with its correction, but fingers crossed we’ll see some improvements soon.

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