$5 billion wiped from crypto market cap in one hour; BTC down 4%

20 Jan, 2019 | Updated: 20 Jan, 2019
by Will Heasman
Price Action
$5 billion wiped from crypto market cap in one hour; BTC down 4%

After a fairly placid few days, the crypto market has suddenly awoken, face down, with around $5 billion wiped clean off its total capitalization.

Yesterday saw Bitcoin (BTC) reach the welcome $3750 mark, but it seems that it wasn’t meant to be, swiftly changing direction now closer to $3,500 at approximately $3588, down -4.20% in 24 hours.

XRP is also feeling the pain of this latest dip down -2.99%

And following the top 2 is Ethereum (ETH) citing similar losses to BTC down -4.10% on the 24-hour charts.

Bitcoin Cash (BCH), EOS, Stellar (XLM), Litecoin (LTC), TRON and Bitcoin SV (BSV) are all similarly in the red, down -5.87%, -6.36%, -4.80%, -4.46%, -5.13%, and -2.20%, respectively.  

Outside of the top 10 many altcoins are telling a similar story with most coins down, including Cardano (ADA), Iota (MIOTA) Binance Coin (BNB), Monero (XMR), Dash and NEM (XEM) citing respective losses of -6.51%, -7.01%, -2.15%, -14.91%, -5.97% and -3.57% on the 24 hour charts.

One of the biggest losses of today comes from Stratis (STRAT) down -9.68%.

Crypto aficionados on Twitter were quick to comment on this latest dip: 

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