Cryptocurrency Market Update
The Cryptocurrency Market saw a big market loss which saw the whole Cryptocurrency Market Capitalization at $370b against a previously total of $250.05b loosing up to $20b within a little period of time. Two-three days time frame starting from 21/05/2018 – 23/05/2018.
The bitcoin market equally saw the bitcoin price at $788804 BTC with a market falling to $134.2b against previously $140.05b yesterday loosing a total of $6.03b.
$623.34 Ether in price lost a $4.09b market capitalization against $62.09b market capitalization of yesterday’s night market capitalization.
The Altcoin are left behind. Previously the altcoin holds $230b market capitalization but it went as low as $116b market capitalization. With Ethereum having the biggest among the over 5000 digital currencies in the market.
With the recent market regulations ranging from the current Indian Government BTC regulationsset up by the government.
And to the Russian Regulations. Russian Duma approves first reading of bill that regulates all aspects of the blockchain industry, including defining crypto as property.
A South Carolina securities regulator has also passed a cease-and-desist order to a blockchain startup for violation of the state’s securities statutes and bills.
The market price movement might still embrace a good return should the government make or state a safe ground for Cryptocurrency Trading. Recently also many other factors contributed to its fall ranging from different government statements on Cryptocurrency and different laws and taxes newly made in place regarding Crypto-Trading and other Cryptocurrency related activities around the Crypto World.