All Cryptos See Major Losses as Market Hit by Distinctly Unfestive Correction

While the coin is still a strong 17.2 percent higher than its value at the start of its weekly chart, on the month, Bitcoin is down by around 12 percent.

Second-largest crypto by market cap Ripple has fared even worse, shedding a stark 15 percent over the 24 hours before press time, according to Cointelegraph's Ripple Price Index.

On its weekly chart, Ripple is nonetheless a strong 31.5 percent in the green, with monthly losses at a mild 7 percent.

Ethereum - ranked third by market cap - has lost over 18 percent on the day and is trading at $127 to press time.

Ethereum is a bullish 51.5 percent in the green on its weekly chart, and it has inched into green on the month, up by around 5 percent.

Fourth-largest cryptocurrency Bitcoin Cash is down around 20.7 percent and is trading at $164 as of press time.

Having seen astonishing volatility as of late, the coin is around 113 percent up on its weekly chart - and down by around 27 percent on the month.

Newly-forked Bitcoin SV, currently ranked ninth largest cryptocurrency, is down around 15 percent at $93, according to CoinMarketCap data.

Stark losses have hit cryptos such as Litecoin - down almost 12 percent at $31.09 - IOTA - down 14 percent at $0.33 - and Cardano, down 16 percent at $0.04.

Dash is down by around 16 percent at $82; Ethereum Classic is down around 13 percent at $4.72.