The cryptocurrency market cap is continuing to shed billions.
One week ago the market cap was $381 billion and today it sits at $308 billion, a 20% drop.
Price swings in the market continue to remain unpredictable, and most major assets remain deep in the red for the day, week and month.
Ethereum, currently ranked #2 by market cap, is down 8.4% over the past 24 hours.
Ethereum is down 8.4% over the past 24 hours.
Taylor - a smart-trading assistant that revolves around cryptocurrency - was the victim of a massive hack recently that resulted in approximately 2,578 Ether coins being stolen.
Executives are still investigating, though they are confident the hacker is the same individual behind the recent hacking of CypheriumChain, which saw over 17,000 coins ETH vanish overnight.
This sum was collected from multiple sources and placed into a single wallet, which was then transferred to an even larger source.
The global cryptocurrency market cap stands at $307.89B with a 24 hour volume of $16B. The Coinbase Index is currently sitting at 3300.16.
Bitcoin dominance is currently at 39.84%. The cryptocurrency market took a battering this week, and investors are again warned to remain cautious.
Price Watch: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin Continue Massive Drops
Published on May 28, 2018
by Cryptoslate | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.