The first cryptocurrency continues one of the deepest price falls in its history. Today, on February 2, the weighted average bitcoin rate fell below $ 8500, which corresponds to the values of the end of November last year.
The current capitalization of “digital gold” is $ 141 billion. The value of the dominance index is also relatively low – 35.9%.
In just a month, the total market capitalization of the cryptocurrency decreased by half. So, if in early January 2018 the total value of the digital assets on the market reached $ 800 billion, now this figure is $ 395.4 billion.
Almost all of the cryptocurrencies from the first hundred of the Coinmarketcap rating show a deep dump. The reduction in the price of all the most liquid cryptocurrencies from the first ten of the rating is measured in double digits.
Among the reasons for the pessimism in the market, one can note the tightening of regulation in India and South Korea, as well as the multi-million dollar loss of the breakthrough of the large Coincheck exchange and, as a consequence, the increased likelihood of tightening regulation of the crypto industry in Japan. Also earlier reported that the CFTC has begun to scrutinize the activities of the large Bitfinex exchange and Tether.
Recall, at the end of last year, the price of bitcoin reached $ 19,000.